Suntex Marina Investors said they have acquired 11 marinas from Loggerhead Marinas in Florida. Terms were not disclosed.
“This transaction will be transformational for Suntex and our efforts to continue to provide an unmatched customer experience around the country,” said Bryan Redmond, founding principal of Suntex, in a statement. “The Loggerhead marinas greatly expands our ability to offer our Suntex customers access to prime marina locations and amenities throughout Florida.”
With the addition of 2,300 Loggerhead slips, Suntex is now the largest marina operator in Florida.
Suntex also said that it would be participating in the Responsible Boater Initiative. It is an effort to promote a healthy environment for sea turtles and other marine life. The Responsible Boater Initiative is designed as a collaborative tool to work with boaters and marinas.
The Responsible Boater Initiative was launched by the Loggerhead Marine Life Center in Juno, Florida, where Suntex and Loggerhead officials announced the acquisition at an event on Tuesday. “We will apply those same practices to all of our Suntex locations,” said Mitchell E. Jones, principal of Suntex, in the statement. “Loggerhead shares our deep and driving commitment to the environment and clean and responsible boating.”
All Loggerhead marina locations are designated “Clean Marinas” under the State’s Clean Marina Program. “Suntex is renowned for offering the finest facilities in the industry,” said Raymond Graziotto, president, Loggerhead Marinas, in the statement. “We are excited to be part of a brand that shares our core values of providing the highest quality family experience as well as protecting our environment for the enjoyment of current and future generations.”
Suntex has committed to maintain a philanthropic partnership with Loggerhead Marinelife Center. It is now one of the Center’s largest corporate donors. The non-profit facility is focused on ocean and sea turtle conservation. It has a variety of sea-turtle exhibits, other coastal creatures, and a working sea turtle hospital. It hosts more than 300,000 guests per year.
Jones said that the ongoing relationship would also benefit Suntex. “Our goal is not only to provide our members the most memorable boating experience, but to leave behind a legacy of pristine waterways for generations to come,” said Jones.