A Dallas-based marina operator is merging with a rival to form the industry’s second most valuable marina company. Suntex Marina Investors LLC will combine...
Suntex and Westrec’s portfolio will include over 50 owned and operated marinas, not including other properties that Westrec manages.
Suntex Marina Investors LLC will combine with Westrec Marinas in a deal that puts together the nation’s second- and third-largest marina owners. Suntex is backed by New York-based private equity investor Centerbridge Partners, which paid $400 million for Westrec.Redmond said the deal had been in the works for over a year and involved thorough conversations about Westrec’s desire to sell to a firm that would be a good cultural fit.
The combined Suntex and Westrec portfolio will include over 50 owned and operated marinas, not including other properties that Westrec manages, he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
8 of Dallas’ most romantic placesJust one date. At one place. With one person. That can be enough to spark a romance. But where is the most romantic place in Dallas? A coffee shop...
Read more »
Appeals Court: Suit May Proceed Over Tony Timpa's Death In Dallas Police CustodyThe family of a Dallas man who died in police custody five years ago can proceed with their lawsuit against four officers, a federal appeals court ruled Friday.
Read more »
See how designers updated and preserved this Dallas home on Swiss Avenue built in 1919Homes along Dallas’ Swiss Avenue are protected and preserved thanks to the city’s designation of the area as a Dallas landmark. Swiss Avenue is also on the...
Read more »
City Of Dallas Taking Extra Measures To Get Homeless Off Streets During Hard FreezeThe city has opened another building in Fair Park for shelter for the homeless and Dallas Fire-Rescue is helping bring them there.
Read more »
Dallas must stop pet stores from selling dogsThe humane pet store ordinance under consideration by the Dallas City Council is a direct response to the host of animal welfare and consumer protection...
Read more »
Hard freeze warning expires, Dallas roads still hazardousA hard freeze warning expired about 9 a.m. Saturday for the Dallas area but sub-freezing temperatures are still preserving patches of ice on roads,...
Read more »