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Dallas, Texas-based Safe Harbor Marinas has acquired Wayne Huizenga Jr’s Rybovich, a US destination and service provider for the superyacht industry. Rybovich has marinas in West Palm Beach and Riviera Beach, Florida. The West Palm Beach facility, which covers over 11 acres, is the largest in the deal and can accommodate superyachts of over 91 metres (300 feet).
“We’re extremely excited about what this means for our people, our customers, and our partners,” Huizenga Jr, owner and CEO of Rybovich, said in a statement.
“We share with Safe Harbor a fundamental commitment to excellence in service and hospitality. We believe this transaction will allow us to deliver on that commitment at more and more locations over time.”
Carlos Vidueira, vice president at Rybovich, said he will oversee Safe Harbor’s superyacht marinas in South Florida and staff at both Rybovich marinas will remain.
Prior to the acquisition, Safe Harbor owned and operated marinas in Fort Lauderdale, Riviera Beach and North Palm Beach. It will now own 14 marinas in total across Florida and around 100 in the US, most of which are along the east coast.
“Our plan is to serve Rybovich with excellence so they, in turn, can do what they do so well at more locations throughout the country and perhaps the world,” Baxter Underwood, CEO of Safe Harbor, said in a statement. “We are humbled and honoured to be on their team.”
Local press is reporting that the pandemic has proved to be a boom for the region’s marine industry. Executives of marine companies said “saltwater distancing” has brought new potential boat owners, and new boat sales reached their highest point in a decade in May, according to the National Marine Manufacturers Association (NMMA).
Source: IBI News
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