Suntex Marina Investors, a marina owner and operator based in Dallas, Texas, announced this week it has purchased 11 Loggerhead Marina properties, including all five Palm Beach County locations.
The deal, which includes a combined 2,300 boat slips, is expected to make Suntex the largest marina operator in South Florida, the company said.
Seven Kings Holdings of Jupiter operates 12 marinas across the state under the Loggerhead brand. The sale includes all but the Loggerhead Marina in Stuart, a Suntex representative said.
“This transaction will be transformational for Suntex and our efforts to continue to provide an unmatched customer experience around the country,” said Bryan Redmond, founding principal
of Suntex. “The Loggerhead marinas greatly expands our ability to offer our Suntex customers access to prime marina locations and amenities throughout the state of Florida.”
In its announcement, Suntex said it “has committed to maintain a philanthropic partnership with Loggerhead Marinelife Center.”
“In addition to the purchase of Loggerhead Marinas, we are humbled to be able to help support the work of Loggerhead Marinelife Center,” Mitchell E. Jones, principal of Suntex said in a statement. “Our goal is not only to provide our members the most memorable boating experience, but to leave behind a legacy of pristine waterways for generations to come.”