Elevating the Marina Experience
Our mission at BlueWater Marinas is to deliver an exceptional customer experience through professional management, premium amenities, and a dedicated team with more than 110 years of combined experience in marina operations. Focused on thoughtfully growing a portfolio of high-quality marinas in premier boating markets, BlueWater Marinas offers a full suite of services designed to let customers focus on what matters most—enjoying their time on the water.
BLUEWATER MARINAS
Premium marinas. Professional Management.
BlueWater Marinas formed a strategic joint venture with Bain Capital Real Estate in which it will rely on its long-standing industry relationships and successful track record to assemble a best-in-class portfolio of irreplaceable marinas in high barrier-to-entry markets. This partnership brings together Bain Capital’s real estate expertise and operational capabilities with BlueWater’s deep industry knowledge and hands-on marina management experience, creating a powerful platform focused on growth, innovation, and exceptional customer service.
Our Experience
MANAGEMENT TEAM
BlueWater's principals and management team previously founded and ran Atlantic Marina Holdings ("AMH") and PORT32 Marinas ("P32") and have over 110 years combined experience in the industry. With a focus on high-quality customer service, the BlueWater team built one of the premier marina portfolios in the country.
ACQUISITION HISTORY
Since 2003, BlueWater's principals have acquired, developed and managed over 4,000 wet and dry slips and over 140,000 square feet of marine commercial space.
PROVEN TRACK RECORD
BlueWater's management team has consistently delivered exceptional risk adjusted returns for its investors and will continue to rely on its deep industry relationships to maximize the value for its investors.
STRATEGIC JOINT VENTURE
Bain Capital and BlueWater formed a strategic joint venture in 2024 to acquire and operate high-quality, storage-centric marina properties in premier boating markets along the East Coast. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements.
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What's New at BlueWater
Stay informed with the latest company announcements, acquisitions, and milestones shaping the future of BlueWater Marinas.
BOSTON & CHARLESTON, S.C. – January 09, 2026 – BlueWater Marinas (“BlueWater”) today announced the acquisition of Kent Narrows Boatel (“KNB”), a Class-A, heated drystack marina located just outside of Annapolis in Kent Narrows, MD. KNB will be the fourth marina added to the Bain Capital/BlueWater portfolio.
KNB opened in 2017 and has since become a cornerstone of the local boating community, given its commitment to quality operations and an impeccable physical plant. Situated off the Bay Bridge on the upper Chesapeake Bay and surrounded by popular waterways, the Boatel is conveniently located on Kent Island and serves as a premier access point to many of the Chesapeake Bay’s most sought-after waterways, with nearby waterfront dining, in-shore fishing, watersports, and popular day-trip destinations. The property offers 375 slips for annual, seasonal, and winter storage and boasts more than 12,000 square feet of ground-level commercial space.
Andrew Terris, a Partner at Bain Capital Real Estate, stated, “Kent Narrows Boatel is an outstanding addition to our growing portfolio. The property’s offerings, location, and modern infrastructure align perfectly with our strategy of investing in high-quality marinas in premier boating markets.”
Dunston Powell, BlueWater Principal and Head of Acquisitions, added, “Rob Marsh and Jody Schulz have built a phenomenal reputation for this site as its developers, owners, and operators. Today, KNB is one of the highest quality marinas in the Mid-Atlantic, attracting boaters from Annapolis, Washington, D.C., Baltimore, and Philadelphia due to its prime location, exceptional facilities, and unique climate-controlled winter storage. We look forward to working with the onsite team and further enhancing the customer experience for boaters throughout the region.”
About Bain Capital Real Estate
Bain Capital Real Estate was formed in 2018 and pursues investments in often hard-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company), having invested and committed over $9 billion of equity across multiple sectors. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate’s strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm’s global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. Bain Capital is one of the world’s leading private investment firms with approximately $185 billion of assets under management. For more information, visit https://www.baincapitalrealestate.com/.
About BlueWater Marinas
Headquartered in Charleston, South Carolina, BlueWater Marinas will acquire, develop and operate coastal marina assets, including both dry and wet slips. Established by former executives and key team members of PORT 32 Marinas and Atlantic Marina Holdings, alongside several marina industry top performers, BlueWater Marinas brings unparalleled expertise in marina development and management, delivering exceptional service to its customers. With a proven track record, BlueWater Marinas will build and operate a distinguished portfolio of Class A marina assets in prime markets along the East Coast. For more information, please visit https://bw-marinas.com.
BOSTON and CHARLESTON, S.C. – August 11, 2025 – Bain Capital and BlueWater Marinas (“BlueWater”), led by Joe Miller and Dunston Powell, today announced the acquisition of Glyn’s Marine (“Glyn’s”), a dry slip marina and service center on Nantucket Island in Massachusetts. The private, off-market transaction was completed through an exclusive joint venture between Bain Capital Real Estate and BlueWater focused on acquiring and operating high-quality, storage-centric marina properties in premier boating markets along the East Coast.
Founded over 30 years ago and strategically located in the center of the Nantucket Island, Glyn’s Marine has built a strong reputation for providing winter storage and comprehensive marine services. Initially started as a small service facility, the property has grown into one of the island’s largest service and storage providers.
“This acquisition is the first of many for the JV in the Northeast, and we can think of no better place to start than Glyn’s, which is a truly special asset in a top-tier boating market” said Mr. Miller. “We’re excited to include this asset in our growing portfolio, and we believe Nantucket’s devoted boating community will appreciate both the operational expertise our partnership brings, as well as the commitment we have to upholding Glyn’s long-standing reputation .”
Glyn’s marks Bain Capital and BlueWater’s third acquisition since forming a strategic partnership.
BOSTON and CHARLESTON, S.C. – April 21, 2025 – Bain Capital’s Real Estate team (“Bain Capital”) and BlueWater Marinas (“BlueWater”), led by Joe Miller and Dunston Powell, today announced the acquisition of Boathouse Marine Center (“BMC”), a dry-stack marina in Pompano Beach, Florida. Financial terms of the private, off-market purchase were not disclosed.
Bain Capital and BlueWater formed a strategic joint venture in 2024 to acquire and operate high-quality, storage-centric marina properties in premier boating markets along the East Coast. BMC is the second asset in the JV’s portfolio, adding to the joint venture’s acquisition of Harbor at Lemon Bay, a dry-stack marina located in the Sarasota submarket of Englewood, Florida.
“Consistent with Bain Capital’s thematic, customer-oriented investment approach, the marina sector benefits from several long-term secular growth drivers, including very high structural supply barriers, increased consumer spending on experiences, and sustained demand for larger boats,” said Andrew Terris, a Partner at Bain Capital. “BMC represents a compelling opportunity to acquire an attractive asset in one of our highest conviction markets, and we look forward to building upon our partnership with the BlueWater team as we seek to assemble a best-in-class portfolio of marinas that is advantaged by high barrier-to-entry locations and BlueWater’s operational expertise.”
Strategically positioned, BMC offers a convenient location in a dense, affluent market near the Hillsborough Inlet. Pompano Beach, a submarket of Fort Lauderdale, is a long-established boating market that benefits from heavy year-round boating traffic and features some of the strongest supply-demand imbalances in the country.
Miller, Powell and the BlueWater team have over 110 years of combined experience acquiring, developing, and operating marinas and previously successfully scaled a best-in-class portfolio as the founders and principals under a separate well-known marinas brand. Commenting on the joint venture, Miller stated that “Bain Capital is an outstanding, highly aligned partner. Their reputation precedes them and we now understand why they are so highly regarded. We feel extremely fortunate to team with such a fine firm as we continue forward in the marina sector.”
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About Bain Capital Real Estate
Bain Capital Real Estate was formed in 2018 and pursues investments in often hard-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company), having invested and committed over $9 billion of equity across multiple sectors. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate’s strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm’s global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. Bain Capital is one of the world’s leading private investment firms with approximately $185 billion of assets under management. For more information, visit https://www.baincapitalrealestate.com/.
About BlueWater Marinas
Headquartered in Charleston, South Carolina, BlueWater Marinas will acquire, develop and operate coastal marina assets, including both dry and wet slips. Established by former executives and key team members of PORT 32 Marinas and Atlantic Marina Holdings, alongside several marina industry top performers, BlueWater Marinas brings unparalleled expertise in marina development and management, delivering exceptional service to its customers. With a proven track record, BlueWater Marinas will build and operate a distinguished portfolio of Class A marina assets in prime markets along the East Coast. For more information, please visit https://bw-marinas.com.