MarineMax to Be Taken Private by Blackstone-Owned Safe Harbor for $1.5 Billion
By Connor Hart
MarineMax agreed to be taken private by Safe Harbor Marinas, a portfolio company owned by Blackstone, for approximately $1.5 billion, including debt.
Under the terms of the deal, Safe Harbor will buy all issued and outstanding shares of MarineMax's common stock for $53 apiece, the companies said Monday.
The price represents a 96% premium to MarineMax's closing share price of $27.03 on Jan. 30, which the companies said was the last trading day prior to public disclosure of an acquisition.
Shares of MarineMax jumped 37% to $48.88 in premarket trading.
MarineMax is a recreational boat and yacht retailer, marina operator and superyacht services company with over 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities.
The transaction, which is expected to close by the end of the year, comes after what MarineMax called a competitive strategic review process, led by its board and management with the assistance of independent financial and legal advisors.
"We are pleased to have reached this agreement with Safe Harbor," Chief Executive Brett McGill said. "The scale of our combined platforms will help us enhance and expand our offerings, deepen our partner and customer relationships, and provide greater opportunities for our team."
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
August 10, 2026 08:09 ET (12:09 GMT)
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