MarineMax to Acquire Williams Tenders USA, Complementing its Luxury Yacht and Superyacht Offerings
08 Janeiro 2024 - 10:00AM
Business Wire
~Transaction Adds Premier Distributor and
Retailer of Luxury Yacht Tenders to MarineMax’s Portfolio of
Integrated Marine Assets~
~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
it has entered into a definitive agreement to acquire Williams
Tenders USA, Inc. The acquisition is expected to close by March 31,
2024, and be accretive in its first full year of operations.
Headquartered in Pompano Beach, Florida, Williams Tenders USA is
a premier distributor and retailer for UK-based Williams Jet
Tenders Ltd., the world’s leading manufacturer of rigid inflatable
jet tenders for the luxury yacht market. The company offers the
unparalleled range of tenders through its own showroom location and
via its network of 20 dealers in the United States and the
Caribbean.
“Williams Tenders USA complements our product and service
offerings, enhancing the value we provide to yacht and superyacht
customers,” stated Brett McGill, Chief Executive Officer and
President of MarineMax. “This transaction aligns with a key element
of our growth strategy of acquiring high-quality businesses that
expand our unique portfolio of assets, strengthen our margin
profile, and deepen our relationships with customers across the
recreational marine ecosystem. Like MarineMax, Williams Tenders USA
is a business that is passionate about the boating lifestyle. We
look forward to welcoming company President Chris Rimmer and his
talented team to the MarineMax family and building on their success
as a distributor in the US and Caribbean.”
“MarineMax is an outstanding organization with a reputation for
excellence. Their extensive resources and global network will
enable us to further scale our independently run operations across
North America,” Chris Rimmer stated. “As a result, Williams Tenders
USA will be able to better serve our yacht customers and dealers
and propel our business to a new level of growth.”
About Williams Tenders USA
Williams Tenders USA is the premier U.S. distributor and
retailer for Williams Jet Tenders, the world's leading luxury jet
tender manufacturer. The United Kingdom based manufacturer was
established in 2005 and is known for its innovative,
high-performance tenders and customized yacht solutions. In 2014,
Williams Jet Tenders established its U.S. distributor and retailer,
Williams Tenders USA. Headquartered in Pompano Beach, Florida, and
with dealer locations on the U.S. East and West Coasts, in the
Great Lakes region and in the Caribbean, Williams Tenders USA
provides comprehensive coverage for customers throughout the United
States and the Caribbean.
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 81 dealerships and 66 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 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.
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 Williams Tenders, USA, Inc. will close by March 31,
2024, and 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
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 its 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, 2023 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/20240105209396/en/
Investors: Mike McLamb Chief Financial Officer MarineMax, Inc.
727-531-1700
Scott Solomon or Laura Resag Sharon Merrill Advisors
investors@marinemax.com 617-542-5300
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