Safe Harbor Marinas in the United States has been officially acquired by Blackstone Infrastructure for $5.65 billion USD. The acquisition, originally announced in February 2025, marks a significant shift in ownership and is expected to accelerate Safe Harbor’s expansion within the U.S. marina and vessel servicing sector.

Safe Harbor Rybovich offers accommodations for vessels up to 100-meter in length. (Photo credit: Safe Harbor Marinas)

Under the terms of the transaction, funds managed by Blackstone Infrastructure acquired Safe Harbor from Sun Communities Inc., which had held ownership for the past five years.

The 65-acre Safe Harbor Lauderdale Marine Center in Fort Lauderdale. (Photo credit: Safe Harbor Marinas)

The marina group currently operates more than 135 locations across the country, with 19 sites dedicated to servicing large vessels between 48-metre (150-feet) and 139-metre (455-feet). The marina group’s facilities offer dry-docking and lifting capacities, particularly on the West Coast, where vessels exceeding 122-metre (400-feet) are accommodated.

Safe Harbor also manages four Foreign Trade Zones (FTZs) in Newport, Savannah, West Palm Beach and Fort Lauderdale, locations that support the marketing and sale of foreign-flagged vessels within the U.S.

Safe Harbor Newport Shipyard in downtown Newport. (Photo credit: Safe Harbor Marinas)

Commenting on the acquisition, Safe Harbor CEO Baxter Underwood said, “Blackstone offers a world of opportunity for Safe Harbor, and we couldn’t be more excited for the journey ahead. 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.”

Heidi Boyd, Senior Managing Director at Blackstone Infrastructure, added, “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.”

Safe Harbor Savannah Yacht Center on the U.S. east coast. (Photo credit: Safe Harbor Marinas)

The acquisition is expected to strengthen Safe Harbor’s operational capacity and infrastructure offerings while aligning with Blackstone’s long-term investment strategy in essential infrastructure assets. Safe Harbor joining Blackstone’s portfolio reflects the increasing value and importance of the marina and vessel servicing sector in North America.