Bain Capital and BlueWater Marinas announced their acquisition of Glyn’s Marine on the island of Nantucket off Cape Cod, Mass. The 30-year-old facility includes a dry-slip marina and service center.
“This acquisition is the first of many for the joint venture in the Northeast, and we can think of no better place to start than Glyn’s, which is a truly special asset in a top-tier boating market,” Joe Miller, a partner in the transaction, said in a statement. “We’re excited to include this asset in our growing portfolio, and we believe Nantucket’s devoted boating community will appreciate both the operational expertise our partnership brings, as well as the commitment we have to upholding Glyn’s long-standing reputation.”
This is the third acquisition since Bain Capital and BlueWater formed their partnership.
