Safe Harbor Marinas, a Blackstone Infrastructure portfolio company, has entered into a definitive agreement to acquire MarineMax in an all-cash transaction valued at approximately $1.5 billion.
Under the agreement, Safe Harbor will acquire all outstanding MarineMax common shares for $53 per share in cash. The transaction represents an enterprise value of approximately $1.5 billion.
The $53 per-share purchase price represents a 96% premium to MarineMax’s closing price of $27.03 on January 30, 2026, the last trading day before public disclosure of an unsolicited non-binding proposal to acquire the company.
The price also represents a 110% premium to MarineMax’s 90-day volume-weighted average share price for the period ending January 30.
The agreement follows a competitive strategic review conducted by MarineMax’s board and management with assistance from independent financial and legal advisers.
MarineMax operates an integrated recreational marine platform encompassing boat and yacht retailing, marinas, superyacht services and marine-related products and services.
The company has more than 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities.
Its portfolio includes IGY Marinas, superyacht brokerage and services companies Fraser Yachts Group and Northrop & Johnson, yacht manufacturer Cruisers Yachts and Intrepid Powerboats. MarineMax also provides financing, insurance and digital services through platforms including Boatyard and Boatzon.
Safe Harbor operates marinas and superyacht services for the global boating market and is owned by Blackstone Infrastructure.
The companies believe combining their businesses will create a larger marine services platform with broader offerings for boaters and additional opportunities to deepen customer and industry relationships.
MarineMax’s board unanimously approved the transaction and recommends that shareholders vote in favor of the deal.
The acquisition is expected to close by the end of calendar year 2026, subject to MarineMax shareholder approval, regulatory clearances and other customary closing conditions.
The transaction is not subject to a financing condition.
Following completion, MarineMax will become a privately held company and its common stock will no longer trade on the New York Stock Exchange.
Wells Fargo is serving as exclusive financial advisor to MarineMax, with Sidley Austin serving as legal counsel.
Evercore is serving as exclusive financial advisor to Safe Harbor, while Simpson Thacher & Bartlett is providing legal counsel.
KEY QUOTES:
“Throughout this process, we have remained focused on maximizing value for our shareholders and positioning MarineMax for continued growth and success. I am proud of the strength of our differentiated, resilient and integrated model, loyal customer base, talented team and premium product portfolio.”
“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.”
Brett McGill, Chief Executive Officer and President of MarineMax
“MarineMax has a talented team and deep relationships across the industry. By bringing together these two complementary businesses, we believe we can create greater value for boaters and an expanded service offering for the industry.”
Baxter Underwood, Chief Executive Officer of Safe Harbor
“Following a thoughtful and comprehensive process, the Board unanimously concluded that this transaction is in the best interests of MarineMax and its shareholders, and that the transaction price represents compelling and certain value for MarineMax’s shares.”
Rebecca White, Chairperson of the Board of MarineMax
