PORT 32 Marinas, LLC (“PORT 32”), a leading owner, operator, developer and acquirer of Class A coastal marinas, today announced that it has broken ground on the upland phase of its marina development project, PORT 32 Fort Lauderdale, located just west of I-95 on the north side of the New River, across from Lauderdale Marine Center and Marina Mile Yachting Center.
PORT 32 Marinas has acquired three marinas located in Naples, Marco Island and Cape Coral, Florida (the “Walker Marinas”) from Walker Marine Group. The transactions mark the first acquisitions to close following the completion of PORT 32’s previously announced recapitalization led by New York-based investment firm Fireside Investments.
PORT 32 Marinas, a leading owner, operator, developer and acquirer of Class A coastal marinas, today announced the successful recapitalization of the Company led by New York-based Fireside Investments alongside key members of management and with participation from several institutional investors including funds affiliated with D1 Capital Partners and Makena Capital Management.
Collective Retreats today has announced that it raised a $23 million Series C funding round. The round was led by New York-based investment firm Fireside Investments, popular outdoor marketplace Outdoorsy and with participation from existing investors including Revolution’s Rise of the Rest Seed Fund.
El Car Wash, the largest car wash company in South Florida, accelerated its expansion with the acquisition of three Motor City Car Wash locations in Palm Beach County. El Car Wash now has twelve operating locations and a development pipeline throughout Miami-Dade, Broward and Palm Beach Counties that will result in over 25 opened stores in the next year.
El Car Wash, the leading express car wash company in Southeast Florida, announces the opening of their eighth location in Miami.
Meriwether Companies, a private real estate investment and development firm, has partnered with Revere Capital and Fireside Investments to acquire the Aspen Club, located at the base of Aspen Mountain in Aspen, Colorado. The five-acre mixed-use development site was previously operated as a fitness and tennis facility, frequented by locals, celebrities and sports stars, with history dating back to 1976. Boulder-based Meriwether Companies plans to complete the revitalization of the 144,248-square-foot project, which will feature hospitality, culinary, fitness, health and wellness offerings.
IMC_di (International Market Centers’ Digital Innovations division) has unveiled Juniper, the new brand identity for its full suite of digital tools, the capstone of which will be Juniper MKT, a new B2B ecommerce marketplace, launching in 2021 for the gift, home and apparel industries.
Concert Golf Partners has secured $100 million in new equity for additional investments in private golf and country clubs through funds managed by Blackstone and a group of high net-worth families led by Fireside Investments. These new investors will supplement the capital provided by CGP’s current funding sources.
Wafra Inc. (“Wafra”), Audrose Partners and Fireside Investments today announced the formation of National Express Wash, LLC (“National Express Wash”), an express car wash investment platform. National Express Wash will use an acquisition and development model to build a dynamic portfolio of express car washes with attractive underlying real estate in strategic geographies throughout North America.
International Market Centers (IMC) announced today that the acquisition of the Atlanta Decorative Arts Center (ADAC), a leading design center housing the Southeast’s largest collection of luxury furnishings for residential, hospitality and commercial applications, has closed. The ADAC acquisition follows the previous merger between IMC and AmericasMart Atlanta earlier this year. Financial terms of the transaction were not disclosed.
International Market Centers (IMC) has entered into an agreement to acquire the Atlanta Decorative Arts Center (ADAC), a leading design facility housing the Southeast’s largest collection of luxury furnishings for residential, hospitality and commercial applications. This announcement follows the recent merger between IMC and AmericasMart Atlanta, which was finalized on July 20, 2018. The ADAC purchase is expected to be completed by late September.
International Market Centers (“IMC”) announced today the completion of the acquisition of AmericasMart Atlanta. The merger of the two best-in-class B2B showroom operators creates the world’s largest permanent mart for the furniture, gift, home décor, rug, and apparel industries.
International Market Centers (“IMC”) and AmericasMart Atlanta (“AmericasMart”), two best-in-class operators in the furniture, gift, home decor, rug and apparel B2B industries, have entered into an agreement to form the world’s largest owner and operator of premier showroom space. Financial terms of the transaction were not disclosed.
Blackstone announced today that funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities completed the previously announced acquisition of International Market Centers, Inc. (“IMC”), the world’s largest owner and operator of premier showroom space for the furnishings, home decor and gift industries, from Bain Capital Private Equity, L.P. and funds managed by Oaktree Capital Management, L.P. Fireside Investments also partnered with Blackstone on the acquisition.
Blackstone announced today that funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities entered into a definitive agreement to acquire International Market Centers, Inc. (“IMC”), the world’s largest owner and operator of premier showroom space for the furnishings, home decor and gift industries, from Bain Capital Private Equity, LP and funds managed by Oaktree Capital Management, L.P. Fireside Investments is also expected to partner with Blackstone in the acquisition. Financial terms of the transaction were not disclosed.