Safe Harbor, a Blackstone-owned marina and superyacht servicing business, is acquiring MarineMax in an all-cash deal valuing the company at an enterprise value of around $1.5bn (€1.3bn).
Safe Harbor’s offer of $53.00 per share represents a 96% premium to NYSE-listed MarineMax’s closing share price on 30 January 2026, the final trading day prior to public disclosure of a possible takeover.
The transaction, which follows a strategic review process by MarineMax’s board, will result in the marina operator, superyacht services provider and boat retailer being delisted from the stock exchange to become a private company.
Brett McGill, CEO and president of MarineMax, said: “Throughout this process, we have remained focused on maximising 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.”
Baxter Underwood, CEO of Safe Harbor, said: “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. We look forward to partnering with the MarineMax team to support their next chapter of growth.”
Rebecca White, chairperson of MarineMax’s board, said: “The transaction announced today is the result of careful consideration and negotiation by the board and management.
“Following a thoughtful and comprehensive process, the board unanimously concluded that this transaction is in the best interests of MarineMax and its shareholders, and that the transaction price represents compelling and certain value for MarineMax’s shares.”
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