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| Thad Paul |
FORT LAUDERDALE, FL -
Global alternative asset manager The Carlyle Group (NASDAQ: CG) announced the
acquisition of Lauderdale Marine Center (LMC), the nation's largest yacht
repair facility in terms of the number of large vessels it can haul and
service. Equity for the transaction comes from Carlyle Realty Partners VII, a
U.S. real estate investment fund.
"In partnership with
the outstanding management team and staff at LMC, we will build upon LMC's
success through growth and continued innovation and superb customer service,"
said Thad Paul, Managing Director at
The Carlyle Group.
"Favorable demand trends in the mega-yacht industry and
the high barriers to entry for new supply in Southeast Florida attracted us to
the investment."
Located in Fort Lauderdale on the New River,
visible from I-95 and close to Fort Lauderdale/Hollywood International Airport,
LMC is a 50-acre facility consisting of a boatyard, marina and marine service
center.
It accommodates boats up to 200 feet with 19
covered sheds and 156 wet slips, has three marine travel lifts with haul-out
capacity up to 330 tons, and features 7,000 linear feet of dockage.
For a complete copy of the company’s news release,
please contact:
Pierson Grant Public
Relations
(954) 776 - 1999
Daniel Grant, ext. 235
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