Michael Sachs, founder and CEO of California-based Westrec Marinas, died at his home on April 11. He was just a few days shy of his 78th birthday.
After earning an accounting degree from the University of Illinois and a law degree from Stanford University, Sachs worked as a lawyer for many years, opening his own firm in 1982. He served as executive vice president and general counsel of Public Storage Inc. from 1982 to 1990. In 1987, according to his obituary, he came up with the idea of storing boats in the same way that people store their personal goods, and from that idea, Westrec Marinas was born.
“Michael Sachs was a pioneer in the marina industry,” Westrec President Bill Anderson stated. “For over 30 years, Michael served his Westrec family, helping the marina properties and, as importantly, marina staff to prosper and to grow.”
Allan Alexander, Westrec adviser and Sachs’ longtime friend and colleague, will now work with Westrec’s executive team to ensure the company’s success, stated Anderson.