Boating retailer MarineMax to be acquired in $1.5 billion deal
MarineMax Inc. has entered into a deal to private.
The recreational boat and yacht retailer, marina operator and superyacht services company has entered into an agreement with Blackstone-owned Safe Harbor Marinas, a marina and superyacht service business. Under the terms of the agreement, Safe Harbor will acquire all issued and outstanding shares of common stock of MarineMax for $53.00 per share in an all-cash transaction with an enterprise value of approximately $1.5 billion.
If the transaction is completed, MarineMax would become a privately-held company. The company's common stock would no longer be listed on the New York Stock Exchange.
“We are pleased to have reached this agreement with Safe Harbor,” said Brett McGill, CEO and president of MarineMax. “The scale of our combined platforms will help us enhance and expand our offerings, deepen our partner and customer relationships, and provide greater opportunities for our team.”
MarineMax has more than 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities.
The purchase price represents a premium of 96% to MarineMax’s closing share price of $27.03 on Jan. 30, 2026, the last trading day prior to public disclosure of an unsolicited non-binding proposal to acquire 100% of the company, as well as a premium of 110% to the company’s 90-day volume weighted average price for the period ended Jan. 30, 2026.
The transaction was unanimously approved by the board and is expected to close by the end of the calendar year 2026, subject to customary closing conditions, including certain regulatory approvals and the approval of MarineMax’s shareholders. The MarineMax board has recommended that shareholders vote in favor of the transaction.
Advisors
Wells Fargo is serving as exclusive financial advisor and Sidley Austin LLP is serving as legal counsel to MarineMax. Evercore is serving as exclusive financial advisor and Simpson Thacher & Bartlett LLP is serving as legal counsel to Safe Harbor.
