MarineMax Significantly Expands Global Marina Business with the Closing of IGY Marinas
04 Outubro 2022 - 8:30AM
Business Wire
MarineMax, Inc. (NYSE: HZO), the world’s largest recreational
boat and yacht retailer today announced that it has significantly
expanded its global marina business with the completion of the
previously announced acquisition of Island Global Yachting LLC
(“IGY Marinas”), effective October 1, 2022.
IGY Marinas owns and operates a collection of iconic marina
assets in key global yachting destinations. It distinguishes itself
with a synergistic network of strategically positioned luxury
marinas situated in the world’s most coveted yachting and
sport-fishing destinations. IGY Marinas offers a global network of
23 irreplaceable marinas in the Americas, the Caribbean, and
Europe, delivering year-round customer touchpoints catering to a
wide variety of luxury yachts, while also being exclusive home
ports for some of the world’s largest megayachts. The network of
marinas is further bolstered by its exclusive Trident superyacht
membership program, expansive service offerings, and comprehensive
yacht management platform. IGY Marinas strategically expands
MarineMax’s portfolio of marinas and creates cross-sell
opportunities with its Fraser Yachts and Northrop & Johnson
superyacht services businesses.
“We are excited to have completed the acquisition of IGY Marinas
which is consistent with our strategic plan to grow our high-margin
businesses, expand our product offerings, and increase our
geographic reach,” said W. Brett McGill, Chief Executive Officer
and President of MarineMax. “We extend a warm welcome to Tom
Mukamal, CEO of IGY Marinas, and the IGY Marinas management team,
who will continue to lead the growth and operations of the IGY
business.”
MarineMax expects to provide additional financial information
when the Company reports its fiscal 2022 results.
For more information on the IGY Marinas acquisition, please see
the presentation in the Investor Relations section of our website
found here: MarineMax's Acquisition of IGY Marinas
About MarineMax
MarineMax is the world’s largest recreational boat and yacht
retailer, selling new and used recreational boats, yachts, and
related marine products and services, as well as providing yacht
brokerage and charter services. MarineMax has over 100 locations
worldwide, including 78 retail dealership locations, some of which
include marinas. Collectively, with the IGY acquisition, MarineMax
owns or operates 57 marinas worldwide. Through Fraser Yachts and
Northrop & Johnson, the Company also is the largest superyacht
services provider, operating locations across the globe. Cruisers
Yachts, a MarineMax company, manufactures boats and yachts with
sales through our select retail dealership locations and through
independent dealers. Intrepid Powerboats, a MarineMax company,
manufactures powerboats and sells through a direct-to-consumer
model. MarineMax provides finance and insurance services through
wholly owned subsidiaries and operates MarineMax Vacations in
Tortola, British Virgin Islands. The Company also owns Boatyard, an
industry-leading customer experience digital product company.
MarineMax is a New York Stock Exchange-listed company (NYSE: HZO).
For more information, please visit www.marinemax.com.
Forward-Looking Statement
Certain statements in this press release may be forward-looking
as defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements include the acquisition creating
cross-selling opportunities, the acquisition being consistent with
MarineMax's strategic plan to grow its high-margin businesses,
expand its product offerings, and increase its geographic reach,
and the post-closing management and growth of the IGY business.
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
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 impacts
(direct and indirect) of COVID-19 on the Company’s business, the
Company’s employees, the Company’s manufacturing partners, and the
overall economy, general economic conditions, as well as those
within our industry, the level of consumer spending, the Company’s
ability to integrate acquisitions into existing operations, and
numerous other factors identified in the Company’s Form 10-K for
the fiscal year ended September 30, 2021 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/20221004005227/en/
Michael H. McLamb Chief Financial Officer 727-531-1700
Media: Katherine Cooper MarineMax, Inc.
Investors: Brad Cohen or Dawn Francfort
investorrelations@marinemax.com
MarineMax (NYSE:HZO)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
MarineMax (NYSE:HZO)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024