Trident Acquires Chesapeake Marinas

Trident Marine Group announced that it merged with Coastal Properties Management, adding six Chesapeake Bay marinas to the management company’s portfolio.

Trident already manages Nabbs Creek Marina & Yacht Yard, Chesapeake Harbour Marina and Annapolis Maryland Capital Yacht Club. The deal will add Coastal Properties’ Bowley’s Marina, Diamond Teague Piers, Piney Narrows Yacht Haven, Fort Washington Marina, Belmont Bay Harbor and Little Creek Marina.

“Trident Marine Group remains focused on delivering exceptional customer service to our clients, who are both marina owners and slip holders,” Trident CEO Jeremy Parks said in a statement. “With the addition of new clients, we aim to maintain the individuality and uniqueness of the marinas we serve while making sure current best practices are in place.”

Parks and COO Marie Carbone will remain in their roles, and Trident added that little will change with day-to-day operations. Coastal Properties’ Bruce Wagner will assume the role of vice president of maritime operations at Trident.

Original Article