BlueWater Marinas (“BlueWater”) and Bain Capital recently acquired Mystic River Marina (“Mystic River”), a full-service marina in Mystic, Connecticut, and Ripley Light Drystack Marina (“Ripley Light”), a drystack marina in Charleston, South Carolina. The two acquisitions are the sixth and seventh marinas BlueWater and Bain Capital have acquired as part of their joint venture.
Located in Mystic, Connecticut, Mystic River Marina is one of the oldest continually family-owned marinas on the Eastern Seaboard and has long served large vessels in one of the Northeast’s most sought-after boating destinations, as stated in a news release. The Class A, storage-centric marina is anchored by large wet slips serving seasonal and transient boaters, complemented by winter dry storage. The marina also offers a parts and service department, fuel dock, ship store and on-site boat brokerage, along with a popular breakfast café, customer lounge and pool.
The second acquisition, Ripley Light, is a leading drystack marina minutes from downtown Charleston, South Carolina, with convenient access to Charleston Harbor and the region’s surrounding waterways, according to the news release. Serving the Lowcountry boating community since 1988, the marina features 220 dry storage slips accommodating vessels up to 40 feet. The property offers a full-service boating experience, including valet-style launch and retrieval, fuel, an on-site service department and an established boat club…