[B]Suntex Marinas & Valiant Holdings, LLC Join Forces to Maximize Megayacht Repair & Marina Facilities at Ocean Marine[/B]
[I]Combined Resources to Increase Services for Yachtsmen & Increase Area Employment[/I]
[B]18 November 2015, Dallas, Texas[/B]: Suntex Marinas and Valiant Holdings, LLC announce their collaborative relationship designed to capitalize on the exceptional reputation and services of Ocean Marine Yacht Center in Portsmouth, Virginia. On 6 November 2015, Suntex Marina Investors LLC acquired the facility from Ocean Marine, LLC, a wholly owned subsidiary of Valiant Holdings.
In the transaction, Suntex Marinas acquired all of the real estate, will enhance services and amenities, and will operate the newly named Ocean Yacht Marina. Jim Bento of Valiant Holdings will continue to operate Ocean Marine Yacht Center via a leaseback of the megayacht repair facilities. The combined branding, marketing and operational proficiencies of both companies are expected to increase employment, with particular emphasis within yacht trades.
“Within the past month, Suntex Marinas has been proud to announce our intention and ability to provide the capital resources needed to support the marina industry,” says Johnny Powers, Suntex Founder and CEO. “It is our vision to be the best steward of the marina experience globally with early emphasis on the U.S. market. By acquiring Ocean Marine and collaborating with Jim Bento, we are confident that we are enabling the best possible marina experience for boaters, employees and communities alike.”
Ocean Yacht Marina and Ocean Marine Yacht Center attributes and features are many:
[li]A high-traffic coastal facility with 112 wet slips and 275 dry rack slips with a total of 11,800 LF catering to megayachts, power and sail boats, and center consoles.[/li][li]Convenient access by land and water: Ocean Yacht Marina is located on the Elizabeth River at the southern tip of the Chesapeake Bay, south of downtown Portsmouth, Virginia.[/li][li]The marina is located at mile-marker zero, the halfway point on the ICW between Miami and New York.[/li][li]A full-service marine yard capable of handling yachts to 305’ dockside, and a state-of-the-art refit and paint facility with over 50,000sq. ft. of indoor, climate controlled bays. Also features a 90-ton travel lift, two 20-ton forklifts and a 1,250-ton Syncrolift.[/li][li]A two-story office building, a ship’s store and a showroom.[/li][/ul]
Ocean Yacht Marina and Ocean Marine Yacht Center also benefit from two other Suntex marinas in the immediate vicinity—Tidewater Yacht Marina and York River Yacht Haven (acquired in 2014 and 2013 respectively).
“Suntex Marinas is a natural partner for Ocean Marine Yacht Center,” says Jim Bento, Valiant Holdings, LLC principal. “Now with three Suntex facilities in close proximity and eight along the East Coast, we can realize economies of scale, maximizing efficiencies, reducing costs and passing services and savings on to customers.”
Each MidAtlantic regional Suntex Marina—Ocean Marine, Tidewater Marina and York River Yacht Haven—has its own personality. Collectively, the full boating experience and market is represented.
With plans to renovate and expand services at each, Suntex Marinas’ dedication to comprehensive customer service and the infrastructure necessary to support it has broad-reaching benefits for the southern Chesapeake Bay region as well as transient yachting enthusiasts.
Suntex Marinas currently owns and operates 25 marinas in the United States and Caribbean.