Marinas/Boatyards

NMMA recaps day one of ABC 2021

Yesterday NMMA kicked off the first day of its annual advocacy event, the 2021 virtual American Boating Congress (ABC). The association welcomed nearly 400 attendees and an impressive lineup of speakers, including members of Congress, chiefs of staff, and directors of offices of outdoor recreation (OREC) from around the country. Throughout the initial day of programming, NMMA member companies and ...

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Freedom Boat Club acquires New York franchise operation

Freedom Boat Club logo

Freedom Boat Club, a division of Brunswick Corporation (NYSE: BC), announced that it has acquired the Freedom Boat Club of New York franchise operation and territory.  This announcement comes just four weeks after Freedom announced that it had acquired the franchise operation and territory rights in the Chicago market. The scope of the transaction includes six New York area locations covering Long ...

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ValvTect welcomes 7 new marinas to certified program

ValvTect recently welcomed seven new marinas to the Certified ValvTect Marina family. The locations listed below are now fully authorized ValvTect Marine Fuel Marinas and all have met strict quality control specifications for fuel quality and formulation performance in accordance with ValvTect’s marine fuel guidelines. McKinley Marina – Milwaukee, WisconsinGulf Star Marina – Fort Myers Beach, FloridaHalifax Harbor Marina – Daytona Beach, FloridaShennecossett ...

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Suntex Marinas announces recapitalization

Suntex logo

Suntex Marinas Investors LLC announced a recapitalization of the Company led by funds affiliated with Centerbridge Partners, L.P. (Centerbridge), and funds affiliated with Resilient Capital Partners, LLC (RCP), alongside key management members. Suntex, the largest standalone, pure-play owner of marinas in the United States, owns and operates 31 market-leading marinas which provide boat docking and storage, as well as related ...

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Freedom Boat Club Jacksonville hosts fundrasier

Freedom Boat Club Jacksonville is hosting the Freedom Dock Dash to kick off the spring boating season and to raise money for one of six charities that have been supporting COVID-19 pandemic-related causes. Contestants will have a chance to win a one-hour tiki boat ride with Cruisin’ Tikis St. Augustine, a free BoatClass training course, Yeti Roadie Cooler, FBC Swag, ...

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Freedom Boat Club acquires Chicago franchise operation and territory

Freedom Boat Club logo

Freedom Boat Club, a division of Brunswick Corporation (NYSE: BC), announced that it has entered into a definitive agreement to acquire its Freedom Boat Club of Chicago franchise operation and territory from its current owner. The scope of the transactions includes all four current Illinois-based locations and rights to build new club locations in part of Northern Illinois and portions of ...

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AMI launches National Clean Marina Certification program

AMI Logo

Last week, the Association of Marina Industries (AMI) announced its plan to develop a national Clean Marina program. This will be the first national clean marina program of its kind in the United States. It is designed to provide clean marina certifications to marinas in states where no such program currently exists and augment existing state and regional efforts. Its ...

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Southern Marinas sells existing portfolio

Southern Marinas Holdings, LLC, a partnership between a New York-based private investment firm and Southern Marinas, announced the sale of its portfolio of its marinas to a publicly traded REIT.   “With the uncertainty surrounding the long-term investment strategy in some traditional core real estate including retail and office, the marina space has become increasingly interesting for private equity and ...

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Suntex acquires Prime Marina Miami

Prime Marina Miami

Suntex Marina Investors, LLC (Suntex), acquired Prime Marina Miami. Located in the heart of Coconut Grove, adjacent to city hall and local businesses, the property serves a strong and affluent boating market south of downtown Miami. Effective immediately, Suntex will return the site to its previous name, Bayshore Landing. The purchase of the property’s recently renewed 70-year lease from Prime ...

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