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Press release content from PR Newswire. The AP news staff was not involved in its creation.

Rybovich Joins Safe Harbor Marinas

January 4, 2021 GMT
Safe Harbor Marinas Logo
Safe Harbor Marinas Logo

DALLAS, Jan. 4, 2021 /PRNewswire/ -- We are pleased to announce that Safe Harbor Marinas has acquired Rybovich, the premier US destination and service provider for the superyacht industry.

“We’re extremely excited about what this means for our people, our customers, and our partners,” said Wayne Huizenga Jr., owner and CEO of Rybovich. “We share with Safe Harbor a fundamental commitment to excellence in service and hospitality. We believe this transaction will allow us to deliver on that commitment at more and more locations over time.”

“Not only are our people continuing at Rybovich,” said Carlos Vidueira, who will oversee Safe Harbor’s superyacht marinas “but we will have access to more resources and a larger, growing network. Our commitment to our community, our team members and their families, and to the yacht owners, their captains and crews has never been stronger. We’ve been searching for the right way to serve them all from a larger platform and we’ve found it.”

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“Our plan is to serve Rybovich with excellence so they, in turn, can do what they do so well at more locations throughout the country and perhaps the world,” said Baxter Underwood, CEO of Safe Harbor. “We are humbled and honored to be on their team.”

About Safe Harbor Marinas

Safe Harbor is the largest owner and operator of marinas in the world. Based in Dallas, Texas, the company is dedicated to providing exceptional service and memorable experiences to the global boating community.

About Rybovich

Rybovich strives to deliver unparalleled customer service from its two superyacht marina and service centers based in Palm Beach County, Florida. Rybovich built its internationally-renowned reputation by meeting their commitments, one relationship at a time.

Resources for additional information

media@shmarinas.com
www.shmarinas.com
www.rybovich.com

Cautionary statement regarding forward-looking statements

This press release contains various “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and Sun Communities, Inc. and/or its affiliates (“Sun”) intend that such forward-looking statements will be subject to the safe harbors created thereby. Forward-looking statements can be identified by words such as “will,” “may,” “could,” “expect,” “anticipate,” “believes,” “intends,” “should,” “plans,” “estimates,” “approximate,” “guidance,” and similar expressions in this press release that predict or indicate future events and trends and that do not report historical matters.

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These forward-looking statements reflect Sun’s current views with respect to future events and financial performance, but involve known and unknown risks, uncertainties, and other factors, some of which are beyond its control. These risks, uncertainties, and other factors may cause the actual results to be materially different from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include the effects of the COVID-19 pandemic and related stay-at-home orders, quarantine policies and restrictions on travel, trade and business operations; national, regional and local economic climates; difficulties in the ability to evaluate, finance, complete and integrate acquisitions, developments and expansions successfully; the ability to maintain rental rates and occupancy levels; competitive market forces; the performance of recent acquisitions; changes in market rates of interest; changes in foreign currency exchange rates; the ability of purchasers boats to obtain financing; and the level of repossessions by boat lenders. Further details of potential risks that may affect Sun are described in its periodic reports filed with the U.S. Securities and Exchange Commission, including in the “Risk Factors” sections of its Annual Report on Form 10-K for the year ended December 31, 2019 and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and September 30, 2020.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements included in this press release, whether as a result of new information, future events, changes in its expectations or otherwise, except as required by law.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. All written and oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by these cautionary statements.

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SOURCE Safe Harbor Marinas