Private equity giant Blackstone has agreed to acquire Safe Harbor Marinas, a Dallas-based marina and superyacht servicing company, for $5.65 billion from Sun Communities. Why it matters: This is a reminder that the pandemic-era boating boom didn't sink.

Blackstone’s infrastructure arm is acquiring the largest marina and superyacht servicing business in the US from Sun Communities for $5.65bn (€5.4bn). The investment firm’s infrastructure funds have agreed to acquire Safe Harbor Marinas which owns and operates 138 marinas across the US and Puerto Rico.