Written by 5 May 2021 | 11:45 (UTC)
Over the last three years, Safe Harbor Marina have been gradually expanding their portfolio of U.S. based marinas, now over 110 marinas throughout the country. The latest marina to be added to their group is the Lauderdale Marine Centre (LMC), following the acquisition which was closed this week. The transaction is reported to have been valued at approximately $340 million, and follows the announcement in January that the company had purchased the two Rybovich marina and service centres in Florida.
Photo: Lauderdale Marine CenterBased in Dallas, Texas, Safe Harbor is the largest owner and operator of marinas in the world. The acquisition of the Fort Lauderdale marina adds another very well renowned refit marina to the company s roster, with its wet slip and dry storage infrastructure of 106 slipways.
Dallas marina operator buys superyacht service center for $340 million
It marks the second major acquisition of 2021 for Safe Harbor Marinas.
Dallas-based Safe Harbor Marinas purchased the Lauderdale Marine Center in Fort Lauderdale, Fla., in May 2021 for $340 million.(Courtesy of Safe Harbor Marinas / Safe Harbor Marinas)
11:38 AM on May 4, 2021 CDT
Dallas-based Safe Harbor Marinas is acquiring its second superyacht service center this year with a $340 million deal for Lauderdale Marine Center in Ft. Lauderdale, Fla.
The transaction for the 60-acre service and repair facility closed Monday.
The marine center, founded in 1997, has 106 slips, employs more than 100 workers and houses hundreds of marine industry tenants and contractors.
Carlyle Group (Nasdaq: CG) sells Lauderdale Marine Center to Safe Harbor Marinas bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Lauderdale Marine Center Joins Safe Harbor Marinas
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DALLAS, May 4, 2021 /PRNewswire/ We are pleased to announce that Safe Harbor Marinas has acquired Lauderdale Marine Center ( LMC ), a premier US destination and service provider for the superyacht industry in Ft. Lauderdale, Florida. The transaction, valued at approximately $340 million, closed on May 3, 2021.
Safe Harbor Lauderdale Marine Center
In 1997, LMC brought a new vision to Broward County. That vision was to create the world s premier superyacht facility right in the heart of Fort Lauderdale. Through years of investment in wet slip and dry storage infrastructure, the team developed world-class operational capacity and honed a unique marketplace model. Today, LMC has a total of 106 slips, employs more than 100 full-time professionals and is home to hundreds of marine industry tenants and contractors.