Safe Harbor Marinas has formally entered the Mediterranean region following the acquisition of Monaco Marine, a network of nine yacht service locations across the South of France and Monaco. The acquisition advances the marina operator’s international expansion strategy.
The acquisition, which follows earlier exclusive negotiations announced in June 2025, brings facilities in Saint Tropez, Antibes and Monaco into Safe Harbor’s growing portfolio. These locations offer slips, storage and specialised services for vessels and superyachts up to 90 metres.
Founded in 1995 by Michel Ducros, Monaco Marine has become a well-established name in the yacht maintenance and refit sector. Known for its technical expertise and commitment to operational standards, the company provides refits, repairs and ongoing maintenance across its network of shipyards.
Baxter Underwood, CEO of Safe Harbor Marinas, mentioned: “The Monaco Marine team cares deeply about providing exceptional service in some of the world’s most iconic yachting destinations.”
With the acquisition, Safe Harbor now operates 149 marinas and shipyards across several key global waterfront locations. The transaction follows Safe Harbor’s recent addition of Los Sueños Marina in Costa Rica in July 2025.
