Bain Capital Real Estate and BlueWater Marinas have acquired Bayside Marine in Duxbury, Massachusetts. The acquisition adds a fifth property to the firms’ joint venture, which was established in 2024.
Bayside Marine is located on Duxbury Bay, with direct access to Cape Cod Bay, and serves boaters across the South Shore and the greater Cape Cod area. Founded in 1949, the marina provides storage, servicing and boat sales, and operates as an authorised Grady-White dealer.
Bain Capital and BlueWater formed their joint venture in 2024 to acquire and operate marina properties in established coastal markets along the US East Coast, with a focus on storage-centric facilities.
As of September 2025, Bain Capital Real Estate had invested and committed more than $10.7 billion USD in equity across multiple property sectors. Bain Capital manages approximately $215 billion in assets globally.
Andrew Terris, a partner at Bain Capital Real Estate, said: “Bayside represents a compelling opportunity to invest in a high-quality, full-service marina that expands our presence in the Northeast. This asset pairs well with our acquisition of Glyn’s Marine on Nantucket and reflects our strategy of building a portfolio of outstanding marina properties along the East Coast.”
Joe Miller, a principal at BlueWater Marinas, said: “Bayside Marine is a highly respected, deeply rooted business within the New England boating community. The property’s wide scope of services, attractive location and multi-generational legacy align well with our approach to investing in high-quality marina operations in key coastal markets. We look forward to supporting the Kents and their team in continuing to deliver exceptional customer experience as they stay on to lead the day-to-day operations of the business.”
The acquisition follows the January 2026 purchase of Kent Narrows Boatel in Maryland. Other portfolio locations include Harbor at Lemon Bay in Englewood, Florida; Boathouse Marine Center in Pompano Beach, Florida; and Glyn’s Marine in Nantucket, Massachusetts.
