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Blackstone-Owned Safe Harbor Nears $1.5 Billion Deal to Buy MarineMax, Sources Say
The cash deal would give Safe Harbor all of MarineMax’s business segments after months of investor pressure.
- Blackstone Infrastructure's Safe Harbor Marinas is nearing a $1.5 billion deal to acquire Florida-based MarineMax, offering around $53 per share in cash—a significant premium to Friday's closing price of $35.68.
- MarineMax began formally soliciting buyer interest in April after activist investor Donerail publicly pressured the company to sell or replace CEO Brett McGill; the retailer operates 65 marinas and 70 dealerships across the United States.
- The transaction values MarineMax's equity at $1.17 billion according to Reuters calculations, with activist investor Donerail and private equity firm Centerbridge among final bidders; MarineMax carries $335 million in long-term debt.
- Safe Harbor will own and operate all of MarineMax's business segments if the deal closes, with a final agreement potentially announced as soon as this week barring last-minute complications, sources noted.
- This acquisition would represent Safe Harbor's most significant deal since Blackstone completed a $5.7 billion buyout in April of last year, positioning the firm to expand its marina network across U.S., Caribbean and Mediterranean markets.
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Blackstone-owned Safe Harbor nears US$1.5 billion deal to buy MarineMax, sources say
Blackstone Infrastructure’s Safe Harbor Marinas, the world’s largest owner and operator of marinas, is nearing a US$1.5 billion deal to acquire MarineMax , people familiar with the matter said.
·Toronto, Canada
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The Economic TimesReposted by 
Times of India
Times of IndiaBlackstone-owned Safe Harbor nears $1.5 billion deal to buy MarineMax, sources say
Safe Harbor Marinas is nearing a significant acquisition deal for MarineMax. This potential $1.5 billion agreement will conclude months of investor pressure. The deal is expected to be announced very soon this week. MarineMax is a prominent recreational yacht retailer with many dealerships. This acquisition will expand Safe Harbor's global marina network.
·Mumbai, India
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Total News Sources22
Leaning Left0Leaning Right2Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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