M&A
confidence high
sentiment positive
materiality 0.75
MarineMax closes $480M acquisition of IGY Marinas, with up to $100M earnout
MARINEMAX INC
- Acquired IGY Marinas for $480M cash, plus up to $100M earnout based on performance metrics.
- IGY Marinas operates 23 luxury marinas in Americas, Caribbean, and Europe, plus Trident superyacht membership.
- Tom Mukamal remains CEO of IGY; deal creates cross-sell with Fraser Yachts and Northrop & Johnson.
- Transaction financed via expanded credit facilities and cash on hand; no material relationship with sellers.
- Financial statements for IGY to be filed as 8-K/A within 71 days.