Following a volley of statements and letters between Donerail Group and MarineMax regarding a buyout offer and a notice of intention to vote against reelecting CEO Brett McGill to the MarineMax board, Reuters is reporting that private equity firms Blackstone and Centerbridge Partners “have expressed interest in buying [the] recreational yacht retailer.” The reporting cites three unnamed sources familiar with the matter.
Additionally, Reuters reports: “Recreational vehicle retail company Blue Compass, investor Island Capital Group and private equity group TPG have also expressed interest, the sources said.”
As Trade Only Today reported Feb. 10, MarineMax stated: “The Board is committed to evaluating any credible proposal that has the potential to enhance value … ”
Reuters said representatives from the potentially interested firms did not return calls and emails requesting comment, nor did MarineMax immediately respond to a request for comment.
TradeOnly Today will continue to monitor developments as they arise.
