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.

Private equity giant Blackstone has acquired Safe Harbor Marinas, which bought up 14 Rhode Island marinas in just three years, raising eyebrows in the local boating community. The sale price was $5.65 billion,