en.Wedoany.com Reported - PORT 32 Marinas and Acme Marinas, both headquartered in Charleston, South Carolina, announced the merger of their portfolios, a deal that will create an expanded operating platform in existing coastal regions, including key markets along the U.S. East Coast and Florida.

The combined portfolio comprises approximately 4,000 slips across 17 locations. PORT 32's assets are distributed in Palm Beach Gardens, Fort Lauderdale, Naples, Tampa, Marco Island, Cape Coral, Tierra Verde, Jacksonville, Lighthouse Point, and Morehead City.

Acme, backed by Koch Real Estate Investments, was founded in 2021 and includes Sag Harbor Yacht Yard, Annapolis Landing Marina, Sanibel Marina, MacDougalls’ Cape Cod Marine Service, Falmouth Marine Yachting Center, Falmouth Ferry, Coinjock Marina & Restaurant, and Vineyard Haven Marina.

PORT 32 CEO Austin Schell will continue in his role after the merger, leading the combined organization. Members of the Acme team will also remain in leadership positions, with Stephen Shaw serving as Chief Investment Officer and Shelby Tucker as Chief Financial and Chief Administrative Officer.

Schell stated that the merger with Acme Marinas accelerates the vision of building a leading coastal marina platform, creating a stronger organization that delivers greater value to members, shareholders, and employees by integrating complementary portfolios, additional talent, and a shared commitment to service excellence.

Tucker and Shaw noted that what attracted them to PORT 32 was the quality of its marinas, the strength and complementarity of its team, and its high standards of customer service. The company's focus on infrastructure quality, operational excellence, and the boating experience made this merger an excellent fit for both portfolios and their members.

Lazard Frères & Co. LLC served as exclusive financial advisor to PORT 32 Marinas, with legal counsel provided by Latham & Watkins LLP. Moelis & Company LLC served as exclusive financial advisor to Acme Marinas, with legal counsel provided by Jones Day.

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