HZO MarineMax Inc

Item 2.01 Completion of Acquisition or Disposition of Assets.

On October 3, 2022, MarineMax, Inc., a Florida corporation (“MarineMax” or the “Company”), and its wholly-owned subsidiary, MarineMax East, Inc., a Delaware corporation (the “Buyer”) completed its previously-announced purchase of all of the outstanding membership interest units of Island Global Yachting LLC, a Delaware limited liability company, pursuant to the terms of a Securities Purchase Agreement (the “Purchase Agreement”) with Island Marina Holdings LLC, a Delaware limited liability company, and Island Marinas Subsidiary Corp., a Delaware corporation (together, the “Sellers”) dated August 8, 2022 (the “Transaction”). The Transaction was consummated for an aggregate cash purchase price of $480 million in cash, subject to customary purchase price adjustments set forth in the Purchase Agreement, with an additional potential payment of up to $100 million in cash two years after closing, subject to the achievement of certain performance metrics set forth in the Purchase Agreement.

Other than in respect of the Purchase Agreement and certain related agreements, the Company, its subsidiaries, its directors and officers and the associates of such directors and officers have no material relationship with the Sellers

The Transaction was financed through MarineMax’s recently completed expansion of its credit facilities and cash on hand, as described in Item 1.01 of the Form 8-K filed by the Company on August 9, 2022.

This description of the Purchase Agreement is qualified in its entirety by reference to the complete terms and conditions of the Purchase Agreement which is expected to be filed as an exhibit to MarineMax’s Annual Report on Form 10-K for its fiscal year ended September 30, 2022.

On October 4, 2022, MarineMax issued a press release announcing completion of the Transaction. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.