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Suntex Marinas Acquires Loggerhead Marinas, with Eleven Florida Locations
Thursday 20 April 2017

20 April 2017 - US-based marina operator Suntex Marina Investors LLC has acquired the Florida, US-based Loggerhead Marina portfolio, the company said.

Under the terms of the agreement, eleven Loggerhead Marina properties located throughout Florida now join the Suntex portfolio.

With Loggerhead's combined 2,300 slips, located in luxury locations stretching from Miami to Daytona Beach and on Florida's west coast, this purchase makes Suntex Marinas the largest marina operator in Florida.

All Loggerhead marina locations are designated 'Clean Marinas' under the State's Clean Marina Program.

As part of the purchase, Suntex has committed to maintain a philanthropic partnership with Loggerhead Marinelife Center.

A "from rescue to release" non-profit facility focused on ocean and sea turtle conservation, the facility houses a variety of exhibits, other coastal creatures, and a working sea turtle hospital.

Providing outreach programmes and educational experiences for children, Loggerhead Marinelife Center hosts more than 300,000 guests per year, free of charge.

Suntex is now one of the largest corporate donors to Loggerhead Marinelife Center and its current capital campaign.

The Suntex portfolio of 43 marinas are located in Kentucky, Florida, Georgia, Iowa, Maryland, Massachusetts, New Jersey, New York, Texas, Virginia, Tennessee, and Oklahoma.

Suntex Marinas engages in the ownership and management of marina properties.

The company manages 43 marina properties in the United States.
Details
Date Published: 20/04/2017
Target: Loggerhead Marina
Country: USA
Sector: Water Transport
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Suntex Marina Investors
Comment:
Terms of the deal were not disclosed

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