Southern Marinas has announced a recapitalization led by Stonepeak, effectuated as a sale by affiliates of KSL Capital Partners to Stonepeak. The transaction has closed, and additional terms were not disclosed.
Founded in 2018, Southern Marinas owns and operates a portfolio of 16 marinas across eight U.S. states, including Florida, Idaho, Missouri, New Jersey, New York, North Carolina, Tennessee, and Washington. The company’s storage operations include more than 6,700 slips, supported by ancillary services such as fuel, boat rentals, and marine service.
Southern Marinas also announced the acquisition of F3 Marina, a 59,000-square-foot facility located in Fort Lauderdale, Florida, marking the latest addition to its portfolio.
According to the announcement, Stonepeak will provide capital to support Southern Marinas’ continued growth and expansion. Advisory firms involved in the transaction included PJT Partners and Lazard Frères & Co., with legal counsel provided by Simpson Thacher & Bartlett LLP and Hogan Lovells.
Southern Marinas is led by a management team with more than 75 years of combined experience in marina acquisition and operations.
Source: Stonepeak — Official Announcement