Add-on Acquisition • Marine

Safe Harbor Marinas Acquires Lauderdale Marine Center

On May 4, 2021, Safe Harbor Marinas acquired marine company Lauderdale Marine Center from The Carlyle Group for 340M USD

Acquisition Context
  • This is Safe Harbor Marinas’ 3rd transaction in the Marine sector.
  • This is Safe Harbor Marinas’ largest (disclosed) transaction.
  • This is Safe Harbor Marinas’ 4th transaction in the United States.
  • This is Safe Harbor Marinas’ 2nd transaction in Florida.

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M&A Deal Summary

Date May 4, 2021
Target Lauderdale Marine Center
Sector Marine
Buyer(s) Safe Harbor Marinas
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 340M USD

Target Company

Lauderdale Marine Center

Ft. Lauderdale, Florida, United States
Lauderdale Marine Center is a premier US destination and service provider for the superyacht industry. Located in Fort Lauderdale on the New River, visible from I-95 and close to Fort Lauderdale/Hollywood International Airport, LMC is a 50-acre facility consisting of a boatyard, marina, and marine service center. It accommodates boats up to 200 feet with 19 covered sheds and 156 wet slips, has three marine travel lifts with a haul-out capacity of up to 330 tons, and features 7,000 linear feet of dockage. LMC’s business model includes leasing workspace and commercial office space to approximately 60 on-site contractors providing various marine-related services such as fiberglass repair, electrical, painting, brokerage, and insurance.
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Buyer Overview 1

Buyer

Safe Harbor Marinas

Dallas, Texas, United States

Category Company
Founded 2015
Sector Marine
DESCRIPTION

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. Safe Harbor Marinas was founded in 2015 and is based in Dallas, Texas.


Deal Context for Buyer #
Overall 4 of 8
Sector: Marine 3 of 7
Type: Add-on Acquisition 4 of 8
State: Florida 2 of 2
Country: United States 4 of 7
Year: 2021 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-14 Peninsula Yacht Club

Cornelius, North Carolina, United States

Peninsula Yacht Club is a provider of lakefront dining, entertainment, and recreation. Peninsula Yacht Club was founded in 1974 and is based in Cornelius, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-14 Chula Vista Marina

Chula Vista, California, United States

Chula Vista Marina is a provider of marine services to boaters under 600 slips and can accommodate vessels up to 120 feet in length. Chula Vista Marina is based in Chula Vista, California.

Buy -

Seller Profile 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


Deal Context for Seller #
Overall 419 of 490
Sector: Marine 4 of 5
Type: Add-on Acquisition 178 of 203
State: Florida 8 of 11
Country: United States 229 of 261
Year: 2021 10 of 29
Size (of disclosed) 75 of 138
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Unchained Labs

Pleasanton, California, United States

Unchained Labs is a life science tools company focused on solving problems for biologics and gene therapy researchers. Unchained systems are used by biopharma researchers around the world to analyze and characterize large, complex molecules and to make their research jobs easier. Unchained Labs was founded in 2015 and is based in Pleasanton, California.

Buy $435M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 NetMotion Software

Seattle, Washington, United States

NetMotion Software is a privately held software company that develops software for organizations with mobile workforces, focusing on security, management, and optimization of their wireless data deployments. NetMotion Software was founded in 2001 and is based in Seattle, Washington.

Sell $340M