Press

May 18, 2021

Southern Marinas and KSL Capital Partners Form Partnership

New venture focused on assembling a best-in-class marina portfolio throughout North America
 
North Palm Beach, FL and Denver, CO (May 18, 2021) – Southern Marinas, a premier owner and operator of marina properties, and an affiliate of KSL Capital Partners, the leading investor in travel and leisure businesses, are pleased to announce their partnership to acquire and operate a best-in-class portfolio of marinas across North America. 
 
“KSL is excited to partner with Southern Marina’s highly experienced management team to help continue to build upon their track record of success,” said John Ege, Partner at KSL.  “With highly attractive industry fundamentals, including strong barriers to entry and growing demand for quality boating experiences, we have been exploring various opportunities to invest in the marina space for a number of years.  We believe we have found an exceptional partner in Southern Marinas.”
 
Southern Marinas, whose principals include Mitchell Jones, Drew Gendron and Gary Rosmarin, look to continue their recent success in the marina space.  “We could not envision a better partner than KSL, whose experience is unrivaled in the travel and leisure market,” said Gendron.  “With a robust pipeline of properties in place, our partnership plans to close on a number of key acquisitions in the near term to anchor the growth of our portfolio.”       
 
“We have spent several years getting to know KSL and are impressed by their leadership team’s long term track record of consistently growing value for all stakeholders,” Jones added. Over the past 20 years, we have been privileged to help marina owners transition successfully into the next phase of their lives by purchasing their marina assets.  Through our partnership with KSL, our Southern Marinas team will provide even more opportunities to sellers in search of the right people to continue their legacies.”
 
The principals of Southern Marinas have been involved in the acquisition and management of over 50 marinas and resort properties throughout the United States for more than 20 years. The Southern Marinas team’s experience and operational expertise extends to coastal, mountain and lake marinas and is seeking to replicate this coast-to-coast strategy with KSL.
 
About Southern Marinas, LLC:
Founded in 2018, Southern Marinas, LLC is a premier owner and operator of properties strategically located across the United States. Their experienced leadership team has more than 75 years of combined experience and specializes in marina acquisition and management. Their philosophy is to extend a warm welcome and gracious “Southern Hospitality” across all touchpoints of the customer experience. The proven systems, strategies, and philosophy that they have implemented across their marina portfolio allows them to maximize operational efficiency and deliver premium value to their members, associates, business partners, vendors, and investors. For more information on Southern Marinas, LLC, please contact info@southernmarinas.com or visit www.southernmarinas.com.
 
About KSL Capital Partners:
KSL Capital Partners, LLC is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate, and travel services. KSL has offices in Denver, Colorado; Stamford, Connecticut; London, England and Singapore. Since 2005, KSL has raised approximately $14 billion of capital across both debt and equity funds. KSL's current portfolio includes some of the premier properties in travel and leisure. For more information, please visit www.kslcapital.com.
 
Media Contacts:
For Southern Marinas: Josalyn Claussen, Marketing & Communications
 
For KSL: Maureen Richardson, River Communications
(914) 434-6033; mrichardson@riverinc.com