Suntex Marinas Taps Goldman to Explore Strategic Options

https://www.bloomberg.com/news/articles/2019-04-24/suntex-marinas-said-to-tap-goldman-to-explore-strategic-options

The Dallas-based company is seeking funds to fuel growth but may also consider selling itself, a transaction that could be close to $1 billion, said some of the people, who asked not to be named because the matter is private. Representatives for Suntex and Goldman Sachs declined to comment.

Suntex is the primary investor behind the proposed privatization of the Marine Stadium Marina. The privatization is expected to increase costs for Miami residents and limit affordable access to Miami’s oceans and bays. Suntex is working to privatize the City of Miami managed marina, called Marine Stadium Marina in Virginia Key, Miami Florida. The privatization venture is being called Virginia Key LLC.

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