Safehold Expands Mediterranean Reach with Acquisition of Monaco Marine

Safe Harbor Marinas Expands Mediterranean Presence with Monaco Marine Acquisition

Safe Harbor Marinas, the world's largest owner and operator of marinas, announces its strategic expansion into the Mediterranean through the acquisition of Monaco Marine. This significant move enhances Safe Harbor's already extensive boating and service network, allowing the company to provide exceptional services in iconic yachting destinations such as Saint Tropez, Antibes, and Monaco. Monaco Marine, founded in 1995 by Michel Ducros, operates nine locations in the South of France and Monaco, catering to vessels and superyachts up to 90 meters. The acquisition positions Safe Harbor to offer comprehensive services that encompass mooring, storage, maintenance, and overhauls for a diverse clientele in some of the most sought-after coastal locations.

Baxter Underwood, CEO of Safe Harbor Marinas, expresses enthusiasm for this merger, highlighting the exceptional service that the Monaco Marine team is known for. This integration not only strengthens Safe Harbor's global presence but also reinforces its commitment to delivering memorable experiences for the boating community. The acquisition aligns with Safe Harbor’s mission to foster a culture of excellence within the marine industry, ensuring that yacht owners, captains, and crews receive unparalleled support and service. By incorporating Monaco Marine's established reputation for sustainability and quality, Safe Harbor further enhances its credibility and appeal.

With the addition of Monaco Marine, Safe Harbor now manages a total of 149 marinas and shipyards, cementing its status as a leader in the maritime sector. The expansion into the Mediterranean signifies a major milestone for the company as it continues to grow its influence and serve a diverse international clientele. As the boating industry evolves, Safe Harbor remains dedicated to providing exceptional services, ensuring that its clients enjoy unforgettable experiences on the water.

In addition to the acquisition, Safe Harbor's commitment to sustainability is evident in its operational practices and service offerings. By prioritizing environmentally friendly initiatives, the company aligns itself with the growing demand for sustainable boating solutions. This focus not only attracts environmentally conscious yacht owners but also contributes to the preservation of the iconic marine environments in which it operates.