Affiliates of KSL Capital Partners have sold Southern Marinas to Stonepeak through a recapitalization transaction, positioning the marina platform for its next phase of growth. Terms were not disclosed, and the deal has closed.
Founded in 2018, Southern Marinas owns and operates a portfolio of 16 marinas across eight U.S. states, including Florida, Idaho, Missouri, New Jersey, New York, North Carolina, Tennessee and Washington. The platform includes more than 6,700 slips and generates additional revenue through fuel sales, boat rentals and service operations.
The company is continuing to expand alongside the transaction, announcing the acquisition of F3 Marina, a 59,000-square-foot facility in Fort Lauderdale, Florida.
“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,” said Mitchell Jones, co-founder and chairman of Southern Marinas.
“Over the course
