Investment Articles
The yachting world is currently navigating choppy waters, with unexpected manoeuvres taking everyone by surprise. The latest headline dweller is Fairline, an internationally acclaimed yacht manufacturer renowned for its exquisite craftsmanship, technological prowess, and sheer aquatic prowess. In what many industry veterans are describing as a significant tidal shift, the illustrious boatmaker has been sold to an all-new set of investors.
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.