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Announced

Completed

Suntex Marina Investors completed the acquisition of Prime Marina Miami.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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mobile fuel services

Marine Transportation

Private

Friendly

United States

Single Bidder

Completed

Majority

marine transportation

Acquisition

Domestic

Synopsis

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Suntex Marina Investors, an owner and operator of marina properties, completed the acquisition of Prime Marina Miami from Prime Marina Group, a marine transportation services provider. Financial terms were not disclosed. "Suntex is actively growing and seeking acquisitions that align with our core objectives to be the premier marina operator in the US. Biscayne Bay and the surrounding neighborhoods like Coconut Grove represent one of the greatest boating communities in the world; we are pleased to add this property to our portfolio. We look forward to greatly enhancing the boating experience for everyone to enjoy," David Filler, Suntex Investments Head.

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