MarineMax Completes Acquisition of Shelter Bay Marine
MarineMax (NYSE: HZO), the world's largest recreational boat, yacht and superyacht services company, has completed its acquisition of Shelter Bay Marine, a full-service marina and storage facility located in Marathon, Florida. The strategic acquisition expands MarineMax's presence in the Middle Keys region and is expected to be accretive in the first full year of operations.
The integration of Shelter Bay's experienced team into MarineMax aligns with the company's long-term growth and margin enhancement strategy, strengthening its ability to serve boaters across the region.
MarineMax (NYSE: HZO), la più grande azienda al mondo nel settore dei servizi per barche da diporto, yacht e superyacht, ha completato l'acquisizione di Shelter Bay Marine, un marina e struttura di stoccaggio a servizio completo situata a Marathon, Florida. Questa acquisizione strategica amplia la presenza di MarineMax nella regione delle Middle Keys e si prevede che sarà accretiva nel primo anno completo di operazioni.
L'integrazione del team esperto di Shelter Bay in MarineMax è in linea con la strategia di crescita a lungo termine e di miglioramento dei margini dell'azienda, rafforzando la sua capacità di servire i diportisti in tutta la regione.
MarineMax (NYSE: HZO), la compañía más grande del mundo en servicios de barcos recreativos, yates y superyates, ha completado la adquisición de Shelter Bay Marine, una marina y centro de almacenamiento de servicio completo ubicado en Marathon, Florida. Esta adquisición estratégica amplía la presencia de MarineMax en la región de los Middle Keys y se espera que sea acretiva en el primer año completo de operaciones.
La integración del equipo experimentado de Shelter Bay en MarineMax se alinea con la estrategia de crecimiento a largo plazo y mejora de márgenes de la compañía, fortaleciendo su capacidad para atender a los navegantes en toda la región.
MarineMax (NYSE: HZO), 세계 최대의 레크리에이션 보트, 요트 및 슈퍼요트 서비스 회사가 플로리다 마라톤에 위치한 종합 서비스 마리나 및 저장 시설인 Shelter Bay Marine의 인수를 완료했습니다. 이 전략적 인수는 MarineMax의 미들키스 지역 내 입지를 확대하며 첫 해에 긍정적인 기여를 할 것으로 예상됩니다.
Shelter Bay의 경험이 풍부한 팀을 MarineMax에 통합하는 것은 회사의 장기 성장 및 마진 향상 전략과 일치하며, 지역 내 보트 이용자들에게 서비스를 제공하는 능력을 강화합니다.
MarineMax (NYSE: HZO), la plus grande entreprise mondiale de services pour bateaux de loisirs, yachts et superyachts, a finalisé l'acquisition de Shelter Bay Marine, une marina et un centre de stockage à service complet situé à Marathon, en Floride. Cette acquisition stratégique élargit la présence de MarineMax dans la région des Middle Keys et devrait être accrétive au cours de la première année complète d'opérations.
L'intégration de l'équipe expérimentée de Shelter Bay au sein de MarineMax s'inscrit dans la stratégie de croissance à long terme et d'amélioration des marges de l'entreprise, renforçant sa capacité à servir les plaisanciers dans toute la région.
MarineMax (NYSE: HZO), das weltweit größte Unternehmen für Freizeitboote, Yachten und Superyacht-Dienstleistungen, hat die Übernahme von Shelter Bay Marine, einer voll ausgestatteten Marina und Lagerstätte in Marathon, Florida, abgeschlossen. Diese strategische Übernahme erweitert die Präsenz von MarineMax in der Region der Middle Keys und wird voraussichtlich im ersten vollen Betriebsjahr positiv beitragen.
Die Integration des erfahrenen Teams von Shelter Bay in MarineMax steht im Einklang mit der langfristigen Wachstums- und Margensteigerungsstrategie des Unternehmens und stärkt die Fähigkeit, Bootsfahrer in der gesamten Region zu bedienen.
- Acquisition expected to be accretive in first full year
- Strategic expansion in Middle Keys market
- Adds full-service marina and storage capabilities
- None.
“The acquisition of Shelter Bay Marine strategically expands our presence in the Middle Keys, strengthening our ability to serve boaters across the region,” said Brett McGill, the Company’s Chief Executive Officer and President. “We welcome Shelter Bay’s experienced team to the MarineMax family as we continue to execute on our long-term growth and margin enhancement strategy.”
About MarineMax
As the world’s largest lifestyle retailer of recreational boats and yachts, as well as yacht concierge and superyacht services, MarineMax (NYSE: HZO) is United by Water. We have over 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities. Our integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world’s premier manufacturers of premium sport yachts, motor yachts, and Aviara luxury dayboats; and Intrepid Powerboats, a premier manufacturer of powerboats. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. In addition, we operate MarineMax Vacations in Tortola,
Forward Looking Statement
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include the expectation that the acquisition of Shelter Bay Marine will be accretive in the first full year of operations, as well as the financial and operational benefits of the acquisition. These statements are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions, and uncertainties include the return to normal operations of the Company’s locations, the timing of and potential outcome of the Company’s long-term improvement plan, the estimated impact resulting from the Company’s cost-reduction initiatives, the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the performance and integration of the recently acquired businesses, general economic conditions, as well as those within the Company's industry, the liquidity and strength of our bank group partners, the level of consumer spending, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2024 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250305862441/en/
Investors:
Mike McLamb
Chief Financial Officer
MarineMax, Inc.
727-531-1700
Scott Solomon
Sharon Merrill Advisors
857-383-2409
HZO@investorrelations.com
Source: MarineMax, Inc.
FAQ
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What type of facility is Shelter Bay Marine that MarineMax (HZO) acquired?
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