Suntex Finalizes Acquisition of Oakland Marinas

Suntex Marina Investors, LLC (Suntex), the largest standalone recreational marina owner in the United States by marina count and boat slips, has completed the process of joining forces with Almar Marinas through the acquisition of four marinas located in Oakland that had been pending.

These four marinas in Oakland include Jack London Square Marina, North Basin Marina, Central Basin Marina and Union Point Marina, which join several other properties that merged with the Suntex portfolio in March. The complete portfolio includes Marina Del Rey Marina in Marina Del Rey, California; Peninsula Yacht Marina in Channel Islands Harbor, California; Bahia Marina in Channel Islands Harbor, California; Westport Marina in Channel Islands Harbor, California; and the management company.

Founded in 1974, Almar is the largest operator of coastal marinas on the west coast of the United States. Almar prides itself on taking a customer-centric approach both with boaters and third-party marina owners.

The Suntex portfolio includes marinas located in Arizona, California, Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, Missouri, New Jersey, New York, Oklahoma, Texas, Tennessee and Virginia. For more information on Suntex Marina Investors LLC, or the complete portfolio of Suntex Marinas, please contact or visit www.suntex.com.