Vinings back on acquisition path
August 3, 2007
Filed under News
ATLANTA – Vinings Marine Group has added to its marina portfolio, acquiring three additional properties, it reported in a statement today.
Saylorville Lake Marina, Polk City, Iowa, is the company’s 10th marina acquisition since December 2004, Anzo stated. It features 394 wet slips, 77 inside/outside storage slips, a floating restaurant and bar, a full-service facility, pump out, fuel, boat and bike rentals, banquet facility, restrooms and showers.
Blue Creek Marina, Dadeville, Ala., is the company’s second marina on Lake Martin, providing Vinings with “better market control and company synergy,” according to principal Peter Anzo. It features a 310-slip dry stack storage operation, a full-service facility, new and used boat sales, a ship’s store and bathrooms.
Dockside 500 Marina, East Patchogue, New York, is the company’s twelfth marina acquisition, and the first of what Anzo hopes is many in the Northeast. The Long Island property contains 415 wet slips, 375 dry slips, 20 PWC docks, 20 inside storage, a Dockside Grill and Tiki Bar, catering hall, fuel docks, ship’s store, pump-out, pool, sand volleyball court, picnic area, gazebos, full service repair shop, restrooms and showers.
Vinings proclaimed it is now completely focused on the marine business, having left the multifamily business, and is now pursuing marina acquisitions in Georgia, Iowa, Kansas, Maryland, Michigan, New York, North and South Carolina and Virginia.
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