Safe Harbor Marinas, a Blackstone Infrastructure portfolio company, will acquire MarineMax in an all-cash deal that values the company at roughly $1.5 billion. As part of the agreement, MarineMax shareholders will receive $53 per share in cash, a 96% premium over the company’s closing stock price on January 30.
“We are pleased to have reached this agreement with Safe Harbor,” said Brett McGill, CEO and president of MarineMax. “Throughout this process, we have remained focused on maximizing value for our shareholders and positioning MarineMax for continued growth and success. I am proud of the strength of our differentiated, resilient and integrated model, loyal customer base, talented team and premium product portfolio. 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.”
The transaction is expected to close by the end of 2026, subject to customary closing conditions, including certain regulatory approvals and the approval of MarineMax’s shareholders. If the transaction is completed, MarineMax would become a privately held company, and its stock would no longer be listed on the New York Stock Exchange.
“MarineMax has a talented team and deep relationships across the industry. By bringing together these two complementary businesses, we believe we can create greater value for boaters and an expanded service offering for the industry,” adds Baxter Underwood, CEO of Safe Harbor. “We look forward to partnering with the MarineMax team to support their next chapter of growth.”
PHOTO: MARINEMAX FACEBOOK
