Blackstone acquires Safe Harbor Marinas LLC for $5.65 billion, strengthening its position in the U.S. marina sector.

Overview of the Deal

On February 24, 2025, Blackstone (NYSE: BX) announced the acquisition of Safe Harbor Marinas LLC, consisting of 138 marinas across the USA and Puerto Rico, from Sun Communities Inc. This transaction, valued at $5.65 billion, closed on June 30, 2025. Safe Harbor Marinas, a subsidiary of Sun Communities, is recognized as the largest marina and superyacht servicing business in the USA, giving Blackstone a significant position in a mature sector.

Information on the Target

Founded in 2015 and headquartered in Dallas, Texas, Safe Harbor Marinas, LLC. manages a vast network of premium waterfront properties. As the leading owner and operator of marinas in the United States, Safe Harbor oversees 138 locations, offering docking, storage, and maintenance services to recreational boaters and yacht owners. The company provides a comprehensive range of services, including slip rentals, boat repair, fuel services, and upscale member amenities. Safe Harbor is committed to enhancing the boarding experience through world-class facilities and personalized service.

Industry Overview in the Target's Specific Country

The marina industry in the United States is experiencing stable growth, benefiting from the increasing popularity of recreational boating and marine activities. With a rising number of consumers engaging in leisure travel and r