Acquisition Articles
Safe Harbor Marinas, a pivotal player in the yachting industry, has been caught by the net of Blackstone Infrastructure funds in a lucrative $5.65 billion agreement. This substantial investment could cause significant ripples throughout the yachting sector, impacting competitors and market trends.
Heidi Boyd, a senior MD at Blackstone, highlighted how marinas are bolstered by increasing trends towards travel and leisure, as well as population inflows into coastal cities. She affirmed that Safe Harbor, renowned as the largest marina and superyacht servicing business in the US, is the best-positioned company in this sector. Boyd further expressed excitement about working with Safe Harbor’s remarkable team to invest in their existing marinas and expanding their reach.
What might have been a sinking ship, Nobiskrug Shipyard in Rendsburg, is now anchored firmly, with Lürssen Group at the helm. The Bremen-based firm has offered a lifeline to the insolvent shipyard by launching a bid to acquire its facilities and land.
Upon the deal’s closure, Nobiskrug will chart a new course, becoming part of its neighbour, the Lürssen-Kröger shipyard. The potential acquisition is a beacon of hope in straitened times, following reports that both FSG and Nobiskrug, linked to the contentious German businessman, Lars Windhorst, had entered insolvency.
Despite financial blows attributed to mismanagement, whispers of revival for the two historical yards are on the winds. The Rönner Group from Bremerhaven has pledged to continue operating the Flensburg shipyard, while Lürssen sets its sights on Nobiskrug.