~Acquires Prominent Boston Area Marina~
CLEARWATER, Fla.--(BUSINESS WIRE)--
MarineMax, Inc. (NYSE:HZO), the nation’s largest recreational boat and
yacht retailer, today announced it has expanded its presence in the
Northeast by acquiring Bay Pointe Marina in Massachusetts. Bay Pointe
Marina is a well-recognized and established full service marina serving
the greater Boston market and is located on the Town River in Quincy.
Bay Pointe Marina, first opened as a recreational marina in the 1960’s,
has approximately 250 in water slips and 11 acres to store more than 300
boats during the winter, as well as a 50-ton travel lift capable of
hauling boats over 65 feet. The marina also includes a popular 300-seat
restaurant tenant known as Bay Pointe Waterfront.
W. Brett McGill, President and Chief Operating Officer of MarineMax
stated, “Strategically adding marinas in key markets, is an important
component of our ongoing strategy to expand our retail operations and
grow our market share. Building upon our 2016 successful merger with
Russo Marine in the Boston area, we believe adding this great marina
will enhance our market leading presence in this strong boating market.
Bay Pointe Marina, combined with our other regional locations, will
enable us to expand our service capability and welcome new customers to
our boating family.”
About MarineMax
Headquartered in Clearwater, Florida, MarineMax is the nation’s largest
recreational boat and yacht retailer. Focused on premium brands, such as
Sea Ray, Boston Whaler, Meridian, Hatteras, Azimut Yachts, Ocean
Alexander, Galeon, Grady-White, Harris, Crest, Mastercraft, Bennington,
Scout, Sailfish, Sea Pro, Sportsman, Scarab Jet Boats, Yamaha Jet Boats,
Tige, Aquila, Nautique, and NauticStar, MarineMax sells new and used
recreational boats and related marine products and services as well as
provides yacht brokerage and charter services. MarineMax currently has
63 retail locations in Alabama, Connecticut, Florida, Georgia, Maryland,
Massachusetts, Minnesota, Missouri, New Jersey, New York, North
Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, and Texas, and
operates MarineMax Vacations in Tortola, British Virgin Islands.
MarineMax is a New York Stock Exchange-listed company. For more
information, please visit www.marinemax.com.
Forward Looking Statement
Certain statements in this press release are forward-looking as
defined in the Private Securities Litigation Reform Act of 1995.
Such
forward-looking statements include the addition of the Bay Point Marina
enhancing the Company’s presence in the Boston boating market and the
transaction enabling the Company to expand its service capability and
welcome new customers to its boating family.
These statements are
based on current expectations, forecasts, risks, uncertainties and
assumptions that may cause actual results to differ materially from
expectations as of the date of this release. These risks, assumptions
and uncertainties include the assumption the Company’s abilities to
accomplish its goals and strategies, the success of the acquisition,
synergies expected from the acquisition, general economic conditions and
the level of consumer spending, and numerous other factors identified in
the Company’s Form 10-K for the fiscal year ended September 30, 2017 and
other filings with the Securities and Exchange Commission.
The
Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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MarineMax, Inc.
Michael H. McLamb
Chief Financial Officer
or
Public
Relations
Abbey Heimensen, 727-531-1700
or
Investor
Relations
ICR, LLC.
Brad Cohen, 203-682-8211
Source: MarineMax, Inc.