MarineMax Acquires Private Insurance Services
July 8, 2020
MarineMax, Inc. acquired Private Insurance Services, a specialty yacht insurance agency affiliated with Northrop & Johnson, expanding MarineMax's financial services offerings into the yacht insurance segment. The acquisition broadens MarineMax’s capability to provide superyacht and yacht insurance programs to owners, management groups and brokerage partners worldwide and supports the company’s strategy to diversify into higher-margin services.
- Buyers
- MarineMax, Inc.
- Targets
- Private Insurance Services
- Industry
- Financial Services
- Location
- Florida, United States
- Transaction Type
- Buyout
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