Safe Harbor Marinas Acquired For $5.65 Billion [Forbes]
Sun Communities, Inc. (SUI)
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Source: Forbes
As many of you know, I'm just a simple guy who loves to share what many of the world's largest superyachts —and their builders designers , and owners —are really like. And I'll be the first to admit that I don't have the hard-boiled business chops to analyze the galaxy of family-owned shipyards, and publicly traded corporations , and gloriously boutique niche service providers that constitute the global yachting industry. However, the news that the world's largest alternative asset manager (with more than $1 trillion under management) has agreed to acquire Safe Harbor Marinas (the largest marina and superyacht servicing business in the United States) for $5.65 billion has piqued my interest. And since I'm not a business reporter, it might be best to share the details of the transaction that I've gleaned directly from the press release. “ Blackstone (NYSE: BX) has announced that funds managed by Blackstone Infrastructure (“Blackstone”) has agreed to acquire Safe Harbor Marinas (“S
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