Safe Harbor Marinas Partners With Koch Industries

DALLAS, July 10, 2018 /PRNewswire/ -- Safe Harbor Marinas, the world's largest owner and operator of marinas, announced today that Koch Real Estate Investments, an affiliate of Koch Industries, Inc. had completed an investment in the company. The investment occurred shortly after Safe Harbor added a 70^th property to its growing portfolio.  Safe Harbor owns and operates marinas in 18 states across the country and strives to provide its more than 30,000 members with the very best in boating lifestyle.

"We are excited to welcome Koch to our team," said Baxter Underwood, CEO of Safe Harbor Marinas. "We spent several months evaluating potential investment partners for the next phase of our company's growth and development; Koch emerged as the favorite given their long-term perspective, high standard of excellence, and integrity. Together, we will continue building something truly special in this industry."

For Koch, the investment in Safe Harbor represents acknowledgment of the company's considerable potential for growth. "We like the assets, the management team, and the industry," said Jake Francis, Managing Director of Koch Real Estate Investments. "Safe Harbor's demonstrated commitment to excellence in stewardship of these assets provides a long-term partner for Koch and we look forward to exploring future growth opportunities." 

Goldman Sachs & Co. LLC acted as exclusive financial advisor to Safe Harbor Marinas. Jones Day and Latham & Watkins served as legal counsel to Koch Industries and Safe Harbor Marinas, respectively. Additional terms of the investment were not disclosed.

About Safe Harbor Marinas

Safe Harbor Marinas is the largest owner and operator of marinas in the world. Based in Dallas, Texas, the company is dedicated to providing exceptional service and memorable experiences to the global boating community.

For more information, visit SHMarinas.com.

About Koch Real Estate Investments

Koch Real Estate Investments, based in Dallas, Texas, focuses its efforts on attractive risk-adjusted capital deployment into real estate assets and operating companies across cycles with an agnostic approach to product, geography, and capital position.

Since 2003, Koch companies have invested about $80 billion in acquisitions and other capital expenditures. With a presence in more than 60 countries, Koch companies employ more than 100,000 people worldwide, with about 60,000 of those in the United States.  From January 2009 to present, Koch companies have earned more than 1,000 awards for safety, environmental excellence, community stewardship, innovation, and customer service.

To learn more about Koch Industries, please visit http://www.kochind.com/.

SOURCE Safe Harbor Marinas

Related Links

https://shmarinas.com/