Weatherford Partners Announces a $40 Million Equity Investment Into Safe Harbor Marinas-the World’s Largest Marina Owner and Operator
TAMPA, Fla., Jan. 23, 2017 /PRNewswire/ — Weatherford Partners announced today its participation in the acquisition by Safe Harbor Marinas of the Brewer Yacht Yard Group. The transaction adds 25 marinas to the company’s portfolio, which makes Safe Harbor the largest owner and operator of marinas in the world with 63 properties in 17 states housing more than 30,000 boats.
Weatherford Partners, together with American Infrastructure Funds and Guggenheim Partners, provided funding for the Brewer acquisition. With its initial $40 million equity investment, Weatherford Partners will be a significant shareholder.
“We are excited to invest in Safe Harbor and work alongside their world-class management team and staff,” said Will Weatherford, Managing Partner of Weatherford Partners. “This is a very unique business platform and one which we believe has extraordinary growth potential.”
“Weatherford Partners is well positioned to assist Safe Harbor in identifying new opportunities throughout the country, and especially in Florida,” said Sam Weatherford, a Safe Harbor board member and Partner of Weatherford Partners.
Macfarlane Ferguson & McMullen and Pereboom Law are serving as legal advisors to Weatherford Partners.
About Weatherford Partners
Weatherford Partners is an opportunistic global private equity firm based in Tampa, Florida. The firm partners with owners and management teams of high integrity to build great businesses through the provision of capital and advisory services. Weatherford Partners actively engages its portfolio companies in innovative and unique ways to create significant and lasting value. Will, Sam, and Drew Weatherford are the founding members of Weatherford Partners. For more information, visit www.WeatherfordPartners.com.
About Safe Harbor Marinas
Safe Harbor Marinas is the largest owner and operator of marinas in the United States. Based in Dallas, the company is dedicated to providing the highest standards of excellence in customer service across its portfolio of inland and coastal properties. For more information, visit www.SHMarinas.com.
About Brewer Yacht Yard Group
Founded in 1954, Brewer Yacht Yard Group is the parent company of 25 Brewer marinas between Maryland and Massachusetts. In addition to its multiple locations, Brewer offers special benefits to its customers including free overnight stays and fuel discounts. For more information, visit www.byy.com.
About American Infrastructure Funds
American Infrastructure Funds is a leading private investment firm bringing innovative investment capital and operating insights to support the growth of infrastructure and real asset-based businesses. For more information, visit www.aimlp.com.
About Guggenheim Partners
Guggenheim Partners is a global investment and advisory firm. Across its three primary businesses of investment management, investment banking, and insurance services, Guggenheim has a track record of delivering results through innovative solutions. For more information, visit www.GuggenheimPartners.com.
SOURCE Weatherford Partners