secwatch.observer — SEC 8-K summary
======================================

Issuer:     MARINEMAX INC (HZO)
CIK:        0001057060
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001193125-22-216160
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MarineMax to acquire IGY Marinas for $480M; expands global marina network
-------------------------------------------------------------------------

- MarineMax (HZO) agrees to buy IGY Marinas for $480M cash, plus up to $100M earnout; expected close H1 FY2023.
- IGY operates 23 luxury marinas across 12 countries with 4,700 berths and projected >$100M revenue in 2022.
- Acquisition more than doubles MarineMax's recurring marina revenue, projected accretive within first 12 months.
- New $1.35B credit facility finances the deal: $400M term loan, $750M floor plan, $100M revolver, $100M mortgage.
- IGY CEO Tom Mukamal and current management to continue leading the business post-close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057060/000119312522216160/0001193125-22-216160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057060/000119312522216160/d313199d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-216160

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer