The acquisition of MarineMax by Safe Harbor has been officially agreed. The all-cash transaction values the company at around $1.5 billion and is expected to be completed by the end of the year.
Safe Harbor Marinas is acquiring MarineMax, a yacht and boat dealer and marina operator. The two companies have entered into a binding acquisition agreement. Safe Harbor is part of the Blackstone Infrastructure portfolio.
Safe Harbor intends to acquire all outstanding MarineMax shares for $53 in cash each. According to the information provided, the enterprise value of the transaction amounts to approximately $1.5 billion.
The purchase price represents a premium of 96 per cent over MarineMax’s closing share price of $27.03 on 30 January 2026. This was the last trading day prior to the public announcement of an unsolicited and non-binding takeover bid. Compared with the volume-weighted average price over the previous 90 days, the premium amounts to 110 per cent.
According to MarineMax, the agreement is the result of a competitive strategic review process. The company’s board of directors has unanimously approved the transaction and recommends that shareholders vote in favour of the takeover at an extraordinary general meeting to be convened.
Completion planned by the end of 2026
Completion is expected by the end of 2026, subject to the approval of MarineMax shareholders, regulatory approvals and other customary conditions precedent. No financing condition is envisaged. Following completion of the transaction, MarineMax is to continue as a private company. The shares would then no longer be traded on the New York Stock Exchange.
MarineMax has more than 120 locations worldwide, including more than 70 sales offices and 65 marinas and storage facilities. The company’s portfolio includes, amongst others, IGY Marinas, the yacht brokers Fraser Yachts Group and Northrop & Johnson, and the boat manufacturers Cruisers Yachts and Intrepid Powerboats.
