Tag Archives: W. Brett McGill

MarineMax, Inc. announced the acquisition of Midcoast Construction Enterprises, LLC (“Midcoast Marine Group”), a full-service marine construction company based on Central Florida’s Gulf Coast.  “Midcoast Marine Group complements our growing marina portfolio and adds a valuable skillset to our expanding service offerings,” stated W. Brett McGill, Chief Executive Officer and President of MarineMax. “Adding Midcoast Marine Group to the MarineMax ...

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 ...

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 ...

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 ...

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, ...

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 ...

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, ...

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 ...

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 ...

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 ...