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Home Business

Blackstone expands leisure portfolio with $5.65bn Safe Harbor Marinas deal

David Ijaseun by David Ijaseun
February 27, 2025
in Business
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Blackstone Infrastructure acquires Safe Harbor Marinas

Blackstone Infrastructure acquires Safe Harbor Marinas

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Blackstone Infrastructure has agreed to acquire Safe Harbor Marinas for $5.65 billion, expanding its footprint in the booming leisure and travel sector. Safe Harbor operates 138 marinas across the U.S. and Puerto Rico, making it the world’s largest owner of marinas.

The deal strengthens Blackstone Infrastructure’s portfolio, which has grown 40% year-over-year, managing $55 billion in assets as of December 31, 2024. The firm has been aggressively investing in high-growth infrastructure sectors, including data centers, marine terminals, and renewable energy.

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Wells Fargo led the financing, while Gibson, Dunn & Crutcher LLP and Simpson Thacher & Bartlett LLP served as legal advisors. The acquisition capitalizes on rising demand for boating and waterfront properties, driven by increased migration to coastal cities.

“Marinas are benefiting from strong long-term trends, including the growth of travel and leisure,” said Heidi Boyd, Senior Managing Director at Blackstone Infrastructure. “Safe Harbor is the best-positioned player in this space, and we’re excited to invest in its future.”

Read more on How Lazzara created a 100-foot superyacht worth $15m

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