MarineMax’s $1.5bn sale | Sunseeker’s turnaround | Australia’s record boating market
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Safe Harbor Marinas has agreed to acquire MarineMax in a $1.5 billion dollar all-cash transaction that would connect more than 70 dealerships and 65 marina and storage facilities with the world’s largest marina network. MarineMax shareholders would receive US$53.00 per share, subject to shareholder and regulatory approval. Sunseeker has set out a 5-year plan to strengthen governance, improve operational predictability and rebuild its position in yachts above 100 ft. Plus, Australia’s recreational boating industry has maintained record annual turnover of AUD 10.5 billion as Sydney Boat Show exhibitors report stronger buyer confidence.
Top stories mentioned in this podcast:
- Safe Harbor agrees $1.5 billion dollar MarineMax acquisition
- Sunseeker sets out its plan to revitalise the brand
- Australia’s boating industry maintains record turnover
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The Marine Industry Briefing is hosted by Ben Taylor and Emma Taylor, produced by the Taylor Media team and distributed in collaboration with Marine Industry News.
Sources:
- Safe Harbor agrees $1.5 billion dollars MarineMax acquisition
- Sunseeker sets out its plan to revitalise the brand
- Australia’s boating industry maintains record turnover
- AkzoNobel and Axalta shareholders approve merger
- Grady-White perpetual purpose trust
- LCI Industries second-quarter results
- D-Marin consultancy for Bayn Marina
- Princess Yachts founder David King dies