Sun Communities Acquires Safe Harbor Marinas for $2.11 Billion
September 29, 2020
Sun Communities, Inc. entered into a definitive agreement to acquire Safe Harbor Marinas, LLC for an aggregate purchase price of approximately $2.11 billion. Safe Harbor will operate as a standalone subsidiary led by its existing management team, providing Sun with a new marina platform that diversifies its geographic and customer footprint and is expected to be accretive to 2021 Core FFO per share.
- Buyers
- Sun Communities, Inc.
- Targets
- Safe Harbor Marinas, LLC
- Sellers
- American Infrastructure Funds, Koch Real Estate Investments, Weatherford Capital, Guggenheim Partners
- Industry
- Real Estate
- Location
- United States
- Transaction Type
- Buyout
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Related Acquisitions
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Blackstone Infrastructure Acquires Safe Harbor Marinas from Sun Communities for $5.65B
April 30, 2025
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Funds managed by Blackstone Infrastructure have completed the $5.65 billion acquisition of Safe Harbor Marinas, the largest marina and superyacht servicing business in the United States, from Sun Communities. Blackstone said it will work with Safe Harbor's management to develop existing marinas and strategically scale the platform.
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Safe Harbor Marinas (Sun Communities) Acquires Savannah Yacht Center from Colonial Group
March 23, 2023
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Safe Harbor Marinas has acquired the Savannah Yacht Center from Colonial Group, Inc.; consideration for the transaction was paid in securities of Safe Harbor’s parent company, Sun Communities Inc. The facility — which can accommodate the largest superyachts and includes a 140-meter graving dock, a 3,240-ton shiplift and extensive floating docks — will continue operations and its ~50 employees will join Safe Harbor.
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Safe Harbor Marinas Acquires Monaco Marine
July 31, 2025
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Safe Harbor Marinas has acquired Monaco Marine, expanding its footprint into the Mediterranean with nine marina and shipyard locations across the South of France and Monaco that provide slips, storage and refit/maintenance services for vessels up to 90 meters. The deal increases Safe Harbor’s global portfolio to 149 marinas and shipyards and extends its service offering into premier Mediterranean yachting destinations such as Saint-Tropez, Antibes and Monaco.
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Safe Harbor Marinas Acquires Chula Vista Marina and Marina Bay Yacht Harbor
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Safe Harbor Marinas has acquired Chula Vista Marina (Chula Vista, CA) and Marina Bay Yacht Harbor (Richmond, CA), adding roughly 1,450 slips to its California network. The purchases expand Safe Harbor’s presence in California and increase its total marina capacity as the operator continues to grow its national marina platform.
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Safe Harbor Marinas Acquires Port Annapolis
November 11, 2025
Real Estate
Safe Harbor Marinas closed its acquisition of Port Annapolis (a 16-acre, 250-slip marina and boatyard) on November 11, 2025, adding the facility to its global portfolio. As a result, subsidiary Bluewater Yacht Sales will relocate operations to the Port Annapolis site to expand storage, service capabilities, and yacht sales presence in the Annapolis/Chesapeake Bay market.
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Hub International Acquires Assets of Safe Harbour Group, Ltd.
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Hub International Limited acquired the assets of Safe Harbour Group, Ltd., an independent insurance agency based in New City, New York. The Safe Harbour team will join Hub Northeast to strengthen Hub’s real estate and specialty insurance capabilities; terms were not disclosed.
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