Safe Harbor acquires US superyacht repair yard

3rd April 2023

Safe Harbor acquires US superyacht repair yard

Savannah Yacht Center, a deep water maintenance, repair and refit facility in Georgia, US, has been acquired by marina operator Safe Harbor Marinas.

The transaction saw consideration take the form of securities in Safe Harbor’s parent company, Sun Communities Inc. The superyacht repair yard facility is expected to remain in operation as ownership changes hands, and its 50 employees will now work for Safe Harbor Marinas.

Baxter Underwood, CEO of Safe Harbor Marinas, said:

The Savannah Yacht Center includes a 140-metre graving dock, a 3,240-ton shiplift, and 366 metres of floating docks that can accommodate eight 80-metre superyachts. The superyacht repair yard also has machine and fabrication shops, plus paint support facilities on site.

Christian Demere, President and CEO of the shipyard’s former parent company Colonial Group, Inc., commented:

The marina operator has 135 locations in its portfolio, including dry docks and lifting gear, a superyacht fuel program, and service / refit systems.

Tim Sargent, EVP of International Operations at Safe Harbor Marinas, concluded:

About Safe Harbor Marinas About Savannah Yacht Center


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