M&A Deal Summary

MarineMax Acquires Russo Marine

On April 18, 2016, MarineMax acquired retailer Russo Marine

Acquisition Highlights
  • This is MarineMax’s 3rd transaction in the Retail sector.
  • This is MarineMax’s 4th transaction in the United States.
  • This is MarineMax’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2016-04-18
Target Russo Marine
Sector Retail
Buyer(s) MarineMax
Deal Type Add-on Acquisition

Target

Russo Marine

Danvers, Massachusetts, United States
Russo Marine is a powerboat retailer.

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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 4 of 16
Sector (Retail) 3 of 4
Type (Add-on Acquisition) 4 of 16
State (Massachusetts) 1 of 1
Country (United States) 4 of 16
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-02 Bahia Mar Marina

Pensacola, Florida, United States

Bahia Mar Marina is a provider of complete marina services, including haul outs, fiberglass repairs, fuel, both rack and in-water storage, as well and new and used boat sales.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-12 Hall Marine Group

Lake Wylie, South Carolina, United States

Hall Marine Group is a boat manufacturers like Sea Ray, Boston Whaler, Bennington, Scout, and Harris FloteBote.

Buy -