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Safe Harbor Adds Lauderdale Marine Center
Author:
Lauderdale Marine Center offers extensive repair and refit services and is a Foreign Trade Zone an advantage to brokers and buyers, as foreign-flagged yachts can be shown for sale within the FTZ.
“We are excited to bring Lauderdale Marine Center and their talented team into the Safe Harbor family,” CEO Baxter Underwood said in the statement. “LMC is now connected to our network of superyacht facilities at West Palm Beach, Riviera Beach, Old Port Cove, Charleston City and Newport Shipyard, and will help us further grow along the East Coast.”
Last September, real estate investment trust Sun Communities acquired Safe Harbor Marinas for $2.11 billion.
Written by 5 May 2021 | 11:45 (UTC)
Over the last three years, Safe Harbor Marina have been gradually expanding their portfolio of U.S. based marinas, now over 110 marinas throughout the country. The latest marina to be added to their group is the Lauderdale Marine Centre (LMC), following the acquisition which was closed this week. The transaction is reported to have been valued at approximately $340 million, and follows the announcement in January that the company had purchased the two Rybovich marina and service centres in Florida.
Photo: Lauderdale Marine CenterBased in Dallas, Texas, Safe Harbor is the largest owner and operator of marinas in the world. The acquisition of the Fort Lauderdale marina adds another very well renowned refit marina to the company s roster, with its wet slip and dry storage infrastructure of 106 slipways.