Blackstone Infrastructure Acquires Safe Harbor Marinas

Blackstone Infrastructure has agreed to acquire Safe Harbor Marinas from Sun Communities, Inc. for $5.65 billion.

Safe Harbor, which is based in Dallas, Texas, owns and operates 138 marinas across the United States and Puerto Rico. Sun Communities acquired Safe Harbor in 2020 for $2.1 billion.

“Marinas benefit from key long-term thematic tailwinds including the growth of travel and leisure as well as population inflows into coastal cities,” said Heidi Boyd, senior managing director in Blackstone’s infrastructure business, in a statement. “We believe Safe Harbor is the best positioned company in this sector, and we look forward to working with their terrific team to invest behind their existing marinas and to expand their footprint.”

Blackstone Infrastructure invests in energy, transportation, digital infrastructure and water and waste infrastructure sectors. According to the company, this transaction builds on Blackstone Infrastructure’s diverse portfolio, which has grown approximately 40% year-over-year since inception. As of December 31, 2024, the company manages $55 billion in assets.