Infrastructure investor Stonepeak has acquired Southern Marinas in a deal valued at over $700 million, capitalizing on surging demand in the recreational boating sector. The US-based firm sees the marina operator as a strategic platform for expanding its portfolio through additional acquisitions in the industry.

This transaction reflects the broader yacht and marina boom that has accelerated during the pandemic as wealthy individuals seek alternative leisure activities. Southern Marinas, which operates multiple waterfront properties across the United States, provides Stonepeak with immediate scale in a fragmented market. The infrastructure investor's move follows similar consolidations in the sector, where private equity has increasingly targeted recreational assets.

Industry analysts note that marina acquisitions have become increasingly attractive as boating participation reaches record levels. Stonepeak's platform approach suggests further consolidation is likely as the firm seeks to build a national network of premium marina properties. The deal underscores how infrastructure investors are diversifying beyond traditional assets like toll roads and utilities into lifestyle-oriented businesses that offer stable cash flows.