Blackstone Infrastructure to Acquire Safe Harbor Marinas in $5.65B Transaction
Blackstone (NYSE: BX) has announced the acquisition of Safe Harbor Marinas from Sun Communities for $5.65 billion. Safe Harbor is the largest marina and superyacht servicing business in the United States, operating 138 marinas across the U.S. and Puerto Rico.
The acquisition aligns with Blackstone Infrastructure's strategy of investing in sectors with strong tailwinds, particularly the growing travel and leisure industry and population shifts to coastal cities. Blackstone Infrastructure has shown significant growth, managing $55 billion in assets and achieving approximately 40% year-over-year growth since inception.
Wells Fargo served as lead financial advisor and provided committed financing for the transaction, while Gibson, Dunn & Crutcher LLP and Simpson Thacher & Bartlett LLP acted as legal advisors.
Blackstone (NYSE: BX) ha annunciato l'acquisizione di Safe Harbor Marinas da Sun Communities per 5,65 miliardi di dollari. Safe Harbor è la più grande azienda di servizi per marina e superyacht negli Stati Uniti, operando 138 marine negli Stati Uniti e a Porto Rico.
L'acquisizione si allinea con la strategia di Blackstone Infrastructure di investire in settori con forti tendenze favorevoli, in particolare nell'industria del viaggio e del tempo libero in crescita e nei cambiamenti demografici verso le città costiere. Blackstone Infrastructure ha mostrato una crescita significativa, gestendo 55 miliardi di dollari in attivi e raggiungendo circa 40% di crescita anno su anno dalla sua nascita.
Wells Fargo ha svolto il ruolo di consulente finanziario principale e ha fornito finanziamenti impegnati per la transazione, mentre Gibson, Dunn & Crutcher LLP e Simpson Thacher & Bartlett LLP hanno agito come consulenti legali.
Blackstone (NYSE: BX) ha anunciado la adquisición de Safe Harbor Marinas de Sun Communities por 5.65 mil millones de dólares. Safe Harbor es la mayor empresa de servicios de marinas y superyates en los Estados Unidos, operando 138 marinas en EE. UU. y Puerto Rico.
La adquisición se alinea con la estrategia de Blackstone Infrastructure de invertir en sectores con fuertes vientos a favor, particularmente en la creciente industria de viajes y ocio y en los cambios demográficos hacia las ciudades costeras. Blackstone Infrastructure ha mostrado un crecimiento significativo, gestionando 55 mil millones de dólares en activos y logrando aproximadamente 40% de crecimiento interanual desde su creación.
Wells Fargo actuó como asesor financiero principal y proporcionó financiamiento comprometido para la transacción, mientras que Gibson, Dunn & Crutcher LLP y Simpson Thacher & Bartlett LLP actuaron como asesores legales.
블랙스톤 (NYSE: BX)은 선 커뮤니티로부터 세이프 하버 마리나를 56억 5천만 달러에 인수했다고 발표했습니다. 세이프 하버는 미국에서 가장 큰 마리나 및 슈퍼요트 서비스 회사로, 미국과 푸에르토리코 전역에 138개의 마리나를 운영하고 있습니다.
이번 인수는 블랙스톤 인프라스트럭처의 강한 성장세를 보이는 분야에 투자하겠다는 전략과 일치하며, 특히 여행 및 여가 산업의 성장과 해안 도시로의 인구 이동에 주목하고 있습니다. 블랙스톤 인프라스트럭처는 550억 달러의 자산을 관리하며, 설립 이후 약 40%의 연간 성장률을 기록했습니다.
웰스 파고는 주요 재무 자문사로 활동했으며 거래를 위한 자금을 제공했으며, 기브슨, 던 & 크러쳐 LLP와 심슨 태처 & 바틀렛 LLP는 법률 자문사로 활동했습니다.
Blackstone (NYSE: BX) a annoncé l'acquisition de Safe Harbor Marinas de Sun Communities pour 5,65 milliards de dollars. Safe Harbor est la plus grande entreprise de services de marinas et de superyachts aux États-Unis, exploitant 138 marinas à travers les États-Unis et Porto Rico.
L'acquisition s'inscrit dans la stratégie de Blackstone Infrastructure d'investir dans des secteurs bénéficiant de fortes tendances, en particulier l'industrie du voyage et des loisirs en pleine croissance et les mouvements de population vers les villes côtières. Blackstone Infrastructure a montré une croissance significative, gérant 55 milliards de dollars d'actifs et atteignant environ 40% de croissance d'une année sur l'autre depuis sa création.
Wells Fargo a agi en tant que conseiller financier principal et a fourni un financement engagé pour la transaction, tandis que Gibson, Dunn & Crutcher LLP et Simpson Thacher & Bartlett LLP ont agi en tant que conseillers juridiques.
Blackstone (NYSE: BX) hat die Übernahme von Safe Harbor Marinas von Sun Communities für 5,65 Milliarden Dollar bekannt gegeben. Safe Harbor ist das größte Unternehmen für Marinas und Superyacht-Service in den Vereinigten Staaten und betreibt 138 Marinas in den USA und Puerto Rico.
Die Übernahme passt zur Strategie von Blackstone Infrastructure, in Sektoren mit starken Rückenwinden zu investieren, insbesondere in der wachsenden Reise- und Freizeitbranche sowie in den Bevölkerungsverschiebungen zu Küstenstädten. Blackstone Infrastructure hat ein signifikantes Wachstum gezeigt, verwaltet 55 Milliarden Dollar an Vermögenswerten und hat seit der Gründung etwa 40% jährliches Wachstum erreicht.
Wells Fargo fungierte als Hauptfinanzberater und stellte die erforderliche Finanzierung für die Transaktion bereit, während Gibson, Dunn & Crutcher LLP und Simpson Thacher & Bartlett LLP als rechtliche Berater auftraten.
- Acquisition of the largest U.S. marina operator with 138 locations
- Strategic expansion into growing travel and leisure sector
- Blackstone Infrastructure showing 40% YoY growth
- Portfolio diversification with $55B assets under management
- Significant capital outlay of $5.65B required for acquisition
Insights
This $5.65 billion acquisition of Safe Harbor Marinas marks a strategic milestone for Blackstone Infrastructure, representing one of the largest marina portfolio transactions in history. The deal's significance extends beyond its size, targeting a sector with compelling fundamentals and high barriers to entry.
The marina industry benefits from three key structural advantages: waterfront property availability creating natural supply constraints, steady recurring revenue from boat storage and services, and increasing demand driven by coastal migration patterns and growth in boat ownership. Safe Harbor's 138 locations provide Blackstone with an irreplaceable portfolio of water-adjacent real estate in premium locations.
The transaction demonstrates Blackstone's expertise in identifying sectors with multiple growth catalysts. The marina industry is experiencing a fundamental shift as aging marina owners seek exit opportunities, creating consolidation opportunities for institutional investors. This fragmentation presents significant value-creation potential through professional management, operational improvements, and economies of scale.
The deal aligns perfectly with Blackstone Infrastructure's portfolio construction strategy, which now spans data centers, marine terminals, and renewable energy. This diversification across essential infrastructure assets provides natural hedges against economic cycles while maintaining exposure to secular growth trends. The addition of Safe Harbor introduces a new uncorrelated revenue stream tied to leisure spending and coastal real estate appreciation.
Notably, Blackstone Infrastructure's 40% year-over-year growth to $55 billion in assets under management reflects their ability to identify and execute on large-scale opportunities in fragmented markets. This transaction further cements their position as a leading infrastructure investor while providing a platform for future marina industry consolidation.
Safe Harbor owns and operates 138 marinas across the
Commenting on the announcement, Heidi Boyd, Senior Managing Director in Blackstone’s infrastructure business said, “Marinas benefit from key long-term thematic tailwinds including the growth of travel and leisure as well as population inflows into coastal cities. We believe Safe Harbor is the best positioned company in this sector, and we look forward to working with their terrific team to invest behind their existing marinas and to expand their footprint.”
This transaction builds on Blackstone Infrastructure’s diverse portfolio and speaks to the strong momentum of the business, which has grown approximately
Wells Fargo served as lead financial advisor to Blackstone Infrastructure and provided committed financing for the transaction, while Gibson, Dunn & Crutcher LLP and Simpson Thacher & Bartlett LLP served as legal advisors.
About Blackstone Infrastructure
Blackstone Infrastructure is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors. We seek to apply a long-term buy-and-hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield. Our approach to infrastructure investing is one that focuses on responsible stewardship and stakeholder engagement to create value for our investors and the communities we serve.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250224590051/en/
Paula Chirhart
Paula.Chirhart@Blackstone.com
347-463-5453
Source: Blackstone
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