Suntex Marina Investors, LLC (Suntex) is a leading owner and operator of premier marina properties across the United States. The company has demonstrated significant growth through strategic acquisitions and partnerships, solidifying its position in the marina industry.
Company Overview
Suntex Marinas specializes in the ownership and management of high-quality marina properties, offering a range of services including wet and dry storage, fueling stations, boat rentals, and various amenities tailored to enhance the boating experience. The company's portfolio spans multiple states, reflecting its commitment to providing exceptional services to boating enthusiasts nationwide.
Recent Developments
- Joint Venture with Centerbridge Partners: In April 2024, Suntex announced a joint venture with Centerbridge Partners, L.P., aiming to acquire over $1.25 billion in new marinas across the U.S. This partnership focuses on new acquisitions, capital improvements, and development projects, with Suntex managing day-to-day operations.
- Acquisition of Lighthouse Point Marina & Yacht Club: In March 2024, Suntex expanded its Northeast portfolio by acquiring Lighthouse Point Marina & Yacht Club in Toms River, New Jersey. This full-service marina offers 243 wet slips and 38 jetski slips, along with amenities such as a boatyard, pool, and game room.
- Expansion into the Florida Panhandle: In October 2022, Suntex acquired Legendary Marina in Destin, Florida, one of the largest dry storage facilities in the U.S., accommodating 780 vessels. The marina features amenities like a private bar, gym, infinity pool, and a mural recognized as a historical landmark.
- Entry into the California Market: Also in October 2022, Suntex entered the coastal California market by acquiring Seaside Boatyard & Marina in Oxnard. This 17.1-acre facility includes a 122-slip marina and a 490-space dry storage facility, offering comprehensive boatyard services.
Industry Context
The marina industry has experienced robust growth, driven by increased interest in boating and water-based recreation. The acquisition of Safe Harbor Marinas by Blackstone for $5.65 billion in February 2025 underscores the sector's attractiveness and the trend toward consolidation. This environment presents opportunities for companies like Suntex to expand and enhance their offerings.
