The world's largest recreational boat and yacht retailer, MarineMax sells new and used premium boats—including Sea Ray, Boston Whaler, and its own Cruisers Yachts and Intrepid Powerboats—plus marina, charter, and superyacht services through brands like IGY Marinas and Fraser Yachts. Founded in 1998 when dealer Bill McGill joined fellow retailers to consolidate a fragmented industry, it grew from retail into manufacturing and marinas. Shoppers enjoy its no-haggle 'One Price' sales approach, skipping the traditional negotiating dance.
MarineMax to be acquired by Blackstone affiliate for $53.00 per share in cash
MarineMax, Inc. entered into a merger agreement on August 9, 2026, to be acquired by SHM Holdco, LLC, an affiliate of Safe Harbor Marinas, a Blackstone Infrastructure portfolio company.
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Each share of MarineMax common stock will be converted into the right to receive $53.00 in cash, without interest.
The merger is expected to close subject to shareholder approval, regulatory clearances, and other customary conditions, with an outside date of May 9, 2027, extendable under certain circumstances.
The board of directors unanimously approved the merger and recommends shareholders vote in favor, based in part on a fairness opinion from Wells Fargo Securities.
The merger agreement includes a no-solicitation clause, a termination fee, and an equity commitment from Blackstone Infrastructure to finance the transaction.
1.01 Entry into a Material Definitive Agreement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
MarineMax reports Q3 FY2026 revenue of $611.3M, net income of $15.4M, and reaffirms guidance.
Revenue declined 7.0% to $611.3 million from $657.2 million in the prior-year quarter, with same-store sales down 7%.
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Gross margin expanded 530 basis points to 35.7%, and gross profit rose 9.2% to $218.1 million.
Net income was $15.4 million ($0.66 per diluted share) versus a net loss of $52.1 million in the prior-year quarter, which included a $69.1 million goodwill impairment.
Adjusted EBITDA increased to $51.3 million from $35.5 million, and adjusted diluted EPS was $0.81 versus $0.05.
The company reaffirmed fiscal 2026 guidance: Adjusted EBITDA of $110-$125 million and adjusted net income of $0.40-$0.95 per diluted share.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
MarineMax refinances $1.49B senior secured credit facilities, extending maturity to June 2031
MarineMax entered a new Amended and Restated Credit Agreement on June 29, 2026, refinancing its existing $950 million floor plan facility and other debt.
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The new facilities include a $950 million floor plan line, a $302.5 million term loan, a $150 million revolver (up from $100 million), and an $85 million delayed draw mortgage facility (with $35 million drawn).
All facilities mature in June 2031, extending the company's debt maturity profile by five years.
Interest rates range from SOFR plus 1.50%-2.0% on the revolver and term loan, SOFR plus 3.25% on the floor plan, and SOFR plus 2.20% on the mortgage facility.
The refinancing is intended to lower borrowing costs, improve terms, and enhance financial flexibility, according to CFO Michael H. McLamb.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
MarineMax reports Q2 FY2026 revenue of $527.4M, net loss of $2.6M, reaffirms guidance
Revenue for the fiscal 2026 second quarter ended March 31, 2026 was $527.4 million, down from $631.5 million in the prior-year period.
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Gross profit margin expanded to 34.4% from 30.0% in the prior-year quarter, driven by higher-margin businesses.
Reported net loss was $2.6 million, or $0.12 per share, versus net income of $3.3 million, or $0.14 per diluted share, in the prior-year period.
Adjusted EBITDA was $23.9 million, compared with $30.9 million in the prior-year quarter.
The company reaffirmed fiscal 2026 guidance for Adjusted EBITDA of $110 million to $125 million and adjusted net income of $0.40 to $0.95 per diluted share.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
MarineMax announces new $100 million stock repurchase plan through March 2028
Repurchases may be made in the open market or in privately negotiated block transactions, with timing based on market conditions and other factors.
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On March 4, 2026, MarineMax's Board approved a new stock repurchase plan authorizing up to $100 million of common stock repurchases through March 2028.
The new plan replaces the March 2024 Plan, under which approximately 1.4 million shares had been repurchased as of March 3, 2026.
The company intends to repurchase shares to mitigate dilution from restricted stock and may reserve shares for employee benefit plans.
As of March 3, 2026, MarineMax had 22,027,414 shares of common stock outstanding.
8.01 Other Events · 9.01 Financial Statements and Exhibits
MarineMax shareholders approve 415,000-share increase to 2021 stock plan at annual meeting
Three directors were elected to three-year terms expiring in 2029: William Brett McGill, Odilon Almeida, and Daniel Schiappa.
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On March 3, 2026, MarineMax held its Annual Meeting and shareholders approved all four proposals.
Shareholders approved the advisory say-on-pay proposal with 13,838,107 votes for and 1,536,192 against.
The amendment to the 2021 Stock-Based Compensation Plan, increasing shares by 415,000, was approved with 13,732,171 votes for.
KPMG LLP was ratified as independent auditor for fiscal year ending September 30, 2026, with 19,511,049 votes for.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits