MarineMax To Expand Superyacht Services in Greece
25 Setembro 2023 - 8:30AM
Business Wire
Fraser Yachts to Acquire Majority Interest of
Leading Greek Charter Management Agency Atalanta Golden Yachts
Strengthens MarineMax’s Position as World’s
Largest Provider of Superyacht Services
Acquisition Expected to be Accretive in First
Full Year of Operations
MarineMax, Inc. (NYSE: HZO), the world’s largest recreational
boat, yacht, and superyacht services company, today announced that
Fraser Yachts, its wholly owned subsidiary, has executed a
definitive agreement to acquire a controlling interest of Atalanta
Golden Yachts, a leading charter management agency based in Athens,
Greece. John Dragnis, principal shareholder of Atalanta Golden
Yachts, maintains a significant stake and will remain involved in
the growth and development of Fraser’s operations in Greece. The
acquisition is expected to close in the quarter ending December 31,
2023, and be accretive in its first full year of operations.
Atalanta Golden Yachts is one of Greece’s leading yacht charter
management companies. Since 2006, Atalanta Golden Yachts has
successfully managed luxury charters for clients in Greece and many
other destinations around the world, including France, Italy,
Croatia, Turkey, the Red Sea, and the Caribbean.
Brett McGill, MarineMax Chief Executive Officer and President,
stated, “The addition of Atalanta Golden Yachts complements our
leading superyacht brokerage and luxury yacht offerings and is a
testament to our continued expansion into higher-margin businesses
with global reach. Atalanta Golden Yachts’ long-standing
relationships and network of clients, combined with Fraser Yachts’
full-service yachting offerings, strengthens our commitment to
providing unparalleled luxury yachting experiences to a growing
number of customers worldwide. We are thrilled that the Atalanta
Golden Yachts team will be joining our Fraser team in Greece and
look forward to further solidifying our position in this attractive
and growing market.”
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 130 locations worldwide, including 78 dealerships and 59
marinas. 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 and motor yachts; 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, British Virgin Islands, which offers our
charter vacation guests the luxury boating adventures of a
lifetime. Land comprises 29% of the earth’s surface. We’re focused
on the other 71%. Learn more at www.marinemax.com.
About Atalanta Golden Yachts Atalanta Golden Yachts,
established in 2006, stands as a premier yacht management and sales
firm. We have an unparalleled network of relationships in the
superyacht world and our proficiency encompasses luxury charters
spanning from the Mediterranean and the Red Sea to the Caribbean.
Boasting an impressive fleet of superyachts, the foundation of our
legacy rests upon trust and expertise, with yacht owners
confidently placing their vessels in our care. Our charter
specialists possess profound yacht knowledge and hands-on
familiarity, maintaining regular connections with captains and
crews while drawing from extensive Mediterranean itinerary
experience.
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 expectations that the acquisition of
Atalanta Golden Yachts will close in the quarter ending December
31, 2023 and be accretive in the first full year of operations, as
well as the solidification of the Company’s position in the
superyacht services market. 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 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, 2022 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230922910613/en/
Investors: Mike McLamb Chief Financial Officer MarineMax, Inc.
727-531-1700 Scott Solomon or Laura Resag Sharon Merrill
Associates, Inc. investors@marinemax.com 617-542-5300
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