US marina owner now has facilities in 19 states

Newport Shipyard in Newport, Rhode Island, has been purchased by Safe Harbor Marinas, becoming the 85th property for the Dallas, Texas-based owner operator, which has facilities in 19 states.

The company has been on an acquisitions tear, adding 15 marinas to its portfolio since October of last year.

“This place has an incredible history and importance in the world of sailing and cruising,” said Jason Hogg, senior VP of investments for Safe Harbor Marinas, said in a news release. “The Dana family and their team have built a brand that is recognised across the globe. We are excited to continue and build on their grand tradition of excellence.”

Charlie Dana acquired the shipyard during a bankruptcy auction in 1998. His son Eli will remain in the role of general manager.

“Safe Harbor is the largest owner and operator of marinas in the world, and joining forces will allow us to be part of the best and brightest team in the marine industry,” the younger Dana said in the release.

Newport Shipyard serves vessels in excess of 200ft and occasionally as large as 300ft. With hauling capabilities up to 500 tonnes, the property is home to one of America’s preeminent superyacht repair and refit facilities.