Safe Harbor to Acquire MarineMax in $1.5 Billion Deal
MarineMax, Inc., which operates marinas and provides superyacht services as well as boat and yacht retail, along with Safe Harbor Marinas (“Safe Harbor”), a business focusing on marina and superyacht services, have disclosed that they have finalized a definitive agreement.
Safe Harbor will purchase all issued and outstanding common stock shares of MarineMax at a price of $53.00 per share in cash.
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The cash-only deal signifies an enterprise value of roughly $1.5 billion.
The acquisition cost reflects a 96 percent premium over MarineMax’s closing stock price of $27.03 on January 30, 2026, the final trading day before the public announcement of an unsolicited non-binding offer to purchase 100 percent of the Company, and a 110 percent premium over the Company’s 90-day volume-weighted average price for the period ending January 30, 2026.
The deal is the result of a thorough strategic evaluation process conducted by the Company’s Board of Directors (the “Board”) and management, supported by the Company’s independent financial and legal consultants.
The transaction, unanimously endorsed by the Board, is projected to finalize by the end of the calendar year 2026, contingent upon standard closing conditions, which include specific regulatory approvals and the consent of MarineMax’s shareholders. The Board advises MarineMax shareholders to cast their votes in support of the transaction at a special meeting convened to decide on the deal. The completion of the transaction does not depend on any financing condition.
“We are pleased to have reached this agreement with Safe Harbor,” says Brett McGill, Chief Executive Officer and President of MarineMax. “Throughout this process, we have remained focused on maximizing value for our shareholders and positioning MarineMax for continued growth and success. I am proud of the strength of our differentiated, resilient and integrated model, loyal customer base, talented team and premium product portfolio. The scale of our combined platforms will help us enhance and expand our offerings, deepen our partner and customer relationships, and provide greater opportunities for our team.”
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Baxter Underwood, Chief Executive Officer of Safe Harbor, says, “MarineMax has a talented team and deep relationships across the industry. By bringing together these two complementary businesses, we believe we can create greater value for boaters and an expanded service offering for the industry. We look forward to partnering with the MarineMax team to support their next chapter of growth.”
Rebecca White, Chairperson of the Board, adds, “The transaction announced today is the result of careful consideration and negotiation by the Board and management. Following a thoughtful and comprehensive process, the Board unanimously concluded that this transaction is in the best interests of MarineMax and its shareholders, and that the transaction price represents compelling and certain value for MarineMax’s shares.”
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Upon completion of the transaction, MarineMax would transform into a privately owned entity, and its common stock would be removed from the New York Stock Exchange listings. MarineMax will submit more details about the transaction to the U.S. Securities and Exchange Commission (“SEC”) in a Current Report on Form 8-K.