PENSACOLA, Fla., October 27, 2025 — David Kendall, CCIM, Senior Advisor and national marina and marine dealership specialist with SVN Marinas, has announced the successful sale of L&M Marine, a premier full-service marine dealership headquartered in Stapleton, Alabama, with a satellite location at Day Break Marina on Bayou Chico in Pensacola, Florida. The transaction closed on October 24, 2025, with Kendall serving as the exclusive advisor to the seller.
About L&M Marine: A Leading Gulf Coast Marine Dealership
Founded in 1985, L&M Marine began as a locally owned specialty marine shop and has grown into one of the largest multi-line outboard dealerships in the Gulf Coast region. The company built its reputation serving both saltwater inshore and freshwater fishing markets, becoming a top regional dealer for several leading national brands.
In 2023, L&M Marine expanded with a satellite location at Day Break Marina in Pensacola, strengthening its reach in the offshore vessel market and extending its footprint throughout the Gulf Coast boating community. Its Stapleton showroom and service center—strategically located on Highway 59 just north of I-10—serves a loyal customer base spanning from Pensacola, Florida, to Mobile and Gulf Shores, Alabama.
About Ashley Marine: A Growing Southeastern Dealer Network
Ashley Marine, a family-owned marine dealership with multiple locations across Florida, Alabama, and Georgia, offers an extensive inventory of new and pre-owned boats, including bay boats, skiffs, offshore vessels, aluminum boats, and pontoons. Representing industry-leading brands such as Xpress, Carolina Skiff, and Excel, Ashley Marine is widely recognized for its long-standing commitment to customer service and has earned a reputation as one of the Southeast’s most trusted names in recreational boating.
Advisor Statement From David Kendall, CCIM
“L&M Marine has a long and cherished history in the Gulf Shores–Mobile market, and this acquisition ensures that its legacy will continue under the stewardship of a well-respected and growth-minded operator,” said Kendall. “It was a privilege to represent such a distinguished marine dealer and connect them with a buyer whose values and vision align with L&M’s long-standing reputation for excellence.”
Kendall, a nationally recognized expert in marina and marine real estate, is uniquely qualified to advise on complex dealership transactions and has successfully represented similar marine business sales across the country.
About SVN Marinas
The Nation’s Leading Marina Brokerage Team
SVN Marinas is the premier brokerage platform dedicated exclusively to marina, shipyard, and marine business investment sales. Supported by the global SVN® network of more than 2,000 advisors in over 200 offices, SVN Marinas delivers unmatched market reach, transactional experience, and results for marina and marine business owners nationwide.
The SVN Marinas team has successfully represented many of the most notable marina and marine business transactions across the country, reinforcing its reputation as the trusted advisor to both buyers and sellers in the marine industry.
Learn more at www.svnmarinas.com.
Media Contact
Stacey Schramm
SVN Marinas
Stacey.Schramm@svn.com