Safe Harbor Marinas has officially made its entry into the Mediterranean yachting market with the acquisition of Monaco Marine, a major player in yacht service and refit across the South of France and Monaco.
This strategic acquisition concludes months of negotiations that began in June, when Safe Harbor first announced its intent to purchase 100% of Monaco Marine’s share capital. The deal signals a significant move in Safe Harbor’s global expansion and marks a new chapter in its international footprint.
With nine premium locations—including Saint Tropez, Antibes, La Ciotat, and Monaco—Monaco Marine brings a robust network of shipyards and service facilities that cater to yachts up to 90 metres. The facilities are known for their high standards of maintenance, refit, and customer care—qualities that align with Safe Harbor’s service philosophy.
“The Monaco Marine team cares deeply about providing exceptional service in some of the world’s most iconic yachting destinations,” said Baxter Underwood, CEO of Safe Harbor Marinas. “We are thrilled to be able to serve captains, crews and owners in places like Saint Tropez, Antibes and Monaco.”
The acquisition also comes at a time of rising demand for high-end yacht maintenance and refit facilities in the Mediterranean, with Safe Harbor aiming to use Monaco Marine’s local expertise and infrastructure as a launchpad for further development in Europe.
With this deal, Safe Harbor now owns and operates 149 marinas and shipyards across key global yachting hubs, expanding its ability to serve a growing international clientele.
This move not only strengthens Safe Harbor’s position as a global marina powerhouse but also reflects a broader industry trend toward consolidation and investment in strategic service locations that enhance the overall yachting experience.
