M&A
confidence medium
sentiment neutral
materiality 0.60
MarineMax completes $480M acquisition of IGY Marinas; files historical financials
MARINEMAX INC
- Closed acquisition of Island Global Yachting LLC and Island Gardens Deep Harbour for $480M cash, effective Oct 1, 2022.
- Potential earnout of up to $100M cash payable two years post-closing, subject to achieving performance metrics.
- Filed audited financial statements of IGY (2021 and 2020) and IGDH, plus unaudited combined interim statements for six months ended June 30, 2022.
- Pro forma financial statements filed, reflecting combined operations as if the acquisition occurred earlier.