Blackstone has announced that funds managed by Blackstone Infrastructure have agreed to acquire Safe Harbor Marinas for $5.65 billion.

Safe Harbor owns and operates 138 marinas across the U.S., including Safe Harbor Rybovich, Safe Harbor Lauderdale Marine Center, Safe Harbor Old Port Cove, and Safe Harbor Newport Shipyard.

“Marinas benefit from key long-term thematic tailwinds, including the growth of travel and leisure as well as population inflows into coastal cities,” said Heidi Boyd, senior managing Director in Blackstone’s infrastructure business. “We believe Safe Harbor is the best-positioned company in this sector, and we look forward to working with their terrific team to invest behind their existing marinas and to expand their footprint.”

With this acquisition, Blackstone Infrastructure now manages $55 billion in assets, including the U.S. data center provider QTS, the Asia-Pacific data center platform AirTrunk, marine terminal operator Carrix, and Invenergy, the largest private renewables developer in the U.S.

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