Blackstone, Safe Harbor

Blackstone paying $5.6 billion to buy Safe Harbor Marinas
Private equity giant Blackstone has agreed to acquire Safe Harbor Marinas, a Dallas-based marina and superyacht servicing company, for $5.65 billion from Sun Communities. Why it matters: This is a reminder that the pandemic-era boating boom didn't sink.
Sun Communities to Sell Marinas Business to Blackstone for $5.65 Billion
The all-cash purchase of Safe Harbor Marinas by affiliates of Blackstone Infrastructure is expected to close in the second quarter.
Blackstone to snap up marina and superyacht serving firm Safe Harbor Marinas for $5.65bn
Blackstone Infrastructure has agreed to acquire Safe Harbor Marinas, a Dallas-based marina and superyacht serving business, for $5.65 billion. The seller is Sun Communities Inc. Gary Shiffman serves as chairman and CEO of Sun.
Blackstone to buy Sun Communities' Safe Harbor marinas for $5.65B
Sun Communities (NYSE:SUI) stock climbed 5.4% in early Monday trading after the REIT agreed to sell its Safe Harbor marinas business to private equity giant Blackstone (NYSE:BX) for $5.65B in an all-cash transaction.
Blackstone Infrastructure to Acquire Safe Harbor Marinas in $5.65B Transaction
Blackstone (NYSE: BX) announced today that funds managed by Blackstone Infrastructure ("Blackstone") have agreed to acquire Safe Harbor Marinas ("Safe Harbor"), the largest marina and superyacht servicing business in the United States,
Blackstone acquires Safe Harbor Marinas in $5.65B deal
Blackstone Infrastructure today announced its acquisition of Safe Harbor Marinas, the largest marina and superyacht servicing business in the United States, from Sun Communities, Inc. for $5.65 billion.
SUN COMMUNITIES, INC. ANNOUNCES SALE OF SAFE HARBOR MARINAS TO BLACKSTONE INFRASTRUCTURE IN AN ALL-CASH TRANSACTION FOR $5.65 BILLION
Re-focuses Business Strategy. Post-transaction, Sun’s North America MH and RV portfolio is expected to account for approximately 90% of the Company’s Net Operating Income (“NOI”), streamlining its strategic focus as a pure-play MH and RV owner and operator.
RI marina operator Safe Harbor sold for nearly $6 billion
NEWPORT, R.I. (WPRI) — Blackstone Infrastructure is expanding its portfolio by acquiring Safe Harbor Marinas for $5.65 billion. Safe Harbor owns and operates 138 marinas nationwide, including 11 in Rhode Island and nine in Massachusetts. It’s considered an industry leader in boat storage and servicing.
REIT Sun Communities to sell superyacht unit to Blackstone for $5.65 billion
Sun Communities will sell its superyacht servicing business for $5.65 billion in cash, as the real estate investment trust aims to focus on its core segments and reduce debt, sending its shares up more than 5%.
Sun Communities’ Stock Surges After Blackstone Agrees To Acquire Its Safe Harbor Marinas Business: Retail’s Unconvinced Yet
Shares of real estate investment trust Sun Communities Inc. (SUI) soared approximately 7% on Monday after Blackstone Inc. (BX) announced that funds managed by Blackstone Infrastructure will acquire Safe Harbor Marinas,
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Blackstone Buys Marina Portfolio in $5.7B Deal
Blackstone Infrastructure has agreed to acquire the Safe Harbor Marinas portfolio from Sun Communities for $5.65 billion in ...
Safe Harbor Marinas, owner of multiple RI boatyards, sold to Blackstone private equity
Private equity giant Blackstone has acquired Safe Harbor Marinas, which bought up 14 Rhode Island marinas in just three years ...
Blackstone Buys Superyacht and Marina Servicer for $5.65 Billion
A unit of Blackstone Inc. agreed to acquire a marina and yacht servicing business for $5.65 billion in a bet on US boaters.
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Blackstone Reaches $5.7B Deal To Buy Superyacht Marina Owner
Sun Communities REIT will sell Safe Harbor Marinas to Blackstone Infrastructure in a $5.7B all-cash transaction.