Blackstone Acquires Safe Harbor Marinas for $5.65 Billion

27 Feb 2025 CW Team

Blackstone Infrastructure has announced the acquisition of Safe Harbor Marinas, the largest marina and superyacht servicing company in the United States, from Sun Communities, Inc. for $5.65 billion.

Safe Harbor operates 138 marinas across the U.S. and Puerto Rico, leading the boat storage and servicing industry. The investment strengthens Blackstone Infrastructure鈥檚 portfolio, which has expanded 40% year-over-year, managing $55 billion in assets as of December 31, 2024.

Strategic Growth in Leisure and Coastal Development Heidi Boyd, Senior Managing Director at Blackstone Infrastructure, emphasized the sector鈥檚 strong market potential.

鈥淢arinas 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.鈥�

This acquisition aligns with Blackstone鈥檚 strategy of investing in high-growth infrastructure sectors. The firm鈥檚 portfolio includes QTS, the largest U.S. data center provider; AirTrunk, the leading Asia-Pacific data center platform; Carrix, North America鈥檚 top marine terminal operator; and Invenergy, the largest private renewables developer in the U.S.

Advisors and Financial Support Wells Fargo served as the lead financial advisor, providing committed financing for the transaction. Legal advisory was handled by Gibson, Dunn & Crutcher LLP and Simpson Thacher & Bartlett LLP.

Blackstone鈥檚 Infrastructure Vision Blackstone Infrastructure focuses on energy, transportation, digital infrastructure, and water and waste management. With a long-term investment approach, it aims to enhance large-scale assets while ensuring sustainable growth and stakeholder value.

This latest acquisition underscores Blackstone鈥檚 commitment to high-value, long-term infrastructure investments, reinforcing its position as a leader in the global infrastructure market.

Image Source:www.forbes.com

Blackstone Infrastructure has announced the acquisition of Safe Harbor Marinas, the largest marina and superyacht servicing company in the United States, from Sun Communities, Inc. for $5.65 billion. Safe Harbor operates 138 marinas across the U.S. and Puerto Rico, leading the boat storage and servicing industry. The investment strengthens Blackstone Infrastructure鈥檚 portfolio, which has expanded 40% year-over-year, managing $55 billion in assets as of December 31, 2024. Strategic Growth in Leisure and Coastal Development Heidi Boyd, Senior Managing Director at Blackstone Infrastructure, emphasized the sector鈥檚 strong market potential. 鈥淢arinas 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.鈥� This acquisition aligns with Blackstone鈥檚 strategy of investing in high-growth infrastructure sectors. The firm鈥檚 portfolio includes QTS, the largest U.S. data center provider; AirTrunk, the leading Asia-Pacific data center platform; Carrix, North America鈥檚 top marine terminal operator; and Invenergy, the largest private renewables developer in the U.S. Advisors and Financial Support Wells Fargo served as the lead financial advisor, providing committed financing for the transaction. Legal advisory was handled by Gibson, Dunn & Crutcher LLP and Simpson Thacher & Bartlett LLP. Blackstone鈥檚 Infrastructure Vision Blackstone Infrastructure focuses on energy, transportation, digital infrastructure, and water and waste management. With a long-term investment approach, it aims to enhance large-scale assets while ensuring sustainable growth and stakeholder value. This latest acquisition underscores Blackstone鈥檚 commitment to high-value, long-term infrastructure investments, reinforcing its position as a leader in the global infrastructure market.Image Source:www.forbes.com

Infrastructure Transport

15 May 2025

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Infrastructure Transport

15 May 2025

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...

Infrastructure Urban

15 May 2025

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..