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.