Texas-based Suntex Marinas has acquired Ocean Marine Yacht Center in Virginia. The transaction includes all the real estate of the Portsmouth shipyard, as well as operational control. Jim Bento, previous owner/operator of the yard, will continue to operate the yard in a leaseback deal. Bento is a principal with Suntex parent company Valiant Holdings.
“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,” said 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 Marine includes 112 wet slips and 275 dry rack slips, full-service yard capable of handling yachts to 305 feet dockside, and a state-of-the-art refit and paint facility with over 50,000 square feet of indoor, climate-controlled bays. It also has a 1,250-ton Syncrolift.
Located on the Elizabeth River at the southern tip of the Chesapeake Bay, south of downtown Portsmouth, the marina is located at mile marker zero, the halfway point on the ICW between Miami and New York.
Suntex Marinas owns two other marinas in the area, Tidewater Marina and York River Yacht Haven, and more than 20 around the country.