Blackstone Finalizes Acquisition of Safe Harbor Marinas

Blackstone announced that funds managed by Blackstone Infrastructure have completed their acquisition of Safe Harbor Marinas the largest marina and superyacht servicing business in the United States, from Sun Communities, Inc. for $5.65 billion.

“Blackstone offers a world of opportunity to Safe Harbor, and we couldn’t be more excited for the journey ahead,” said Baxter Underwood, CEO of Safe Harbor. “We are eager to pursue growth opportunities while maintaining our people-first culture and strong relationships with the local communities in which we operate, and we thank Sun Communities for its partnership over the past five years.”

The transaction was previously announced on February 24, 2025.

Wells Fargo, J.P. Morgan Securities LLC, and Goldman Sachs & Co. LLC served as financial advisors to Blackstone Infrastructure, while Gibson, Dunn & Crutcher LLP and Simpson Thacher & Bartlett LLP served as legal advisors.