At the 2022 Affiliation of Marina Industries Conference & Expo in Daytona, Suntex Marina Buyers, LLC (Suntex) introduced its transaction to sign up for forces with proven marina administration enterprise, Westrec Marinas.
One of the world’s most significant operator-operators of marinas and marine-relevant firms, Westrec Marinas delivers qualified management providers to its properties, affiliate marketers and shoppers. Started in 1987, Westrec owns and manages marina facilities found both equally in new and salt-water environments, handling vessels ranging in sizing from particular watercraft to megayachts. Management tactics distinctive to Westrec have been integrated into its corporate philosophy in the course of Westrec’s heritage. Purchaser support, its most vital product, has remained a core enterprise benefit considering the fact that working day a single.
“Years ago, we recognized the quite a few synergies involving Westrec Marinas and Suntex,” explained Bryan Redmond, CEO, Suntex Marinas. “Westrec Marinas’ eyesight of presenting the very best in consumer company and amenities, together with a unforgettable knowledge out on the water, align properly with our eyesight. The most satisfying component of this merger is being aware of we now have extra another whole community of marinas who share our core values and jointly we are poised for a amazing long run.”
“We delight ourselves on acquiring the most thorough and expert marina functioning crew in the company,” said Invoice Anderson, President, Westrec Marinas. “Suntex delivers substantial innovations and more streamlined instruments and processes for day by day functions. In addition, they have significant reporting and economical forecasting with true-time information, a a lot more recognized communications and marketing work, as perfectly as additional money to commit in repair and routine maintenance and funds expenditures for important tasks at our recent marinas. Together we have an unrestricted possibility to increase and prosper.”
“Our Suntex workforce could not be extra inspired concerning our partnership with Westrec,” reported Johnny Powers, Chairman of the Board, Suntex Marinas. “Westrec’s determination to incorporate forces with Suntex is evidence that relationships, lifestyle and integrity are paramount.”
“Since partnering with Suntex in March 2021, we have worked to enable accelerate the Company’s continued progress,” mentioned William Rahm, Senior Running Director and Head of True Estate at Centerbridge Associates and Director on Suntex’s Board. “This transaction provides together two top teams and businesses in the marina sector, exactly where we continue on to see substantial expansion prospects to provide the rising need for boating and leisure routines.”
The Suntex portfolio features marinas situated in California, Florida, Ga, Iowa, Kentucky, Maryland, New Jersey, New York, Oklahoma, Texas, Tennessee and Virginia.