island global yachting llc

MarineMax To Acquire IGY Marinas Significantly Expanding Global Marina and Services Business

~Largest Superyacht Luxury Marina Network with Iconic Worldwide Locations~

~Will More than Double MarineMax’s Recurring Marina Revenue~

~Increases Global Superyacht Services Capabilities~

~Margin Enhancing Business Further Reduces Business Cyclicality~

~Projected to be Accretive in First Full Year~

CLEARWATER, Fla.--( BUSINESS WIRE )--MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced that it has entered into a definitive agreement to acquire Island Global Yachting LLC (“IGY Marinas”), which owns and operates a collection of iconic marina assets and a yacht management platform in key global yachting destinations. MarineMax will acquire IGY Marinas for $480 million in cash, with an additional potential earnout of up to $100 million two years after closing, subject to the achievement of defined performance metrics. IGY Marinas, through recent acquisitions and organic growth, is projected to generate over $100 million of revenue in calendar 2022. Subject to the satisfaction of customary closing conditions, MarineMax expects the acquisition to close in the first half of fiscal 2023 and to be accretive within the first twelve months of closing. IGY Marinas will maintain its luxury branding that is well recognized as best-in-class in the global marina and superyacht communities. Tom Mukamal, CEO of IGY Marinas, and the IGY Marinas existing management team will continue to lead the growth and operations of the business.

IGY Marinas distinguishes itself with a synergistic network of strategically positioned luxury marinas situated in the world’s most coveted yachting and sport fishing destinations. IGY Marinas has pioneered best-in-class standards for service and quality in nautical tourism around the world. It offers a global network of 23 curated marinas in the Americas, the Caribbean, and Europe, delivering year-round customer touchpoints. IGY Marinas caters to a wide variety of luxury yachts, while also being exclusive home ports for some of the world’s largest megayachts. The network of marinas is further bolstered by its exclusive Trident superyacht membership program, expansive service offerings, and comprehensive yacht management platform. In addition, IGY Marinas is a venue for exclusive events such as the Cannes Yachting Festival, Cannes Lions International Festival of Creativity, Superyacht Miami, and Art Basel. IGY Marinas is unique in that its scale and strategic geographic footprint enables it to provide vertically integrated services to superyacht customers as they travel to popular destinations.

“We are delighted to announce our acquisition of IGY Marinas, a transformative transaction for MarineMax, that significantly strengthens our ability to provide the best customer experience to yacht owners around the world,” said W. Brett McGill, Chief Executive Officer and President of MarineMax. “The addition of IGY Marinas positions MarineMax as the preeminent leader in the superyacht industry—the only company able to offer an integrated experience coupling high value superyacht berthing and marina services in premier locations with exclusive superyacht service offerings. Moreover, this investment continues to diversify our business mix with not only higher margins, but also a larger geographic footprint, especially in highly desired destinations in the Mediterranean and the Caribbean.”

Mr. McGill continued, “We are very pleased to strategically expand with IGY Marinas and have tremendous respect for their outstanding management team for building a high-quality real estate portfolio of luxury marinas with extraordinary growth potential. IGY has experienced significant recent growth, as its brand has become sought-after by yacht owners, as well as public and private marina owners worldwide. This investment aligns with our ongoing strategic acquisition plan, including our superyacht business, to selectively expand our service offerings with acquisitions of high growth, high margin businesses. Furthermore, we strongly believe that IGY Marinas will offer our Fraser Yachts and Northrop & Johnson current and future superyacht customers the opportunity to enhance their yachting experiences by providing them access to the world’s only superyacht marina network.”

“We are excited to join the MarineMax Family and its experienced management team,” said Tom Mukamal, CEO of IGY Marinas. “MarineMax brings significant resources, synergies, and competitive advantages to our business amplifying our potential for both organic and inorganic growth. With IGY’s irreplaceable destination portfolio, demonstrated track record of successful acquisitions and a robust pipeline, we are confident in our collective ability to strengthen and build on our position as the global leader in superyacht and luxury marina destinations and related services.”

As stated above, MarineMax expects the transaction to close in the first half of fiscal 2023, subject to the satisfaction of customary closing conditions. The transaction will be financed through MarineMax’s recently completed expansion of its credit facilities and cash on hand.

Raymond James represented MarineMax, while Moelis & Company LLC represented IGY Marinas.

About MarineMax

MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 100 locations worldwide, including 79 retail dealership locations, which includes 34 marinas or storage operations. Through Fraser Yachts and Northrop and Johnson, the Company also is the largest superyacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax is a New York Stock Exchange-listed company (NYSE: HZO). For more information, please visit www.marinemax.com .

Forward Looking Statement

Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include the acquisition being accretive, the acquisition being transformative to MarineMax and strengthening its ability to provide superyacht services and making MarineMax the preeminent leader in the industry and related timing, and the post-closing management of IGY. These statements are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions and uncertainties include the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the impacts (direct and indirect) of COVID-19 on the Company’s business, the Company’s employees, the Company’s manufacturing partners, and the overall economy, general economic conditions, as well as those within our industry, the level of consumer spending, the Company’s ability to integrate acquisitions into existing operations, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2021 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Michael H. McLamb Chief Financial Officer 727-531-1700 Media: Abbey Heimensen MarineMax, Inc.

Investors: Brad Cohen or Dawn Francfort ICR, LLC [email protected]

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MarineMax, Inc.

Us5679081084, recreational products.

• MarineMax, Inc. completed the acquisition of Island Global Yachting LLC from Island Capital Group LLC.

Latest news about MarineMax, Inc.

Chart MarineMax, Inc.

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• News , Ports and marinas , Press releases

MarineMax to acquire IGY Marinas for further expansion

• Editorial Staff
• August 25, 2022

MarineMax , the world’s largest recreational boat and yacht retailer, has announced that it has entered into a definitive agreement to acquire, by the first half of 2023, Island Global Yachting LLC (“IGY Marinas”), which owns and operates a collection of iconic marina assets and a yacht management platform in key global yachting destinations. MarineMax will acquire IGY Marinas for USD 480 million. The new owner expects IGY Marinas to generate over $100m in revenue in 2022/2023 as a result of the acquisition and growth targets. IGY Marinas will maintain its luxury branding that is well recognized as best-in-class in the global marina and superyacht communities. Tom Mukamal, CEO of IGY Marinas, and the IGY Marinas existing management team will continue to lead the growth and operations of the business.

IGY Marinas distinguishes itself with a synergistic network of strategically positioned luxury marinas situated in the world’s most iconic and coveted yachting and sport fishing destinations. IGY Marinas has pioneered best-in-class standards for service and quality in nautical tourism around the world. It offers a global network of 23 curated marinas in the Americas, the Caribbean, and Europe, delivering year-round customer touchpoints. IGY Marinas caters to a wide variety of luxury yachts, while also being exclusive home ports for some of the world’s largest superyachts. Moreover, IGY Marinas is a venue for exclusive events such as the Cannes Yachting Festival, Cannes Lions International Festival of Creativity, Superyacht Miami, and Art Basel.

“ Our acquisition of IGY Marinas is a transformative transaction for MarineMax, that significantly strengthens our ability to provide the best customer experience to yacht owners around the world,” said W. Brett McGill , CEO and President of MarineMax. “The addition of IGY Marinas positions MarineMax as the preeminent leader in the superyacht industry—the only company able to offer an integrated experience coupling high value superyacht berthing and marina services in premier locations with exclusive superyacht service offerings. Moreover, this investment continues to diversify our business mix with not only higher margins, but also a larger geographic footprint, especially in highly desired destinations in the Mediterranean and the Caribbean.”

Mr. McGill continued, “We are very pleased to strategically expand with IGY Marinas and have tremendous respect for their outstanding management team for building a high-quality real estate portfolio of luxury marinas with extraordinary growth potential. IGY has experienced significant recent growth, as its brand has become sought-after by yacht owners, as well as public and private marina owners worldwide. This investment aligns with our ongoing strategic acquisition plan, including our superyacht business, to selectively expand our service offerings with acquisitions of high growth, high margin businesses. Furthermore, we strongly believe that IGY Marinas will offer our Fraser Yachts and Northrop & Johnson current and future superyacht customers the opportunity to enhance their yachting experiences by providing them access to the world’s only superyacht marina network.”

“We are excited to join the MarineMax Family and its experienced management team,” said Tom Mukamal, CEO of IGY Marinas. “MarineMax brings significant resources, synergies, and competitive advantages to our business amplifying our potential for both organic and inorganic growth. We are confident in our collective ability to strengthen and build on our position as the global leader in superyacht and luxury marina destinations and related services.”

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MarineMax Announces Acquisition of IGY Marinas In a $480M Deal

The MarineMax team is excited about this recent business development that will help expand their high-margin businesses. Brett McGill, Chief Executive Officer and President of MarineMax, explains, “The addition of IGY Marinas positions MarineMax as the preeminent leader in the superyacht industry—the only company able to offer an integrated experience coupling high-value superyacht berthing and marina services in premier locations with exclusive superyacht service offerings. Moreover, this investment continues to diversify our business mix with not only higher margins but also a larger geographic footprint, especially in highly desired destinations in the Mediterranean and the Caribbean.”

IGY’s CEO Tom Mukamal appears to be equally excited to join MarineMax as he explains that the merger will lead to increased resources and competitive advantages for the company. Island Global Yachting isn’t the only one benefiting from this acquisition. Considering they are on track to make over $100 million this calendar year, IGY more than doubles MarineMax’s recurring resilient marina revenue. Aside from bringing over a new customer base, IGY has strong brand recognition and a global presence that will benefit both retailers on their path to new growth. Mukamal adds, “With IGY’s irreplaceable destination portfolio, demonstrated track record of successful acquisitions, and a robust pipeline, we are confident in our ability to strengthen and build on our position as the global leader in superyacht and luxury marina destinations and related services.”

MarineMax is continuing its global expansion across more prestigious marinas like North Cove Marina at Brookfield Place and Marina Cabo San Lucas. As the demand for charters and superyachts continues to increase, it appears that MarineMax will have endless opportunities for growth.

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By SuperyachtNews 09 Aug 2022

MarineMax to acquire IGY Marinas for $480 million in cash

Marinemax expects the transaction to close in the first half of fiscal 2023, subject to the satisfaction of customary closing conditions….

MarineMax , the world’s largest recreational boat and yacht retailer, has announced that it has entered into a definitive agreement to acquire Island Global Yachting LLC (“ IGY Marinas ”), which owns and operates a collection of iconic marina assets and a yacht management platform in key global yachting destinations. 

MarineMax will acquire IGY Marinas for $480 million in cash, with an additional potential earnout of up to $100 million two years after closing, subject to the achievement of defined performance metrics. IGY Marinas, through recent acquisitions and organic growth, is projected to generate over $100 million of revenue in 2022. Subject to the satisfaction of customary closing conditions, MarineMax expects the acquisition to close in the first half of fiscal 2023 and to be accretive within the first twelve months of closing. 

IGY Marinas will maintain its luxury branding that is well recognized as best-in-class in the global marina and superyacht communities. Tom Mukamal, CEO of IGY Marinas, and the IGY Marinas existing management team will continue to lead the growth and operations of the business.

IGY Marinas offers a global network of 23 curated marinas in the Americas, the Caribbean, and Europe, delivering year-round customer touchpoints. The network of marinas is further bolstered by its exclusive Trident superyacht membership program, expansive service offerings, and comprehensive yacht management platform. IGY Marinas is also the venue for exclusive events such as the Cannes Yachting Festival. 

“We are delighted to announce our acquisition of IGY Marinas, a transformative transaction for MarineMax, that significantly strengthens our ability to provide the best customer experience to yacht owners around the world,” said W. Brett McGill, Chief Executive Officer and President of MarineMax. “The addition of IGY Marinas positions MarineMax as the preeminent leader in the superyacht industry—the only company able to offer an integrated experience coupling high-value superyacht berthing and marina services in premier locations with exclusive superyacht service offerings. Moreover, this investment continues to diversify our business mix with not only higher margins but also a larger geographic footprint, especially in highly desired destinations in the Mediterranean and the Caribbean.” 

McGill continued, “We are very pleased to strategically expand with IGY Marinas and have tremendous respect for their outstanding management team for building a high-quality real estate portfolio of luxury marinas with extraordinary growth potential. IGY has experienced significant recent growth, as its brand has become sought-after by yacht owners, as well as public and private marina owners worldwide. This investment aligns with our ongoing strategic acquisition plan, including our superyacht business, to selectively expand our service offerings with acquisitions of high-growth, high-margin businesses. Furthermore, we strongly believe that IGY Marinas will offer our Fraser Yachts and Northrop & Johnson current and future superyacht customers the opportunity to enhance their yachting experiences by providing them access to the world’s only superyacht marina network.”

“We are excited to join the MarineMax Family and its experienced management team,” said Tom Mukamal, CEO of IGY Marinas. “MarineMax brings significant resources, synergies, and competitive advantages to our business amplifying our potential for both organic and inorganic growth. With IGY’s irreplaceable destination portfolio, demonstrated track record of successful acquisitions and a robust pipeline, we are confident in our collective ability to strengthen and build on our position as the global leader in superyacht and luxury marina destinations and related services.”

As stated above, MarineMax expects the transaction to close in the first half of fiscal 2023, subject to the satisfaction of customary closing conditions. The transaction will be financed through MarineMax’s recently completed expansion of its credit facilities and cash on hand. Raymond James represented MarineMax, while Moelis & Company LLC represented IGY Marinas. 

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Island Global Yachting Transforms Superyacht Ownership via IGY Trident—a Next-Generation Membership Collective

by Julie Sack | May 19, 2022 | Industry News , Member News

Industry-first membership collective partners with World Fuel Services, Navium Marine, Forbes Travel Guide, BWA Yachting and VIGILINT

Fort Lauderdale, FL – May 2, 2022 —Island Global Yachting LLC (“IGY”), the only global network of premium yachting destinations and yacht management services, is launching its IGY Trident Collective, the first-ever global collective of superyacht owners. This highly exclusive, by invitation only private membership program is only available to a limited number of superyacht owners – simplifying and enhancing superyacht ownership via specialized, next-generation benefits.

In collaboration with best-in-class partners, benefits include guaranteed global dockage, fuel bunkering, proprietary hull insurance, yacht management, crew service training, yacht agency services, captain and crew benefits, comprehensive health and wellness solutions, and access to curated lifestyle events and experiences.

“Our goal is to improve the economics and experience of yachting, building on our world-class destination base and yacht management platform,” says IGY Trident CEO Tom Mukamal. “People want simplicity in a very difficult and fragmented environment. Between the owner and marina, there are 10-plus different stakeholders. IGY Trident offers a comprehensive set of services administered from a single source.”

IGY’s global portfolio of superyacht-oriented properties extends to 23 marinas in 13 countries across the United States, Caribbean, Europe, and Latin America. In March 2022, IGY took over operations of the Vieux-Port de Cannes, a 700+ slip marina in the heart of the French Riviera. The company is poised to continue expanding into some of the most desirable cruising regions for superyacht owners.

IGY TRIDENT’S SUITE OF SERVICES IGY Trident’s suite of services is supported by visionary industry partnerships resulting in a first-in-class ecosystem:

IGY offers IGY Trident members guaranteed dockage access and member pricing on marina services, including dockage and fuel, across IGY’s 23 marina destinations worldwide. Fairport Yacht Support, IGY’s yacht management platform, provides exclusive IGY Trident member pricing and access to yacht management services, including financial administration, crew management, and technical yacht support. World Fuel Services provides member pricing on global fuel bunkering including in Gibraltar, access to a dedicated 24/7 technical team, transparent member pricing and access to carbon offset credits. Navium Marine provides exclusive IGY Trident member access to its proprietary hull insurance program. Vessels engaged in the program enjoy coverage terms that meet or exceed their current coverage and participate in a tranche of capacity dedicated to themselves and fellow IGY Trident members only. A profit share, if available, is issued annually across the portfolio. BWA Yachting offers global yacht agency and concierge services with benefits specifically for IGY Trident members. Forbes Travel Guide engages directly with the superyacht crew of IGY Trident members, delivering proprietary superyacht crew service training. The best-in-class professional development curriculum is customized for superyacht crews based on the principles of exceptional service that FTG’s highly experienced trainers teach at Five-Star hotels globally. VIGILINT provides IGY Trident members with a comprehensive health and wellness solution via its industry leading Global MedAssist Program, delivering 24/7, real-time medical consultation, comprehensive care, critical care transport, and access to a Cleveland Clinic specialist.

THE IGY TRIDENT COMMUNITY IGY Trident intends to host innovative, intimate member events and experiences around the globe, including private concerts and invite-only social gatherings designed for superyacht owners.

“We know from speaking with our superyacht owner clients that they are interested in meeting and attending special events with other like-minded superyacht owners,” Mukamal says. “IGY Trident brings together the first ever community of superyacht owners, opening doors for communication and dealings both inside and outside of yachting.”

About Island Global Yachting LLC IGY’s worldwide network of properties sets luxury standards for service and quality in nautical tourism. IGY has the only global portfolio of premium yachting destinations, serving over 8,000 annual customers at 23 marinas in 13 countries. IGY’s unprecedented collection of marinas in the U.S., Caribbean, Europe, and Latin America caters to a variety of vessel types and serves as the exclusive home port for many of the world’s largest superyachts. Discover the network of IGY at igymarinas.com .

About IGY Trident IGY Trident is a next generation membership collective specifically designed to simplify the experience of superyacht ownership. IGY Trident members enjoy a wide range of highly exclusive benefits, including dockage, fuel, yacht management, insurance, crew training, provisioning, health and wellness, and events and experiences. igytrident.com/ [email protected]

About Axcess Worldwide Axcess Worldwide—a partnership and brand development firm—worked closely with the IGY leadership team to help conceive and develop IGY Trident. Axcess Worldwide connects ideas, people, and brands in unprecedented ways. For 23-plus years, the company has leveraged deep-rooted, global relationships to reimagine how leading brands work together while creating opportunity, acceleration, measurable impact, and revenue. axcessworldwide.com

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MarineMax To Acquire IGY Marinas Significantly Expanding Global Marina and Services Business

~Largest Superyacht Luxury Marina Network with Iconic Worldwide Locations~

~Will More than Double MarineMax’s Recurring Marina Revenue~

~Increases Global Superyacht Services Capabilities~

~Margin Enhancing Business Further Reduces Business Cyclicality~

~Projected to be Accretive in First Full Year~

CLEARWATER, Fla. --(BUSINESS WIRE)-- MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced that it has entered into a definitive agreement to acquire Island Global Yachting LLC (“IGY Marinas”), which owns and operates a collection of iconic marina assets and a yacht management platform in key global yachting destinations. MarineMax will acquire IGY Marinas for $480 million in cash, with an additional potential earnout of up to $100 million two years after closing, subject to the achievement of defined performance metrics. IGY Marinas, through recent acquisitions and organic growth, is projected to generate over $100 million of revenue in calendar 2022. Subject to the satisfaction of customary closing conditions, MarineMax expects the acquisition to close in the first half of fiscal 2023 and to be accretive within the first twelve months of closing. IGY Marinas will maintain its luxury branding that is well recognized as best-in-class in the global marina and superyacht communities. Tom Mukamal , CEO of IGY Marinas, and the IGY Marinas existing management team will continue to lead the growth and operations of the business.

IGY Marinas distinguishes itself with a synergistic network of strategically positioned luxury marinas situated in the world’s most coveted yachting and sport fishing destinations. IGY Marinas has pioneered best-in-class standards for service and quality in nautical tourism around the world. It offers a global network of 23 curated marinas in the Americas , the Caribbean , and Europe , delivering year-round customer touchpoints. IGY Marinas caters to a wide variety of luxury yachts, while also being exclusive home ports for some of the world’s largest megayachts. The network of marinas is further bolstered by its exclusive Trident superyacht membership program, expansive service offerings, and comprehensive yacht management platform. In addition, IGY Marinas is a venue for exclusive events such as the Cannes Yachting Festival, Cannes Lions International Festival of Creativity, Superyacht Miami, and Art Basel . IGY Marinas is unique in that its scale and strategic geographic footprint enables it to provide vertically integrated services to superyacht customers as they travel to popular destinations.

“We are delighted to announce our acquisition of IGY Marinas, a transformative transaction for MarineMax , that significantly strengthens our ability to provide the best customer experience to yacht owners around the world,” said W. Brett McGill , Chief Executive Officer and President of MarineMax . “The addition of IGY Marinas positions MarineMax as the preeminent leader in the superyacht industry—the only company able to offer an integrated experience coupling high value superyacht berthing and marina services in premier locations with exclusive superyacht service offerings. Moreover, this investment continues to diversify our business mix with not only higher margins, but also a larger geographic footprint, especially in highly desired destinations in the Mediterranean and the Caribbean.”

Mr. McGill continued, “We are very pleased to strategically expand with IGY Marinas and have tremendous respect for their outstanding management team for building a high-quality real estate portfolio of luxury marinas with extraordinary growth potential. IGY has experienced significant recent growth, as its brand has become sought-after by yacht owners, as well as public and private marina owners worldwide. This investment aligns with our ongoing strategic acquisition plan, including our superyacht business, to selectively expand our service offerings with acquisitions of high growth, high margin businesses. Furthermore, we strongly believe that IGY Marinas will offer our Fraser Yachts and Northrop & Johnson current and future superyacht customers the opportunity to enhance their yachting experiences by providing them access to the world’s only superyacht marina network.”

“We are excited to join the MarineMax Family and its experienced management team,” said Tom Mukamal , CEO of IGY Marinas. “MarineMax brings significant resources, synergies, and competitive advantages to our business amplifying our potential for both organic and inorganic growth. With IGY’s irreplaceable destination portfolio, demonstrated track record of successful acquisitions and a robust pipeline, we are confident in our collective ability to strengthen and build on our position as the global leader in superyacht and luxury marina destinations and related services.”

As stated above, MarineMax expects the transaction to close in the first half of fiscal 2023, subject to the satisfaction of customary closing conditions. The transaction will be financed through MarineMax’s recently completed expansion of its credit facilities and cash on hand.

Raymond James represented MarineMax , while Moelis & Company LLC represented IGY Marinas.

About MarineMax

MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 100 locations worldwide, including 79 retail dealership locations, which includes 34 marinas or storage operations. Through Fraser Yachts and Northrop and Johnson, the Company also is the largest superyacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands . The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax is a New York Stock Exchange -listed company (NYSE: HZO). For more information, please visit www.marinemax.com .

Forward Looking Statement

Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include the acquisition being accretive, the acquisition being transformative to MarineMax and strengthening its ability to provide superyacht services and making MarineMax the preeminent leader in the industry and related timing, and the post-closing management of IGY. These statements are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions and uncertainties include the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the impacts (direct and indirect) of COVID-19 on the Company’s business, the Company’s employees, the Company’s manufacturing partners, and the overall economy, general economic conditions, as well as those within our industry, the level of consumer spending, the Company’s ability to integrate acquisitions into existing operations, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2021 and other filings with the Securities and Exchange Commission . The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com : https://www.businesswire.com/news/home/20220809005410/en/

Michael H. McLamb Chief Financial Officer 727-531-1700 Media: Abbey Heimensen MarineMax, Inc.

Investors: Brad Cohen or Dawn Francfort ICR, LLC [email protected]

Source: MarineMax, Inc.

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MarineMax to acquire IGY Marinas for $480M

MarineMax, the world's largest recreational yacht retailer, has announced a “definitive agreement” to acquire Island Global Yachting LLC (IGY Marinas).

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From our partners

IGY Transforms Superyacht Ownership via IGY Trident

Island Global Yachting LLC (“IGY”), the only global network of premium yachting destinations and yacht management services, is launching its IGY Trident Collective, the first-ever global collective of superyacht owners. This highly exclusive, by invitation only private membership program is only available to a limited number of superyacht owners – simplifying and enhancing superyacht ownership via specialized, next-generation benefits.

In collaboration with best-in-class partners, benefits include guaranteed global dockage, fuel bunkering, proprietary hull insurance, yacht management, crew service training, yacht agency services, captain and crew benefits, comprehensive health and wellness solutions, and access to curated lifestyle events and experiences.

“Our goal is to improve the economics and experience of yachting, building on our world-class destination base and yacht management platform,” says IGY Trident CEO Tom Mukamal. “People want simplicity in a very difficult and fragmented environment. Between the owner and marina, there are 10-plus different stakeholders. IGY Trident offers a comprehensive set of services administered from a single source.”

IGY’s global portfolio of superyacht-oriented properties extends to 23 marinas in 13 countries across the United States, Caribbean, Europe, and Latin America.  In March 2022, IGY took over operations of the Vieux-Port de Cannes, a 700+ slip marina in the heart of the French Riviera. The company is poised to continue expanding into some of the most desirable cruising regions for superyacht owners.

IGY Trident’s Suite of Services

IGY Trident’s suite of services is supported by visionary industry partnerships resulting in a first-in-class ecosystem:

IGY offers IGY Trident members guaranteed dockage access and member pricing on marina services , including dockage and fuel, across IGY’s 23 marina destinations worldwide.

Fairport Yacht Support , IGY’s yacht management platform, provides exclusive IGY Trident member pricing and access to yacht management services , including financial administration, crew management, and technical yacht support. 

World Fuel Services provides member pricing on global fuel bunkering including in Gibraltar , access to a dedicated 24/7 technical team, transparent member pricing and access to carbon offset credits .

Navium Marine provides exclusive IGY Trident member access to its proprietary hull insurance program . Vessels engaged in the program enjoy coverage terms that meet or exceed their current coverage and participate in a tranche of capacity dedicated to themselves and fellow IGY Trident members only.  A profit share, if available, is issued annually across the portfolio. 

BWA Yachting offers global yacht agency and concierge services with benefits specifically for IGY Trident members.

Forbes Travel Guide  engages directly with the superyacht crew of Trident members, delivering proprietary superyacht crew service training . The best-in-class professional development curriculum is customized for superyacht crews based on the principles of exceptional service that FTG’s highly experienced trainers teach at Five-Star hotels globally.

VIGILINT provides IGY Trident members with a comprehensive health and wellness solution via its industry leading Global MedAssist Program , delivering 24/7, real-time medical consultation, comprehensive care, critical care transport, and access to a Cleveland Clinic specialist.

The IGY Trident Community

IGY Trident intends to host innovative, intimate member events and experiences around the globe, including private concerts and invite-only social gatherings designed for superyacht owners.

“We know from speaking with our superyacht owner clients that they are interested in meeting and attending special events with other like-minded superyacht owners,” Mukamal says.  “IGY Trident brings together the first ever community of superyacht owners, opening doors for communication and dealings both inside and outside of yachting.”

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IGY Launches Savannah Harbor Marina Development, Expanding IGY Marinas’ Best-in-Class Global Network

by Tammy | Feb 2, 2024

PRESS RELEASE

For immediate release:, igy savannah harbor marina will offer 100 berths for yachts of all sizes,  filling an important market need on the us east coast  and adding igy’s 23 rd marina destination.

February 5th, 2024 | New York, NY | Today, Island Global Yachting (IGY Marinas) announces the development of a new marina in the heart of Savannah, Georgia. Branded IGY Savannah Harbor Marina and developed in partnership with Savannah Harbor Partners LLC, the destination will, upon completion in the Spring of 2025, feature 100 berths for vessels of all sizes, including over 1,000 linear feet to accommodate deep draft superyachts. Located just 5 miles from the Intracoastal Waterway and with no air draft or depth restrictions on the Savannah River, it is an ideal stopover point for both cruisers and transiting superyachts.

IGY Savannah Harbor Marina’s central location on Hutchinson Island offers easy access to the city center just across the Savannah River and is a quick ferry ride away from the charming Savannah Historic District. The marina will offer sweeping views of the Savannah skyline and

Known for its rich history and architecture, Savannah attracts visitors from around the world and has a long history of nautical tourism and commerce, including the vibrant Port of Savannah. Savannah is a popular tourism destination in the southeastern United States and provides convenient proximity to other vibrant and welcoming cities such as Charleston, South Carolina and Jacksonville, Florida.

“We are excited to be involved in this wonderful project and a catalyst of nautical tourism in this thriving area.  The opportunity to develop and operate IGY Savannah Harbor Marina means we will deliver the highest levels of service to our global clientele in this incredible destination,” says Steve English, President, IGY Marinas.

  IGY Savannah Harbor Marina will include state of the art amenities encompassing fueling, shore power, deep water berthing, parking, and marina concierge services.

“We are pleased to have an IGY Marina as part of the Savannah Harbor development.  IGY Marinas is a global leader in the maritime community, and we welcome their expertise and brand recognition. The marina will be a focal point of the development and enhance the service offerings of this incomparable area,” said John Cay, principal of Savannah Harbor Partners LLC.

About Savannah Harbor Partners LLC Savannah Harbor Partners, LLC is engaged in developing a 35-acre premier mixed-use waterfront community. Plans are underway for a boutique 5-star hotel and luxury residences, a residential building designed to accommodate residential, retail, and office, a high-tech office building for a major tenant, and a signature event pavilion on the 5-acre waterfront park. Future plans will also include a fresh market village, additional residential for sale and rental, and commercial spaces to serve the residents at Savannah Harbor.

About Island Global Yachting LLC IGY’s worldwide network of properties sets luxury standards for service and quality in nautical tourism. IGY has the only global portfolio of premium yachting destinations, serving over 10,000 annual customers at 23 marinas across 13 countries.

IGY’s unprecedented collection of marinas spans the Americas, Europe, and Middle East serving a variety of vessel types, and is the home port for many of the world’s largest superyachts. As a proud subsidiary of MarineMax, a publicly listed company on the New York Stock Exchange (NYSE: HZO), IGY Marinas benefits from its affiliation with the world’s largest recreational boat retailer. MarineMax not only holds a dominant position in boat sales but also excels in yacht brokerage, charter services, and overall maritime support. Discover IGY Marina’s network at www.igymarinas.com IGY Media Contact: +1-954-510-3309 / [email protected]

About Myrick Marine Contracting Corporation Myrick Marine is a full-service marine contractor owning and operating one of the most extensive fleets of floating marine construction equipment in the southeastern United States. Myrick Marine is a family-run company that offers personal attention to clients, along with the ability to react at a moment’s notice – rare attributes in this industry. Committed to excellence, Myrick Marine combines over 32 years’ experience with a solid knowledge of the marine environment to provide unique solutions to the clients’ needs.

About MEECO Sullivan Meeco Sullivan has a long and rich history of serving the needs of both public and private waterfront developers, marina owners, boating enthusiasts, and all who love life on the water. MEECO began as three different companies: Atlantic-Meeco (est. 1960), Sullivan Flotation Systems (est. 1961), and Wahoo Docks (est. 1989), but have united to focus on delivering the absolute highest-quality floating dock systems available anywhere, and all made right here in the USA.

Meeco Sullivan now comprises over 150 years of combined industry experience, three state-of-the-art manufacturing facilities for steel, timber, and aluminum floating docks, and the financial commitment and resources of the parent company, Tuckahoe Holdings.

About Marinetek Marinetek is an internationally recognized brand name for premium marinas and advanced floating solutions. With the industry’s widest pontoon product range and a network of marina experts around the world, Marinetek meets the needs for building world-class marinas.

Marinetek offers concrete pontoons, breakwaters and marina equipment. Through collaborative partnerships, Marinetek provides its customers expertise and single source services from design, manufacturing and installation to maintenance and modernization of marinas. Operating in more than 45 and manufacturing in 9 countries, Marinetek has delivered more than 2500 marina projects to more than 50 countries worldwide.

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From breakfast at the quayside, all the way to dinner on a rooftop terrace, menus range from fresh fish or pizza to traditional Sardinian cuisine that are also available for takeout or delivery onboard. The supermarket, conveniently located on the dock, specialty shop and liquor store offer a wide selection that are available for delivery to your vessel.

BWA YACHTING

BWA Yachting is a worldwide yacht agency and yachting services provider formed to support captains, managers and crew, making their lives easier, assisting with the increasing demands of managing a modern superyacht. Our global office network stretches throughout the Mediterranean, Northern Europe, the Caribbean and the Americas, providing a unique and seamless experience, wherever our clients are cruising. The BWA Yachting service can be anything from planning a complete trip, saving you time and a lot of hassle, with just one point of reference to the handling of a single port call or last minute concierge request. That’s everything from clearance procedures to berthing reservations, bunkering, provisioning, fiscal advice, logistics, technical assistance, travel arrangements, and more.

www.bwayachting.com Tel.+377 93 500 277 [email protected]

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5th International exhibition of boats and yachts Moscow Boat Show a Huge Success

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Written by Zuzana Bednarova

The first pavilion of Crocus Expo IEC hosted an extraordinary exposition of the 5th International exhibition of yachts and boats Moscow Boat Show. The show had been incredibly famous for five years already not only thanks to the specialists of the market segment as well as professional sportsmen but also thanks to those who consider sailing sport to be their hobby and well cherished dream.

Moscow Boat Show 2012

The organizer of the project was the Crocus Expo International Exhibition Centre. The show was supported by Aston Martin Moscow, Burevestnik Group logistics department and the Yachting specialized magazine.

The exposition space increased up to 30 000 sq m and was accommodated in all 4 exhibition halls of the fairgrounds! 280 Russian (Arkhangelsk, Vyborg, Kazan, Kaluga, Republic of Karelia, Moscow and Moscow region, Nizhny Novgorod, Novorossiysk, Novosibirsk, Rostov-on-Don, Samara, St. Petersburg, Sverdlovsk region, Sochi, Chelyabinsk, Tyumen and Yaroslavl region) and foreign ( Denmark , Germany , Holland , Greece , Spain , Italy , Cyprus , China , Latvia , Poland , USA , Turkey , Ukraine, Finland , France , Montenegro and Croatia ) companies participate in the show.

Moscow Boat Show provided the perfect platform from which to preview new products, evaluate market trends, and establish long-lasting and commercially profitable partnerships. Despite the dynamic changes taking place in Russia and the rapid growth of the yachting sector, the show continued to complement and reflect the industry’s demand and is a promotional opportunity not to be missed!

Unique exhibits were presented at the show for the first time: exposition of private submarines from U-Boat Russia company, Marquis Yachts 420 SB motor yacht from Sport Bridge S. Marine series, SAGA-415 yacht from Saga Boats Norwegian shipyard, Jetlev-Flyer from MS Watersports.

Moscow Boat Show a Great Success

More than 400 yachts were displayed within the frames of the event including the largest boats ever exhibited in Russia – the 19-meter giant motor yacht Princess 54 as well as the Princess 50 yacht from Nord Marine and Baja speed boat from Burevestnik.

Domfinland OY unveiled a luxury project from Finnish real estate: a seaside premium class hotel in Hanko named consonant with the location Merihanko.

The trade fair was traditionally opened by a Gala Opening Ceremony. Arcady Zlotnikov, First Deputy Director Crocus Expo IEC, was the first to take the floor at the official opening ceremony. He greeted warmly exhibitors, guests and visitors of Moscow Boat Show. Nikolay Krjuchek, Deputy Chief of the State Inspection on Small size Vessels (GIMS) of the Ministry for Emergency Situations of Russia, Georguiy Shaiduko, Acting President of the Russian Yachting Federation (VFPS), Olympic champion in Atlanta and Ekaterina Grishechkina, Director of exhibition Moscow Boat Show also spoke at the ceremony.

The high-ranking guests noted dynamic development of the branch which well reasoned the intensive growth of the exposition and appearance of rather unique “gems”.

A number of business meetings and negotiations were held within the frames of the project: the exhibition was visited by a large delegation of Greek businessmen for the purpose of establishment of mutually beneficial cooperation with the Russian colleagues.

More than 400 yachts on display at the Show

Russian Yachting Federation (VFPS) celebrated its 100 anniversary within the frames of Moscow Boat Show and arranged an exposition of future sailing sport museum (rare awards, gifts, articles from private collections, pictures and etc.) which had been collected since 1912.

Due to carefully chosen running dates the show was visited by more than 26 000 people. The majority of the visitors were of targeted audience – vessel owners and specialists of the branch.

The work at the next edition of the show is under way! The show will be held in March 2013. The overall exhibit space will comprise 40 000 sq m. The exhibition will impress with exclusive exhibits and the latest technological achievements.

Moscow Boat Show was not only an entertaining but at the same time a business promotional event. Participation in the trade fair was a unique opportunity to present a company and products to a distinctly selected targeted audience of industry specialists. They were well prepared to discuss business in the Russian market and even to close a deal on-site.

The show helped representatives of yachting business to get acquainted with their Russian colleagues and gradually improved national yachting market to a new level. It is obvious that for 5 years of its running the project has turned to a status event of the international exhibitions calendar.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "5th International exhibition of boats and yachts Moscow Boat Show a Huge Success ".

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