“On behalf of everyone at Sun, I would like to thank the Safe Harbor team for their dedication and hard work throughout our over four-year partnership,” said Gary Shiffman, chairman and CEO of Sun Communities. “We anticipate that Blackstone will further Safe Harbor’s position as the leading marina and superyacht servicing business in the U.S.”
The proceeds from the transaction will be directed toward strengthening Sun Communities’ balance sheet, reducing debt, funding shareholder distributions, and reinvesting in its core business operations.
Financing & Legal Counsel
Wells Fargo serves as the lead financial adviser to Blackstone Infrastructure and has committed financing for the transaction, while Lazard Frères & Co. is advising Sun Communities.
On the legal front, Blackstone is receiving counsel from Gibson Dunn & Crutcher LLP and Simpson Thacher & Bartlett LLP, with a team led by partners Marwan Azzi and Soren Kreider. Other key attorneys involved in the deal include Joanne Franzel, Harry Silvera, Kathryn Kelly, Evan Gusler, Ekaterina Napalkova, Michael Murphy, Alice Brogi, Eric Feuerstein, Federico Fruhbeck Jr., and Tomer Pinkusiewicz.
