Through a confidential sale process, Marina Brokerage Advisors represented the seller of Port Harbor Marine, a marina and boat dealership operator running three marinas and six sales locations across Maine and Massachusetts. Its history spans more than 50 years, beginning as a small South Portland marina and later extending to boat sales, servicing and storage across the Northeast.
According to the brokerage firm, the sale covers Spring Point Marina and Breakwater Marina in South Portland and Jordan Bay Marina on Sebago Lake in Raymond. The three marinas anchor a network of more than 2,400 rentable units across wet slips, rack storage and indoor boat storage, supported by a full-service department and dealerships representing more than a dozen boat brands.
The marina operations developed over five decades, beginning in 1974 after Robert C. Soucy Sr. acquired a small marina on the South Portland waterfront. The property had fewer than 20 usable boat slips at the time, which Soucy later expanded to 30 slips and moorings. In 1979, the company secured the right to develop a new marina in South Portland and relocated to Spring Point Drive the following year, establishing Spring Point Marina on a six-acre property with 250 slips and more than 18,000sqft (1,672sqm) of buildings.
The company’s marina operations expanded to the nearby Breakwater Marina in 1993, when Port Harbor Marine acquired 104 of its 121 boat slips. The company also acquired Jordan Bay Marina and renovated the facility to expand its operations and storage areas before adding 50 boat slips in 2020.
Port Harbor Marine also expanded its dealership business through boat sales, servicing, parts and storage operations at various locations. Ownership passed from Soucy to his sons, Rob, Mike and Marc, in 2007, and the company later became employee-owned in 2018. The dealership network reached Massachusetts in 2023 with the acquisition of Baert Marine, a family-owned boat dealership in Middleton.
Kyle Peterson, vice president at Marina Brokerage Advisors, said: “Marina platforms of this size rarely come to market, and when they do, they’re often broken up. Keeping six locations together as one operating business was the objective from day one. We ran a confidential process with a select group of qualified buyers and found a successor committed to preserving what the Soucy family founded and its employee-owners have built over the last 50 years.”
.avif)
