Blackstone’s Safe Harbor Marinas Acquires MarineMax in a $1.5B All-Cash Deal
In a significant move in the recreational marine industry, Blackstone Infrastructure’s Safe Harbor Marinas—the world’s largest owner and operator of marinas—has finalized an agreement to acquire MarineMax, Inc. (NYSE: HZO), the world’s leading recreational boat and yacht retailer. The all-cash transaction is valued at an impressive $1.5 billion, or $53.00 per share.
Upon the announcement, MarineMax shares skyrocketed by over 46%, reaching a 52-week high on heavy trading volume. The offer signifies a remarkable 96% premium to MarineMax’s closing price of $27.03 on January 30, 2026—the last trading day before the company publicly revealed an unsolicited non-binding acquisition proposal. MarineMax’s board of directors unanimously approved the deal.
Safe Harbor, with its extensive network across the United States, the Caribbean, and the Mediterranean, will significantly broaden its reach by acquiring MarineMax. The latter operates 65 marinas, storage locations, and 70 dealerships across the U.S. The acquisition will also add superyacht brokerage, retail dealerships, and service businesses to Safe Harbor’s portfolio. MarineMax CEO Brett McGill expressed confidence that the transaction would pave the way for the company’s “continued growth and success.” Subject to shareholder and regulatory approval, the deal is anticipated to close by the end of 2026, after which MarineMax will be delisted from the NYSE and revert to private ownership.