Suntex Marina Investors, a standalone marina owner in the US, and Centerbridge Partners, a private equity firm, formed a $1.25bn joint venture. "We're thrilled to close on this joint venture to usher in new growth for Suntex Marinas. While our team continues to increase our interest in new acquisitions, a portion of these funds are going to be dedicated towards re-development and enhancement of new marinas as well. We have an incredible opportunity to further grow our network from coast to coast and improve upon the Suntex experience. We are confident that our guests will enjoy what we have in store," Bryan Redmond, Suntex Marinas CEO.