MarineMax agreed on 10 August to be acquired by Safe Harbor Marinas, a marina and superyacht services business owned by Blackstone Infrastructure, for $53.00 per share in cash.
Why Safe Harbor Marinas is buying MarineMax
The sale is the outcome of a competitive strategic review led by MarineMax's board. MarineMax operates boat and yacht dealerships, marinas, superyacht services and the Cruisers Yachts and Intrepid brands.
Deal terms and financing
The price is a 96% premium to MarineMax's closing price of $27.03 on 30 January 2026, the last trading day before an unsolicited non-binding proposal was disclosed, and 110% above its 90-day VWAP to that date. The deal has an enterprise value of about $1.5bn.
Regulatory approvals and timing
Closing is expected by the end of 2026, subject to shareholder and regulatory approvals; MarineMax filed its definitive proxy in October.
Market context
MarineMax has more than 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities, and owns IGY Marinas, Fraser Yachts and Northrop & Johnson.
