M&A Deal Summary

The Blackstone Group Acquires Safe Harbor Marinas

On February 24, 2025, private equity firm The Blackstone Group acquired marine company Safe Harbor Marinas from Sun Communities for 5.7B USD

Acquisition Highlights
  • This is The Blackstone Group’s 2nd transaction in the Marine sector.
  • This is The Blackstone Group’s 27th largest (disclosed) transaction.
  • This is The Blackstone Group’s 222nd transaction in the United States.
  • This is The Blackstone Group’s 35th transaction in Texas.

M&A Deal Summary

Date 2025-02-24
Target Safe Harbor Marinas
Sector Marine
Buyer(s) The Blackstone Group
Sellers(s) Sun Communities
Deal Type Divestiture
Deal Value 5.7B USD

Target

Safe Harbor Marinas

Dallas, Texas, United States
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.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 352 of 362
Sector: Marine M&A 2 of 2
Type: Divestiture M&A Deals 33 of 34
State: Texas M&A 35 of 37
Country: United States M&A 222 of 230
Year: 2025 M&A 6 of 16
Size (of disclosed) 27 of 183
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-24 Stronvar Aerospace

South Windsor, Connecticut, United States

Stronvar Aerospace builds a high-performing group serving the aero-engine supply chain. Stronvar Aerospace is based in South Windsor, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-03 First Eagle Investment Management

New York, New York, United States

First Eagle Investment Management is an asset management firm which manages assets on behalf of institutional and individual clients. With the core purpose of providing prudent stewardship of its clients’ assets, the Firm is focused on fundamental, flexible and benchmark-agnostic investing, including strategies which seek to provide clients with downside protection. First Eagle Investment Management was founded in 1864 and is based in New York, New York.

Sell -

Seller(S) 1

SELLER

Sun Communities

Southfield, Michigan, United States

Category Company
Sector Real Estate
Employees6,491
Revenue 3.2B USD (2024)
DESCRIPTION

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


DEAL STATS #
Overall 1 of 1
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS 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