
Safe Harbor, Blackstone Comment on MarineMax Buy
Trade Only Today reached out to Safe Harbor, its parent Blackstone and to MarineMax for comment on this week’s acquisition announcement.

Trade Only Today reached out to Safe Harbor, its parent Blackstone and to MarineMax for comment on this week’s acquisition announcement.

Blackstone-backed Safe Harbor Marinas will acquire all issued and outstanding shares of common stock for $53 per share in cash, a $1.5 billion deal.

Reuters reports the company has drawn final-round interest from Blackstone, Donerail and Centerbridge.

Gross profit increased 9.2% to $218.1 million, despite a 7% decline in same-store sales.

Beth Garland joined the company five years ago as senior vice president of people strategy.

The company will exclusively represent World Cat’s new Ducari Yachts power cat brand.

North Point Marina, located between Chicago and Milwaukee, has 1,500 slips.

The awards were presented during the Sea Ray Dealer Meeting earlier this month.

Revenue declined 15.4%, as gross margin increased 4.4%, driven by growth in higher-margin businesses.

Tabor Reins, former co-owner of Advantage Boat Center, joins the Georgia location.

Trade Only Today reached out to Safe Harbor, its parent Blackstone and to MarineMax for comment on this week’s acquisition announcement.

Blackstone-backed Safe Harbor Marinas will acquire all issued and outstanding shares of common stock for $53 per share in cash, a $1.5 billion deal.

Reuters reports the company has drawn final-round interest from Blackstone, Donerail and Centerbridge.

Gross profit increased 9.2% to $218.1 million, despite a 7% decline in same-store sales.

Beth Garland joined the company five years ago as senior vice president of people strategy.

The company will exclusively represent World Cat’s new Ducari Yachts power cat brand.

North Point Marina, located between Chicago and Milwaukee, has 1,500 slips.

The awards were presented during the Sea Ray Dealer Meeting earlier this month.

Revenue declined 15.4%, as gross margin increased 4.4%, driven by growth in higher-margin businesses.

Tabor Reins, former co-owner of Advantage Boat Center, joins the Georgia location.