Business Type: Marina Operator
UK & International Business Sales and M&A News
Suntex Marina Investors, the owner and operator of marina properties in the US, has acquired Lynn Creek Marina located on Joe Pool Lake in Grande Prairie, between Dallas and Fort Worth, Texas.
Joe Pool Lake at Lynn Creek Marina was built in 1989 by the Army Corp of Engineers, and has 7,500 acres of flood-controlled water and over 60 miles of shoreline.
The marina has 528 wet slips capable of accommodating vessels up to 50 feet and 116 dry storage stacks for boats up to 28 feet. Amenities include a complete ships’ store, a rental boat fleet, a gasoline dock, a boat ramp, covered slips and a full-service marine centre.
In addition, there is a 450-seat floating restaurant and bar, plus a golf driving range. Operating out of the marina is a 97-passenger capacity excursion boat equipped with slides, coolers, a Bluetooth stereo system, and BBQ.
Michael Warntjes, Senior Vice President, Operations, of Suntex Marinas, sees the acquisition as a time for development.
He said:
“We are excited to take over a staple on Joe Pool Lake in the heart of the southern Dallas suburbs.
“We anticipate infusing some immediate capital to improve the amenities and security for guests while focusing on the long-term development of the entire property. We are confident that Lynn Creek will be an excellent reflection of the Suntex experience when completed.”
Michael Warntjes – Senior Vice President, Operations of Suntex Marinas
Bryan Redmond, CEO of Suntex Marinas, sees the planned growth as an exciting prospect.
He commented:
“Our team is ecstatic to be partnering with the city of Grand Prairie to make Lynn Creek Marina a best-in-class waterfront experience and help bring Joe Pool Lake back into the destination lake the city would like to see for its community.
“We love the vision the city and its staff have set forth and are proud to be a part of helping to execute that vision.”
Bryan Redmond – CEO of Suntex Marinas
This latest move follows Suntex making a series of significant acquisitions in 2021. The Suntex portfolio includes marinas located in California, Florida, Georgia, Iowa, Kentucky, Maryland, New Jersey, Oklahoma, Texas, Tennessee, and Virginia.
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