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Tag "MarineMax"

Wider Yachts partners with MarineMax

Wider Yachts partners with MarineMax

MarineMax will be the exclusive broker of Wider Yachts catamarans in North America following a new partnership. Both companies expect the Italian-built yachts to enter the North American market next year. Wider Yacht’s catamaran division currently has five units of

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Testing positive

Testing positive

Reporting a positive result has a slightly different connotation in a post-pandemic world, but there is only good news coming from publicly listed companies. Unlike private companies – which can bluff their way through tough markets – listed ones have

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MarineMax secures $1.35b loan

MarineMax secures $1.35b loan

MarineMax has secured loans of $1.35b to support its growth. The yacht retailer has increased its floor plan line by $250m from its existing arrangement and acquired $400m to finance the acquisition of IGY Marinas earlier this week. The debts

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MarineMax buys IGY Marinas for up to $580m

MarineMax buys IGY Marinas for up to $580m

MarineMax has bought Island Global Yachting (IGY Marinas), which owns 23 marinas worldwide, for $480m. Tom Mukamal, the CEO and IGY Marina’s senior management team will stay and have agreed to a two year earnout which could add $100m to

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Marine Max increases financial capacity

Marine Max increases financial capacity

MarineMax has increased the amount, and extended the term, of its credit facility. The facility now provides America’s largest boat retailer with $500m of borrowing capacity, further increasing its liquidity and financial flexibility. The enhanced credit facility has a three-year

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Flagship: The only way is up (pandemic permitting)

Flagship: The only way is up (pandemic permitting)

As the old adage goes: ’Everything comes in threes’. The same could be said for when the global pandemic became a reality in the superyacht sector. Covid-induced anxiety aside, travel and quarantine restrictions and, in a business sense, a fear

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MarineMax posts record fiscal results in past quarter

MarineMax posts record fiscal results in past quarter

MarineMax has posted record sales and earnings growth for the quarter ending December 31st, 2020. W. Brett McGill, President and CEO, said: “We delivered record sales and earnings growth in the quarter on top of very strong performance a year

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MarineMax to delve deeper into superyacht market

MarineMax to delve deeper into superyacht market

MarineMax plans to broaden its business strategy, including through recent acquisitions of Fraser Yachts Group, Northrop & Johnson and Skipperbud’s, to increase its superyacht brokerage and luxury yacht services and marina and storage services. The US-based maritime giant is hoping

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Flagship: Business booming stateside

Flagship: Business booming stateside

Staycation is a term we have all become more familiar with since March. In the US yachting world, the reality is no different. The market growth which began in September 2019 has continued, bar a slight stutter due to March’s

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MarineMax acquires SkipperBud’s, expanding to 20 new locations

MarineMax acquires SkipperBud’s, expanding to 20 new locations

MarineMax has acquired marine service company, SkipperBud’s, and its affiliate, Silver Seas, ex-panding MarineMax’s service area to 20 new locations. The move will “deepen the North-South-West connection [in the US] for both organisations and their customers”. With the acquisition, MarineMax

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