M&A Deal Summary

PORT 32 Acquires Walker Marine - Three Marinas

On August 10, 2021, PORT 32 acquired marine company Walker Marine - Three Marinas from Walker Marine Group

Acquisition Highlights
  • This is PORT 32’s 1st transaction in the Marine sector.
  • This is PORT 32’s 1st transaction in the United States.
  • This is PORT 32’s 1st transaction in Florida.

M&A Deal Summary

Date 2021-08-10
Target Walker Marine - Three Marinas
Sector Marine
Buyer(s) PORT 32
Sellers(s) Walker Marine Group
Deal Type Divestiture

Target

Walker Marine - Three Marinas

Marco Island, Florida, United States
The Walker Marinas include approximately 1,015 slips and offer a variety of marine-related amenities.

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Buyer(S) 1

Buyer

PORT 32

Charleston, South Carolina, United States

Category Company
Sector Marine
DESCRIPTION

PORT 32 is an owner, operator, developer, and acquirer of dry and wet slip coastal marina assets. PORT 32 provides expertise in the development and management of marina assets to bring customers an unparalleled level of service within the marina industry. PORT 32 owns and operates a growing collection of irreplaceable Class A marina assets in premier markets. PORT 32 is based in Charleston, South Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Walker Marine Group

Marco Island, Florida, United States

Category Company
Sector Marine
DESCRIPTION

Walker Marine Group is an operator of a boat company that has five locations in southwest Florida to serve its established and growing customer base with new and pre-owned boat sales, quality service and parts, as well as finance and insurance services. In addition, Walker Marine Group is an authorized dealer for many premier brands, including Pursuit, Tiara Yachts, Tiara Sport, Regal, Chris Craft, Hewes, Cobia, Maverick, Pathfinder, SeaHunt, and Yamaha Boats. Walker Marine Group is based in Marco Island, Florida.


DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1