Following reports in February 2026 that Stonepeak was in talks to acquire Southern Marinas, it was announced on 22 April that affiliates of KSL Capital Partners have sold the marina operator to Stonepeak in a recapitalisation deal. Additional terms of the transaction were not disclosed.
Southern Marinas was founded in 2018 and currently operates 16 marinas across Florida, Idaho, Missouri, New Jersey, New York, North Carolina, Tennessee and Washington. Its portfolio includes more than 6,700 slips, supported by services such as fuel, boat rentals and maintenance.
On the same day, the company confirmed the acquisition of F3 Marina, a 59,000sqft (5481sqm) facility in Fort Lauderdale, Florida.
Mitchell Jones, co-founder and chairman of Southern Marinas, said: “With the close of this transaction, we are entering into an exciting new chapter as we look to further strengthen the business and propel our growth. Stonepeak brings deep infrastructure expertise, experience building scaled businesses and a clear strategic perspective, and we are confident they will make an excellent partner as we continue to deliver for our customers.”
Daniel Raubolt, principal at Stonepeak, added: “The Southern Marinas team has built a best-in-class platform with a strong operating track record, and we look forward to partnering with the team to support the next phase of growth.”
Stonepeak has approximately $88 billion USD in assets under management and focuses on infrastructure and real assets, including transport and logistics.
James Wyper, senior managing director, head of US private equity and head of transportation & logistics at Stonepeak, commented: “This transaction reflects our strong conviction in the resilience and long-term fundamentals of the US marina sector.”
Kirk Adamson, partner at KSL, said: “Over the course of our partnership with Southern Marinas, we helped the company expand its footprint to 15 marinas and built a scaled, institutional-quality platform centred on well-located marinas offering high-quality boating experiences. We are proud of what has been built alongside the Southern Marinas team and are confident in the continued growth of the US marina sector.”
PJT Partners served as financial adviser and Simpson Thacher & Bartlett LLP served as legal counsel to Stonepeak. Lazard Frères & Co. served as financial adviser and Hogan Lovells served as legal counsel to Southern Marinas and KSL Capital Partners.
