IMAGE COURTESY MARINEMAX

MarineMax Inc. today announced it completed the acquisition of Island Global Yachting LLC (IGY Marinas), effective Oct. 1.

“We are excited to have completed the acquisition of IGY Marinas which is consistent with our strategic plan to grow our high-margin businesses, expand our product offerings, and increase our geographic reach,” CEO and president of MarineMax, W. Brett McGill, said in a statement. “We extend a warm welcome to Tom Mukamal, CEO of IGY Marinas, and the IGY Marinas management team, who will continue to lead the growth and operations of the IGY business.”

According to the statement, IGY Marinas offers a global network of 23 marinas in the Americas, the Caribbean and Europe. The network of marinas is further bolstered by the company’s Trident superyacht membership program, expansive service offerings, and comprehensive yacht management platform. The acquisition also expands MarineMax’s portfolio of marinas and creates cross-sell opportunities with its Fraser Yachts and Northrop & Johnson superyacht services businesses.