Blackstone Acquires Safe Harbor Marinas for $5.65 Billion
ECONOMY & POLICY

Blackstone Acquires Safe Harbor Marinas for $5.65 Billion

Blackstone Infrastructure has acquired Safe Harbor Marinas, the largest U.S. marina and superyacht servicing company, from Sun Communities for $5.65 billion. Safe Harbor operates 138 marinas across the U.S. and Puerto Rico, reinforcing Blackstone’s investment in leisure and coastal infrastruc...

Blackstone Infrastructure has acquired Safe Harbor Marinas, the largest U.S. marina and superyacht servicing company, from Sun Communities for $5.65 billion. Safe Harbor operates 138 marinas across the U.S. and Puerto Rico, reinforcing Blackstone’s investment in leisure and coastal infrastructure.Senior Managing Director Heidi Boyd highlighted the sector’s growth potential amid rising travel and coastal living trends. The deal aligns with Blackstone’s strategy of investing in high-growth infrastructure assets. Wells Fargo advised on the transaction, with legal counsel from Gibson, Dunn & Crutcher LLP and Simpson Thacher & Bartlett LLP.Contact: Blackstone InfrastructureWebsite: www.blackstone.comTel- +91 (0)22 6752 8500

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Infrastructure Transport

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

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Infrastructure Urban

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

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Infrastructure Urban

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..

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