A US marina property joint venture between BlueWater Marinas and Bain Capital has added a premier full-service marina in Massachusetts to its portfolio.
The partnership has invested an unspecified sum to acquire Bayside Marine in Duxbury, which has been operated by the Kent family since 1949.
Bayside operates as a full-service, one-stop destination for customers’ boating needs, including storage, service and boat sales.
Andrew Terris, partner at Bain Capital Real Estate, said: “Bayside represents a compelling opportunity to invest in a high-quality, full-service marina that expands our presence in the Northeast. This asset pairs well with our acquisition of Glyn’s Marine on Nantucket and reflects our strategy of building a portfolio of outstanding marina properties along the East Coast.”
Joe Miller, principal at BlueWater Marinas, said, “Bayside Marine is a highly respected, deeply rooted business within the New England boating community.”
Bain and BlueWater formed the joint venture in 2024 to acquire and operate high-quality, storage-centric marina properties in premier boating markets along the East Coast.
To read the latest IPE Real Assets magazine click here.
