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Blackstone Infrastructure Completes Acquisition of Safe Harbor

1. Blackstone acquires Safe Harbor Marinas for $5.65 billion, enhancing infrastructure portfolio. 2. The acquisition positions BX as a leader in the marina and superyacht servicing market.

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FAQ

Why Bullish?

The acquisition of Safe Harbor Marinas adds significant value and diversification to BX's portfolio. Historically, similar acquisitions have boosted earnings and investor confidence.

How important is it?

The acquisition of a major player in the marina industry can positively impact BX's growth trajectory and market perception.

Why Long Term?

This strategic expansion is expected to generate steady revenue streams over time, similar to past infrastructure investments made by BX.

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SUI
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that funds managed by Blackstone Infrastructure (“Blackstone”) have completed their acquisition of Safe Harbor Marinas (“Safe Harbor”), the largest marina and superyacht servicing business in the United States, from Sun Communities, Inc. (NYSE: SUI) for $5.65 billion. Heidi Boyd, a Senior Managing Director in Blackstone's infrastructure business, said, “We're pleased to close this transaction and look forward to working with Safe.

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