MarineMax Acquires IGY Marinas
August 9, 2022
MarineMax, Inc. agreed to acquire Island Global Yachting LLC (IGY Marinas) for $480 million in cash plus a potential earnout of up to $100 million, expanding MarineMax's global marina and superyacht services footprint. The transaction, expected to close in the first half of fiscal 2023 (closed effective October 1, 2022 per follow-up release), adds 23 luxury marinas, a yacht management platform and the IGY Trident membership program while IGY's management will remain in place.
- Buyers
- MarineMax, Inc.
- Targets
- Island Global Yachting LLC (IGY Marinas)
- Industry
- Real Estate
- Location
- Florida, United States
- Transaction Type
- Buyout
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