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Blackstone, Safe Harbor

Hosted on MSN · 23h

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.

Wall Street Journal · 1d

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.

2d

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.

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 ...

1d

Blackstone strike $5.7B deal for Dallas marina operator with Tampa ties

The Wall Street giant is buying what is called the "largest marina and superyacht servicing business in the United States." ...

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.

1don MSN

This Top-Performing Investment's Big Splash Is Paying Off via a $1.3 Billion Windfall Profit

Sun Communities (NYSE: SUI) made a big splash during the pandemic. The real estate investment trust (REIT) expanded its niche ...

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