June 6, 2019

SOUTHERN MARINAS ACQUIRES BRADENTON BOAT CLUB

Growing Marina Portfolio Adds Second Florida Location in the Past 30 Days

North Palm Beach, Fla. – Southern Marinas Holdings, LLC, a partnership between a New York-based private investment firm and Southern Marinas, announced today the purchase of Bradenton Boat Club in Cortez, Florida.

Bradenton Boat Club is conveniently located just off of the Intracoastal Waterway on Florida’s west coast with direct, deep-water access to the Gulf of Mexico. It is nestled between Anna Maria Island and Longboat Key in the historic village of Cortez. The marina features 345 slips with valet boat service, an on-site service department, a fuel dock, and a boat brokerage. Given the marina’s convenient location and the quality of amenities and services it provides, Bradenton Boat Club is an ideal marina for boaters that want to be centrally located between Sarasota and the Tampa/St. Petersburg area.

“As Southern Marinas continues to expand its presence in the Florida market, we view the acquisition of Bradenton Boat Club as a welcome addition to our growing portfolio of best-in-class marinas,” said Andrew Gendron, chief investment officer with Southern Marinas.

Skip McPadden, an accomplished leader in the marina industry, will continue as the property’s general manager. Skip, who has been instrumental in the growth of Bradenton Boat Club, is supported by a talented team of professionals who will continue to diligently serve their customers.

This acquisition marks Southern Marinas second acquisition in Florida in May 2019. Over the past six months, Southern has developed a strong pipeline of assets and, in 2019 and beyond, will be acquiring a select number of best-in-class marinas in the Southeast and other strategically located geographic regions of the country.

For more information on Southern Marinas Holdings, LLC or its current portfolio of marinas, please contact [email protected] or visit www.southernmarinas.com.