Koch Invests in Safe Harbor Marinas

Koch Real Estate Investments, an affiliate of Koch Industries, Inc. has invested in Safe Harbor Marinas. Safe Harbor owns and operates marinas in 18 states across the country and has more than 30,000 members.

“We are excited to welcome Koch to our team,” said Baxter Underwood, CEO of Safe Harbor Marinas. “We spent several months evaluating potential investment partners for the next phase of our company’s growth and development; Koch emerged as the favorite given their long-term perspective, high standard of excellence, and integrity. Together, we will continue building something truly special in this industry.”

Koch Real Estate Investments, based in Dallas, Texas, has invested about $80 billion in acquisitions and other capital expenditures since its formation in 2003. For Koch, the investment in Safe Harbor represents acknowledgment of the company’s considerable potential for growth. “We like the assets, the management team, and the industry,” said Jake Francis, managing director of Koch Real Estate Investments.

Goldman Sachs & Co., LLC acted as exclusive financial advisor to Safe Harbor Marinas. Jones Day and Latham & Watkins served as legal counsel to Koch Industries and Safe Harbor Marinas, respectively. Additional terms of the investment were not disclosed.