On May 4, Safe Harbor Marinas announced the acquisition of Lauderdale Marine Center (LMC) for $340 million — the sale closed on May 3. Located in Broward County, LMC has developed a world-class operational capacity since its establishment in 1997. It has 106 slips and is home to hundreds of marine industry contractors and tenants. The Dallas-based Safe Harbor Marinas now owns and operates more than 115 marinas in 22 states.
“Over the past five years, the Lauderdale Marine Center has transformed its 60-acre campus into a first-rate superyacht facility. Now as part of Safe Harbor, LMC will be linked operationally to other superyacht facilities like Rybovich and Newport Shipyard. Together, these facilities and others in the Safe Harbor network will steadily increase and improve the offerings and experience available to crewmembers, captains, and owners,” says Carlos Vidueira, who oversees Safe Harbor’s superyacht marinas in South Florida.
“We will invest in and run Lauderdale Marine Center with the same customer-focused attention that we bring to our other superyacht locations,” says Vidueira. ”This means more amenities and more services over time. We will begin introducing these in the coming months.”
In a May 4 press release, Safe Harbor CEO Baxter Underwood said, “LMC is now connected to our network of superyacht facilities at West Palm Beach, Riviera Beach, Old Port Cove, Charleston City, and Newport Shipyard, and will help us further grow along the East Coast by providing a world class 60-acre service and repair facility for our members."
Safe Harbor expects to continue adding more locations to its network and invest in the amenities and service offerings, while they strive to provide superyachts and the boating community with the very best in technical service and waterfront lifestyle.