TopSide Marinas completed the acquisition of two marinas on the shores of Lake Michigan, including Bay Marine of Sturgeon Bay and Bay Marine of Chicago. Previous owners, Matt and Mark Felhofer, will continue to own and operate Bay Marine Yacht Sales, which will leaseback showroom and office space at both locations.
With the acquisition, TopSide Marinas now owns and operates a total of 10 marinas across six states. Bay Marine of Sturgeon Bay was established in 1965 as a family-owned and operated marina, spanning 16 acres with 100 wet slips, 115,000 square feet of inside storage, a service shop and a captain’s lounge.
Bay Marine of Chicago was built in 2016 and is in Waukegan, Illinois, less than a mile from TopSide’s other marina, the historic 91-year-old Larsen Marine. Bay Marine of Chicago serves the Chicago and Milwaukee markets, providing 40,000 square feet of inside storage, 7,000 square feet of office space, and a comprehensive service operation.
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