MarineMax CEO On The $480 Million Deal Set To Make Maritime History
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Rachel Ingram, a Forbes contributor and specialist in luxury lifestyle, travel and yachting, spoke with Brett McGill to discuss recent acquisitions and plans for the future.
“What started as a small boat dealership nearly 50 years ago has grown into one of the most important companies in the maritime industry, thanks to several smart strategic acquisitions. The latest sees the business expand its asset class and become the go-to trusted name for boat owners and all their needs across the USA – and, increasingly, globally.”
“We're talking, of course, about MarineMax, which purchased Island Global Yachting (IGY Marinas) earlier this year for $480m in cash – the deal is said to be one of the biggest in maritime history.”
"The acquisition sees MarineMax add 23 of the world's most desirable and prestigious marinas – including North Cove Marina, Marina Cabo San Lucas, IGY Vieux Port de Cannes and IGY Ibiza Marina – to its growing portfolio of premium yachting destinations and yacht management services."
"It's the latest in a line of stellar purchases the Florida-headquartered company has made, which include Fraser, Northrop & Johnson and Boatyard, amongst others."
"The acquisition sees MarineMax add 23 of the world's most desirable and prestigious marinas – including North Cove Marina, Marina Cabo San Lucas, IGY Vieux Port de Cannes and IGY Ibiza Marina – to its growing portfolio of premium yachting destinations and yacht management services."
"It's the latest in a line of stellar purchases the Florida-headquartered company has made, which include Fraser, Northrop & Johnson and Boatyard, amongst others."
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