Tag Archives: MarineMax Inc.

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 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 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 Q1 FY2020 results

MarineMax, Inc. announced results for its first quarter ended Dec. 31, 2019. Revenue increased 26%, or over $62.2 million, to $304.2 for the quarter ended December 31, 2019 from $241.9 million in the comparable period last year. Same-store sales were up over 24%, in the quarter, supported almost entirely by similar growth in units sold. For the sixth consecutive year, ...

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MarineMax expands financing capacity

MarineMax, Inc. (NYSE:HZO), the nation’s largest recreational boat and yacht retailer, announced today that it has expanded its financing facility to provide for borrowings of up to $440 million from the previous limit of $400 million. The expanded facility has a three-year term, expiring in October 2022, and it has two, one-year options to renew, subject to lender approval. Borrowings ...

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MarineMax to host ‘world’s largest online used boat sale’

MarineMax has announced it plans to host the "World’s Largest Online Used Boat Sale," March 21 - 23. To register, visit virtualboatshow.marinemax.com.    "We have the privilege of representing some of the very best brands in major boating markets. Our customers now have a chance to see our entire lineup of used boat inventory from MarineMax locations nationwide, all in ...

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MarineMax names Tj Rose Regional President

MarineMax recently named TJ Rose as regional president. “This is an exciting opportunity to expand upon my current experience and help bring MarineMax to the next level,” Rose said. Rose joined MarineMax in 1999 as a Sales Consultant in Ohio where he eventually became the general manager. Most recently, Rose was a District Manager responsible for operations in Baltimore, Md. ...

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MarineMax Houston gets involved at NASA

After being presented with a special project with NASA, the MarineMax Houston service team couldn’t help but accept the challenge. “It was an incredible experience being able to work on such a unique project. It’s not every day that we get to support NASA!” said Billy Foulkes, MarineMax Houston Service Advisor.  The MarineMax Houston Service team recently had the opportunity ...

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