PENSACOLA, Fla., October 27, 2025 — David Kendall, CCIM, Senior Advisor and national marina specialist with SVN Marinas, 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, to Ashley Marine, LLC. The transaction closed on October 24, 2025, with Kendall serving as the exclusive advisor to the seller.
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 the saltwater inshore and freshwater fishing markets, becoming a top regional dealer for several leading brands. In 2023, L&M Marine expanded its operations with a satellite location at Day Break Marina in Pensacola, adding a focus on offshore vessels and further extending its presence throughout the Gulf Coast boating community. The Stapleton showroom and service center, strategically located on Highway 59 just north of I-10, serves a strong and loyal customer base spanning from Pensacola, Florida to Mobile and Gulf Shores, Alabama.
Ashley Marine, a family-owned marine dealer with multiple locations across Florida, Alabama, and Georgia, offers a wide selection of new and pre-owned boats, including bay boats, skiffs, offshore boats, aluminum boats, and pontoons from brands such as Xpress, Carolina Skiff, and Excel. With a long-standing commitment to exceptional customer service, Ashley Marine has earned a reputation as one of the Southeast’s most trusted names in recreational boating.
“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. Backed by the global SVN® network of more than 2,000 advisors in over 200 offices, SVN Marinas delivers unmatched market reach, transactional expertise, and results for marina and marine business owners nationwide. The firm has successfully represented many of the most notable marina and marine business transactions across the country, solidifying its reputation as the trusted advisor to both buyers and sellers in the marine industry.
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Media Contact:
Stacey Schramm
SVN Marinas
Stacey.Schramm@svn.com