Tag Archives: Brett McGill

MarineMax to acquire IGY Marinas

MarineMax, Inc. today announced that it has entered into a definitive agreement to acquire Island Global Yachting LLC (IGY Marinas), which owns and operates a collection of marina assets and a yacht management platform in key global yachting destinations. MarineMax will acquire IGY Marinas for $480 million in cash, with an additional potential earnout of up to $100 million two ...

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MarineMax announces record Q3 results

MarineMax, Inc. announced results for its third quarter ended June 30, 2022. Revenue increased 3% to a record $688.5 million for the quarter ended June 30, 2022, from $666.3 million in the comparable period last year. Revenue growth benefitted from contributions of recent strategic acquisitions, as same-store sales declined 5% versus an increase of 6% a year ago and a ...

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MarineMax hires SVP of People Strategy

MarineMax recently announced its hiring of Beth Garland as its new senior vice president of people stratgey. “I am pleased to welcome Beth Garland to the MarineMax family, as the senior vice president of people strategy," Brett McGill, MarineMax CEO and president, said. "Beth’s 25-plus years of experience in human resources and operations will help us as we continue to ...

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MarineMax invests in Boatzon

MarineMax, Inc. announced that it has invested in Boatzon. Boatzon, is the first 100% online boat and marine retailer providing secure direct marketplace services.   Boatzon provides marine enthusiasts access to boats, engines, trailers, marine products and more. Consumers can browse, finance, insure, purchase, and arrange delivery of boats and marine products entirely online. The first of its kind in ...

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MarineMax acquires SYM

MarineMax, Inc. announced that it has acquired Superyacht Management, S.A.R.L., better known as SYM. SYM is a superyacht management company based in Golfe Juan, France. The acquisition is expected to be accretive in its first full year.  SYM is being acquired by Northrop & Johnson, a superyacht brokerage and charter services business, which MarineMax acquired in 2020. SYM expands Northrop ...

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MarineMax expands in Texas

MarineMax, Inc. recently announced it has acquired the assets of Texas MasterCraft. Texas MasterCraft is a full-service Dallas, Texas area towboat dealer that operates primarily from two locations. The Dallas-area market is the largest towboat market in the United States. Texas MasterCraft generated revenue of over $45 million in 2020. The acquisition is expected to be accretive in its first full ...

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MarineMax to acquire Intrepid Powerboats

MarineMax announced that it has entered into a definitive agreement to acquire Intrepid Powerboats (Intrepid), a premier manufacturer of powerboats. MarineMax expects the acquisition to close before December 31, 2021, and to be accretive in its first full twelve-month period. Intrepid Powerboats is recognized as a world-class producer of customized boats, carefully reflecting the unique desires of each individual owner. Based in Largo, Florida, ...

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MarineMax reports record Q3

MarineMax, Inc. recently announced results for its third quarter ended June 30, 2021. Revenue grew 34%, or over $168 million, to $666.3 million for the quarter ended June 30, 2021 from $498.3 million in the comparable period last year. Same-store sales grew 6% on top of a 37% increase in the comparable quarter last year. MarineMax said overall revenue growth ...

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MarineMax acquires Nisswa Marine

 MarineMax announced the acquisition of Nisswa Marine, a full-service dealer located in Nisswa, Minnesota.  Founded in the 1930’s, Nisswa Marine is one of the oldest dealers in the country. Lead by Brent, Jeremy and Steve Wiczek, Nisswa Marine offers premium brands, including Mastercraft, Supra, Moomba, Chris Craft and Premier Pontoons. Providing storage for almost 1,000 boats annually, the business has built an ...

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MarineMax acquires Cruisers Yachts

MarineMax, Inc. announced the acquisition of KCS International, Inc., better known as Cruisers Yachts, headquartered in Oconto, Wis. Cruisers Yachts (Cruisers) is recognized as a premier manufacturer of premium yachts, producing models from 33- to 60-feet. Cruisers, due to demand, recently announced the expansion of their production capacity by purchasing a 216,000 square foot, purpose-built boat manufacturing plant in Pulaski, ...

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