M&A Deal Summary

MarineMax Acquires IGY Marinas

On August 9, 2022, MarineMax acquired marine company IGY Marinas for 480M USD

Acquisition Highlights
  • This is MarineMax’s 7th transaction in the Marine sector.
  • This is MarineMax’s largest (disclosed) transaction.
  • This is MarineMax’s 13th transaction in the United States.
  • This is MarineMax’s 1st transaction in New York.

M&A Deal Summary
Date 2022-08-09
Target IGY Marinas
Sector Marine
Buyer(s) MarineMax
Deal Type Add-on Acquisition
Deal Value 480M USD
Advisor(s) Raymond James - Investment Banking
Moelis & Co. (Financial)

Target

IGY Marinas

New York, New York, United States
IGY Marinas owns and operates a collection of iconic marina assets and a yacht management platform in key global yachting destinations. IGY Marinas was founded in 2005 and is based in New York.

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Buyer(S) 1

Buyer

MarineMax

Clearwater, Florida, United States
Category Company
Founded 1998
Sector Marine
Employees3,928
Revenue 2.4B USD (2023)
DESCRIPTION
MarineMax's corporate headquarters in Clearwater, Florida.
MarineMax's corporate headquarters in Clearwater, Florida.

MarineMax is a recreational boat and yacht retailer. Focused on premium brands, such as Sea Ray, Boston Whaler, Meridian, Cabo, Hatteras, Azimut Yachts, Grady-White, Harris FloteBote, Crest, Scout, Sailfish, Scarab Jet Boats, Aquila, Ocean Alexander, Nautique and Malibu, MarineMax sells new and used recreational boats and related marine products and services as well as provides yacht brokerage and charter services. MarineMax was founded in 1998 and is based in Clearwater, Florida.

DEAL STATS #
Overall 13 of 16
Sector (Marine) 7 of 9
Type (Add-on Acquisition) 13 of 16
State (New York) 1 of 1
Country (United States) 13 of 16
Year (2022) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Texas MasterCraft

Ft. Worth, Texas, United States

Texas MasterCraft is a towboat dealer that operates primarily from two locations that provide trade or sell any used boat, need any boating accessories, or require boat service. Texas MasterCraft was founded in 2001 and is based in Ft. Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-05 Midcoast Marine Group

Tarpon Springs, Florida, United States

Midcoast Marine Group is a full-service marine construction company based on Central Florida’s Gulf Coast. The Group specializes in heavy civil marine construction, including marina development, port berth facilities, commercial docks, and other related services. Midcoast Marine Group was formed in 2012 and is based in Tarpon Springs, Florida.

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