Tag Archives: Brett McGill

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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MarineMax reports record Q2 for FY 2021

MarineMax, Inc. announced results for its second quarter ended March 31, 2021. Revenue increased 70%, or over $214 million, to $523.1 million for the quarter ended March 31, 2021 from $308.5 million in the comparable period last year. Same-store sales grew over 45% on top of a 1% increase in the comparable quarter last year. The growth was driven by ...

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MarineMax reports record Q1 results

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced results for its first quarter ended December 31, 2020. Revenue increased 35%, or over $107 million, to $411.5 million for the quarter ended December 31, 2020 from $304.2 million in the comparable period last year. Same-store sales grew over 20% in the quarter, driven by even ...

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MarineMax reports record earnings

MarineMax logo

MarineMax, Inc., the nation’s largest recreational boat and yacht retailer, announced record results for its fourth quarter and full year ended September 30, 2020. Revenue grew over 29% to $398.8 million for the quarter ended September 30, 2020, from $308.1 million for the comparable quarter last year. The increase was driven by strong same-store sales growth of 33%. Included in ...

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MarineMax acquires SkipperBud’s and affiliates

MarineMax recently announced the acquisition of SkipperBud's and its affiliate, Silver Seas, deepening the North-South-West connection for both organizations and their customers.  SkipperBud’s was founded over 60 years ago with the realization that the growth and success of the company depended on its team members. Under Michael Pretasky Sr., SkipperBud’s demonstrated a commitment to customers by delivering the dream of the boating lifestyle ...

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MarineMax reports third quarter results

MarineMax, Inc. announced results for its third quarter ended June 30, 2020. Revenue grew approximately 30% to $498.3 million for the quarter ended June 30, 2020, from $383.5 million for the comparable quarter last year. The increase was driven by same-store sales growth of 37% which was on top of a 3% increase in the comparable period last year. Net ...

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MarineMax enters yacht insurance business with acquisition

MarineMax, Inc. (NYSE: HZO) announced that it acquired Private Insurance Services, a specialty yacht insurance agency. Private Insurance Services, an affiliate and part of the recent acquisition of Northrop & Johnson, provides yacht insurance programs for top yacht management groups, maritime attorneys and brokerage houses worldwide. With the acquisition, MarineMax enters the yacht insurance segment of the industry, expanding its ...

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