Acquisition Articles
Squircle Capital, a prominent force in the investment realm, has rattled the marine industry with its latest business move. Making a splash much like a galleon in full sail, the investment firm has propelled itself to the helm of the MB92 Group by obtaining 100% ownership.
MB92 Group is renowned for its world-class refit shipyard, now fully under the controlling stake of Squircle Capital. This powerful statement of confidence by the behemoth investment firm stands to significantly shift gears in the marine industry.
Historically, Squircle Capital was the group’s leading shareholder. Now, with the entire ownership in its hands, the firm intensifies its foray into the maritime business, strengthening its already impressive portfolio.
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.