M&A Deal Summary

Sun Communities Acquires Safe Harbor Marinas

On September 29, 2020, Sun Communities acquired marine company Safe Harbor Marinas for 2.1B USD

Acquisition Highlights
  • This is Sun Communities’ 1st transaction in the Marine sector.
  • This is Sun Communities’ largest (disclosed) transaction.
  • This is Sun Communities’ 2nd transaction in the United States.
  • This is Sun Communities’ 1st transaction in Texas.

M&A Deal Summary
Date 2020-09-29
Target Safe Harbor Marinas
Sector Marine
Buyer(s) Sun Communities
Deal Type Add-on Acquisition
Deal Value 2.1B USD
Advisor(s) Moelis & Co.
Citizens Capital Markets, Inc. (Financial)
Sidley
Duane Morris LLP (Legal)

Target

Safe Harbor Marinas

Dallas, Texas, United States
website
Safe Harbor Marinas LLC is an owner and operator of marinas. Safe Harbor Marinas owns and operates 101 marinas, manages five marinas on behalf of third parties, and has an approximate 40,000-member network of boat owners across 22 states.

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Buyer(S) 1

Buyer

Sun Communities

Southfield, Michigan, United States

website

Category Company
Sector Real Estate
Employees4,044
Revenue 1.4B USD (2020)
DESCRIPTION

Sun Communities owns, operates and develops MH and RV communities concentrated in the midwestern, southern and southeastern United States.

DEAL STATS #
Overall 2 of 3
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-22 Carefree Communities

Scottsdale, Arizona, United States

Carefree Communities, Inc. is an operator of destination RV parks and manufactured home communities.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Park Holidays

Bexhill-On-Sea, United Kingdom

Park Holidays is an operator of 25-holiday parks across the south of England. Caravan parks have a loyal and growing customer base which, combined with planning policies that restrict the development of new parks, results in a robust and resilient business model. Park Holidays was formed in 1984 and is based in Bexhill-On-Sea.

Buy £950M
Mergr

Product

Company

Legal