M&A Deal Summary

MarineMax Acquires Cruisers Yachts

On May 3, 2021, MarineMax acquired marine company Cruisers Yachts for 63M USD

Acquisition Highlights
  • This is MarineMax’s 4th transaction in the Marine sector.
  • This is MarineMax’s 2nd largest (disclosed) transaction.
  • This is MarineMax’s 10th transaction in the United States.
  • This is MarineMax’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2021-05-03
Target Cruisers Yachts
Sector Marine
Buyer(s) MarineMax
Deal Type Add-on Acquisition
Deal Value 63M USD

Target

Cruisers Yachts

Oconto, Wisconsin, United States
Cruisers Yachts is a manufacturer of premium yachts, producing models from 33’ to 60’ feet. Models include 338 Bow Rider, 338 Outboard, 39 Express Coupe, 42 Cantius, 46 Cantius, 50 Cantius, 54 Cantius, 54 Fly, 60 Cantius, and 60 Fly. Cruisers Yachts was founded in 1953 and is based in Oconto, Wisconsin.

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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 10 of 16
Sector (Marine) 4 of 9
Type (Add-on Acquisition) 10 of 16
State (Wisconsin) 1 of 1
Country (United States) 10 of 16
Year (2021) 1 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-08 Private Insurance Services

United States

Private Insurance Services is a specialty yacht insurance agency in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 Intrepid Powerboats

Largo, Florida, United States

Intrepid Powerboats is a producer of customized boats, reflecting the unique desires of each individual owner. Intrepid Powerboats combined with advanced composite construction, each boat is not only unique to its owner. Intrepid Powerboats is based in Largo, Florida.

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Mergr

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