Announced
Financials
Tags
leisure facilities
Recreational Services
Acquisition
Pending
United States
Private
freshwater marinas
Friendly
Domestic
Single Bidder
Majority
marinas
Restructuring
Private Equity
Synopsis
Centerbridge and Resilient Capital Partners, two private equity firms, announced the recapitalization of Suntex Marinas, the largest standalone, pure-play owner of marinas in the United States. Financial terms were not disclosed. "The marina industry sits at the intersection of two of our high conviction themes–Leisure & Experience and Storage–and we're confident that this investment has the right mix of talent and capital to allow the Company to capitalize on a significant opportunity set," William Rahm, Centerbridge Senior Managing Director and Global Head of Real Estate.
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