Safe Harbor Cape Harbour, Cape Coral, Florida

Blackstone Infrastructure to Acquire Safe Harbor Marinas in $5.65B Transaction

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Blackstone announced that funds managed by Blackstone Infrastructure (“Blackstone”) have agreed to acquire Safe Harbor Marinas (“Safe Harbor”), the largest marina and superyacht servicing business in the United States, from Sun Communities, Inc. for $5.65 billion.

Safe Harbor owns and operates 138 marinas across the U.S. and Puerto Rico and is the industry leader in the boat storage and servicing industry.

Commenting on the announcement, Heidi Boyd, Senior Managing Director in Blackstone’s infrastructure business said, “Marinas benefit from key long-term thematic tailwinds including the growth of travel and leisure as well as population inflows into coastal cities. We believe Safe Harbor is the best positioned company in this sector, and we look forward to working with their terrific team to invest behind their existing marinas and to expand their footprint.”


This transaction builds on Blackstone Infrastructure’s diverse portfolio and speaks to the strong momentum of the business, which has grown approximately 40% year-over-year since inception, now managing $55 billion of assets (figures as of December 31, 2024). Blackstone Infrastructure invests in leading companies in sectors with strong tailwinds, and its portfolio companies include: QTS, the largest data center provider in the US; AirTrunk, the largest data center platform in the Asia-Pacific region; Carrix, the largest marine terminal operator in North America; Invenergy, the largest private renewables developer in the United States, among many others.


Wells Fargo served as lead financial advisor to Blackstone Infrastructure and provided committed financing for the transaction, while Gibson, Dunn & Crutcher LLP and Simpson Thacher & Bartlett LLP served as legal advisors.

About Blackstone Infrastructure

Blackstone Infrastructure is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors. We seek to apply a long-term buy-and-hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield. Our approach to infrastructure investing is one that focuses on responsible stewardship and stakeholder engagement to create value for our investors and the communities we serve. 

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JST Team Staff Official

Meet Isabella R., a passionate communicator with a Master's degree in Communication Studies from Kansas. With a keen eye for fashion and a love for luxurious cars, she blends her interest in real estate with the passion for holidays and quality conversations. When she's not exploring new trends or planning her next getaway, you'll find her engrossed in timeless old movies, appreciating the classics that have shaped cinema. Isabella R. embodies a unique blend of intellect and style, always ready to connect and inspire.

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6 comments
    • JST Team Staff Official
      May 3, 2025 at 5:23 pm

      Thank you, Kevin for your kind words!
      Blackstone announced that funds managed by Blackstone Infrastructure have completed their acquisition of Safe Harbor Marinas, the largest marina and superyacht servicing business in the United States, from Sun Communities, Inc. for $5.65 billion. Heidi Boyd, a Senior Managing Director in Blackstone’s infrastructure business, said, “We’re pleased to close this transaction and look forward to working with Safe Harbor’s terrific team to further develop their existing marinas and strategically scale their platform.”
      “Blackstone offers a world of opportunity to Safe Harbor, and we couldn’t be more excited for the journey ahead,” said Baxter Underwood, CEO of Safe Harbor. “We are eager to pursue growth opportunities while maintaining our people-first culture and strong relationships with the local communities in which we operate, and we thank Sun Communities for its partnership over the past five years.”

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