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Corporation
FINANCE | Real Estate / Commercial Property Management
suntex.com

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Partners & Customers

2

About Suntex Marinas

Suntex Marinas engages in the ownership and management of marina properties. The company manages marina properties in the United States, leveraging ownership and management platforms to provide leadership within the marina sector and to acquire institutional quality marinas to enhance customer experience.On February 2nd, 2022, Suntex Marinas merged with Westrec Marinas. The terms of the transaction were not disclosed.

Suntex Marinas Headquarter Location

17330 Preston Rd Suite #220A

Dallas, Texas, 75252,

United States

972-789-1400

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Suntex Marinas Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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Suntex Marinas Rank

Latest Suntex Marinas News

Suntex Marinas said to hire bank for IPO as soon as Q3

Apr 25, 2022

Apr. 25, 2022 5:40 PM ET SUI By: Joshua Fineman , SA News Editor dszc/E+ via Getty Images Suntex Marinas Investors LLC, an owner and operators of marinas in the U.S., has hired Bank of America as it plans for an initial public offering. Suntex, which is backed by private equity firm Centerbridge Partners, could list as as soon as Q3 and the company may be valued at more than $3 billion, according to a Bloomberg report. Suntex, which calls itself the largest standalone, pure-play owners of marinas in the U.S., announced last March a recapitalization of the company led by funds affiliated with Centerbridge and Resilient Capital Partners. At the time, Suntex owned and operated more than 31 marinas across 11 states. Suntex was initially formed in 2015 by Johnny Powers, Bryan Redmond, Ron Rhoades and Scott McMullin, with anchor investments from funds affiliated with Wafra Inc. and Centaurus Capital. The potential IPO comes after Sun Communities ( SUI ) agreed to acquire Suntex competitor Safe Harbor Marinas for $2.1 billion in late September 2020. To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.

Suntex Marinas Acquisitions

3 Acquisitions

Suntex Marinas acquired 3 companies. Their latest acquisition was Key Harbor Marina on April 14, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/14/2022

$99M

Acquired

1

2/4/2021

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$99M

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10

4/19/2017

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$99M

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10

Date

4/14/2022

2/4/2021

4/19/2017

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

10

Suntex Marinas Partners & Customers

2 Partners and customers

Suntex Marinas has 2 strategic partners and customers. Suntex Marinas recently partnered with Westrec Marinas on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/2/2022

Partner

United States

10:43 ET SUNTEX MARINAS ANNOUNCES TRANSACTION WITH WESTREC MARINAS

`` Our Suntex Marinas team could not be more encouraged regarding our partnership with Westrec Marinas , '' said Johnny Powers , Chairman of the Board , Suntex Marinas .

1

12/7/2016

Partner

United States

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10

Date

2/2/2022

12/7/2016

Type

Partner

Partner

Business Partner

Country

United States

United States

News Snippet

10:43 ET SUNTEX MARINAS ANNOUNCES TRANSACTION WITH WESTREC MARINAS

`` Our Suntex Marinas team could not be more encouraged regarding our partnership with Westrec Marinas , '' said Johnny Powers , Chairman of the Board , Suntex Marinas .

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Sources

1

10

Suntex Marinas Team

8 Team Members

Suntex Marinas has 8 team members, including current Founder, Chief Executive Officer, Johnny Powers.

Name

Work History

Title

Status

Johnny Powers

Founder, Chief Executive Officer

Current

Bryan Redmond

Founder, President

Current

Ron Rhoades

Founder

Current

Tom Tipton

Interphase Corporation, and Arthur Andersen

Chief Financial Officer

Current

Rich Carter

Chief Operating Officer

Current

Name

Johnny Powers

Bryan Redmond

Ron Rhoades

Tom Tipton

Rich Carter

Work History

Interphase Corporation, and Arthur Andersen

Title

Founder, Chief Executive Officer

Founder, President

Founder

Chief Financial Officer

Chief Operating Officer

Status

Current

Current

Current

Current

Current

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