Dallas, Texas-based Safe Harbor Marinas has recently acquired Newport Shipyard in Newport, Rhode Island. The company now owns 85 facilities across 19 states.
Newport Shipyard’s Eli Dana will remain in his current role as general manager.
“Safe Harbor is the largest owner and operator of marinas in the world, and joining forces will allow us to be part of the best and brightest team in the marine industry,” Dana stated in a company press release.
Isabella Ridall, assistant general manager, added, “We are looking forward to working with a company that is taking the marine industry to the next level.”
Newport Shipyard has hauling capabilities of up to 500 tons, regularly servicing yachts larger than 200 feet. The full-service marina hosts boat shows and other events throughout the year and is home to the popular Belle’s Cafe.
“This place has an incredible history and importance in the world of sailing and cruising,” stated Jason Hogg, senior VP of investments for Safe Harbor Marinas. “The Dana family and their team have built a brand that is recognized across the globe. We are excited to continue and build on their grand tradition of excellence.”