The Company operates a full-service marina and boatyard with nearly 200 wet slips, seasonal wet and dry storage for approximately 300 vessels, a comprehensive ship's chandlery and parts operation, and end-to-end boat maintenance and service capabilities. The business is supported by an established waterfront footprint that has been assembled and improved over several decades and accommodates its integrated marina, storage, service and retail operations.

Our Client has built deep technical expertise across both powerboats and sailboats, supported by factory-trained and certified personnel across multiple leading engine and generator brands. Two 35-ton travel lifts, dedicated fabrication capabilities, and specialized facilities allow the Company to perform a broad range of maintenance, repair, and refurbishment work in-house.

A well-established ship's chandlery further differentiates the business, combining extensive marine parts and supplies with experienced personnel known for identifying and sourcing difficult-to-find components. This technical knowledge, together with the Company's longstanding reputation for quality and dependable service, has supported strong customer relationships and referral-driven demand.

The Company serves a broad base of vessel owners throughout Northern New Jersey and the greater New York metropolitan area, with approximately 90% to 95% of demand generated locally. Its prime waterfront location provides direct access to Raritan Bay and the broader NY/NJ boating market. The Company maintains a direct marketing database of approximately 3,000 customers, with no individual customer representing more than 10% of revenue.

Our Client offers an established marine services business supported by strategic waterfront real estate, recurring seasonal revenue, a diversified customer base and broad technical expertise. Opportunities for continued growth include expanding service capacity, optimizing pricing, increasing cross-selling, enhancing customer outreach and improving facility utilization. The Company is seeking a partner to support continued growth and further develop its integrated marine services platform. Kensington Park Capital has been retained to lead this process.