Key Takeaways
- • Stonepeak acquires Southern Marinas from KSL Capital Partners in a recapitalization valued at approximately $700 million, marking a significant infrastructure investment in the U.S. marina sector.
- • Southern Marinas operates 16 marinas across eight U.S. states (Florida, Idaho, Missouri, New Jersey, New York, North Carolina, Tennessee, and Washington) with over 6,700 boat slips, generating revenue from storage, fuel sales, boat rentals, and service operations.
- • The company announced simultaneous acquisition of F3 Marina in Fort Lauderdale, Florida—a 59,000-square-foot facility—demonstrating continued portfolio expansion under Stonepeak's ownership.
- • Management team retention and depth remains a competitive advantage, with leadership possessing more than 75 years of combined experience in marina acquisition and operations since the company's 2018 founding.
- • Stonepeak's infrastructure-focused investment thesis reflects confidence in long-term U.S. marina sector fundamentals, aligning with the firm's specialization in alternative assets and real infrastructure investments.
Summary
Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, has completed its acquisition of Southern Marinas from KSL Capital Partners in a recapitalization transaction valued at approximately $700 million. The announcement, made on April 22, 2026, marks a significant ownership transition for the premier marina operator and reflects institutional investor conviction in the resilience of the U.S. leisure boating infrastructure market.
Southern Marinas operates a geographically diversified portfolio of 16 marinas across eight U.S. states, anchored by over 6,700 boat slips. The company's business model extends beyond storage operations to encompass complementary revenue streams including fuel distribution, boat rentals, and maintenance services. Founded in 2018, the company has rapidly scaled its footprint under KSL Capital's initial sponsorship, establishing operational expertise and market presence across Florida, Idaho, Missouri, New Jersey, New York, North Carolina, Tennessee, and Washington.
Concurrent with the Stonepeak recapitalization, Southern Marinas announced the acquisition of F3 Marina, a 59,000-square-foot facility located in Fort Lauderdale, Florida. This addition signals continuity of growth strategy and suggests Stonepeak's commitment to organic and inorganic expansion within the portfolio. Mitchell Jones, Co-Founder and Chairman of Southern Marinas, characterized the transaction as entry into "an exciting new chapter," citing Stonepeak's deep infrastructure expertise, track record in scaling businesses, and strategic clarity as factors supporting the partnership.
James Wyper, Senior Managing Director and Head of U.S. Private Equity at Stonepeak, underscored the firm's conviction in sector fundamentals, stating the transaction "reflects our strong conviction in the resilience and long-term fundamentals of the U.S. marina sector." This positioning aligns with Stonepeak's broader transportation and logistics investment thesis, where marina operations represent essential recreational infrastructure with stable cash flow characteristics typical of alternative asset portfolios targeting institutional capital.
The company's management team, which brings more than 75 years of combined experience in marina acquisition and operations, is positioned to execute Stonepeak's growth initiatives while maintaining operational continuity for existing customers and stakeholders.
Southern Marinas operates a geographically diversified portfolio of 16 marinas across eight U.S. states, anchored by over 6,700 boat slips. The company's business model extends beyond storage operations to encompass complementary revenue streams including fuel distribution, boat rentals, and maintenance services. Founded in 2018, the company has rapidly scaled its footprint under KSL Capital's initial sponsorship, establishing operational expertise and market presence across Florida, Idaho, Missouri, New Jersey, New York, North Carolina, Tennessee, and Washington.
Concurrent with the Stonepeak recapitalization, Southern Marinas announced the acquisition of F3 Marina, a 59,000-square-foot facility located in Fort Lauderdale, Florida. This addition signals continuity of growth strategy and suggests Stonepeak's commitment to organic and inorganic expansion within the portfolio. Mitchell Jones, Co-Founder and Chairman of Southern Marinas, characterized the transaction as entry into "an exciting new chapter," citing Stonepeak's deep infrastructure expertise, track record in scaling businesses, and strategic clarity as factors supporting the partnership.
James Wyper, Senior Managing Director and Head of U.S. Private Equity at Stonepeak, underscored the firm's conviction in sector fundamentals, stating the transaction "reflects our strong conviction in the resilience and long-term fundamentals of the U.S. marina sector." This positioning aligns with Stonepeak's broader transportation and logistics investment thesis, where marina operations represent essential recreational infrastructure with stable cash flow characteristics typical of alternative asset portfolios targeting institutional capital.
The company's management team, which brings more than 75 years of combined experience in marina acquisition and operations, is positioned to execute Stonepeak's growth initiatives while maintaining operational continuity for existing customers and stakeholders.
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