Company: Lauderdale Marine Center, Safe Harbor Marinas
Business Type: Marina Operator
UK & International Business Sales and M&A News
Safe Harbour Marinas, the world’s largest marina operator, has acquired Lauderdale Marine Center ('LMC'), a premier US destination and service provider for the superyacht industry in Fort Lauderdale, Florida.
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.
Baxter Underwood, CEO of Safe Harbor Marinas commented:
“We are excited to bring Lauderdale Marine Center and their talented team into the Safe Harbor family.
“LMC is now connected to our network of superyacht facilities at West Palm Beach, Riviera Beach, Old Port Cove, Charleston City, and Newport Shipyard and will help us further grow along the East Coast by providing a world class 60-acre service and repair facility for our members.”
Baxter Underwood – CEO of Safe Harbor Marinas
Safe Harbor Marinas is the largest marina operator and owner in the world. Based in Dallas, Texas, the company is dedicated to providing exceptional service and memorable experiences to the global boating community. With the closing of this transaction, Safe Harbor now owns and operates more than 115 marinas in 22 states.
The transaction was valued at approximately $340 million.
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