Update: Blackstone Portfolio Company to Buy MarineMax for Roughly $1.50 Billion; Shares Rise

MT Newswires Live

Aug 11

(Updates with the latest stock movement in the last paragraph and headline.)

Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax (HZO) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday.

The purchase price represents a 96% premium to MarineMax's last trading day before the public disclosure of an unsolicited, non-binding takeover proposal.

The deal, which is expected to close by the end of 2026, was unanimously approved by MarineMax's board following a strategic review.

The transaction is not subject to a financing condition, the companies said. Upon completion, MarineMax will no longer be listed on the New York Stock Exchange.

Shares of MarineMax were up roughly 46% in Monday trading, while Blackstone stock was up 2.5%.

Price: 140.58, Change: +3.45, Percent Change: +2.52

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