American conglomerate, Safe Harbor Marinas LLC has confirmed the acquisition of Newport Shipyard, bringing its portfolio of assets up to 85 facilities across 19 states. Referring to the new addition, Safe Harbor Marinas has confirmed the decision is part of an ongoing strategic plan to expand and diversify the North American network of marinas.

Located in the heart of Newport, Rhode Island, the newly acquired shipyard is known to regularly service yachts up to 92m and offers a range of crucial repair services to the region. 

“Safe Harbor is the largest owner and operator of marinas in the world, joining forces will allow us to be part of the best and brightest team in the marine industry.”

- Eli Dana, General Manager, Newport Shipyard

In terms of the managerial structure at Newport Shipyard, general manager, Eli Dana will remain in his position at the facility. “Safe Harbor is the largest owner and operator of marinas in the world,” says Dana. “Joining forces will allow us to be part of the best and brightest team in the marine industry.”

"We're so pleased to add Newport Shipyard to our portfolio," said Jason Hogg, Senior Vice President of Investments for Safe Harbor Marinas. “This place has an incredible history and importance in the world of sailing and cruising. The Dana family and their team have built a brand that is recognised across the globe. We are excited to continue and build on their grand tradition of excellence.”

"This place has an incredible history and importance in the world of sailing and cruising. The Dana family and their team have built a brand that is recognised across the globe. We are excited to continue and build on their grand tradition of excellence.”

- Jason Hogg, Senior Vice President of Investments, Safe Harbor Marinas

In 2017, Newport Shipyard received approval from the Rhode Island Coastal Resources Management Council (CRMC) to expand its docking space by 560ft, allowing the facility to accommodate yachts of a larger size. The investment was a response to the need for more capacity in the marina, following a record year in 2016.

Assistant General Manager, Isabella Ridall, added, “We are looking forward to working with a company that is taking the marine industry to the next level.”

Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry’s most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here.