United States

Almar Marinas

Marina operator <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marina Investors</a> has announced a merger with US-based marina management company <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar Marinas</a>. <img src="https://photo-assets.superyachttimes.com/photo/217363/image/large-c3e60455cc598fbc1049ebb9d57c4154.png" data-gid="gid://syiq/Photo/217363"><a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marinas</a> will join forces with <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar</a>’s owned marinas and management company <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar</a> Management to expand its reach in the US market. “The values at the heart of <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar Marinas</a> and their management team are also at the heart of our business practices here at <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex</a>,” said Bryan Redmond, CEO, <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marinas</a>.“This merger just solidifies what’s most important to both of our companies, and we’re so lucky to join forces with the leading west coast network of marinas who understand our vision and are dedicated to building it together.”Founded in 1974, <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar</a> is one of the largest operators of coastal marinas on the west coast of the United States. Their portfolio consists of eight owned marinas across California, located between Marina Del Rey and Oakland, and another nine marinas managed on behalf of third-party owners in California and Hawaii. <img src="https://photo-assets.superyachttimes.com/photo/217364/image/large-8d40486c5477e39ef1faeb209e66f75f.jpeg" data-gid="gid://syiq/Photo/217364">“Our philosophy at <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar</a> is that a marina is not just a place for a boat to berth,” explained Randy Short, CEO, <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar</a>.“<a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex</a> absolutely knows this and practices those philosophies every day, which is why we’re so delighted to be working together toward a future where we all have a chance to create a quality resort-like experience that is safe, clean, secure and friendly for our customers and our communities.”Read:&nbsp;<a data-gid="gid://syiq/Article/54532" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Major shake-up announced as Suntex Marinas and Westrec Marinas merge (2022-02-03 14:15:00 +0100)">Major shake-up announced as Suntex Marinas and Westrec Marinas merge</a>The merger between <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar Marinas</a> and <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex</a> will include Marina Del Rey Marina in California, Peninsula Yacht Marina Bahia Marina and Westport Marina in Channel Islands Harbor, California and the management company.As well as this, four Oakland marina properties are expected within the next 60 days, subject to government approvals. The <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex</a> portfolio will now include marinas located in Arizona, California, Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, Missouri, New Jersey, New York, Oklahoma, Texas, Tennessee and Virginia.

Suntex Marinas joins forces with Almar Marinas

Marina operator Suntex Marina Investors has announced a merger with US-based marina management company Almar Marinas. 