MarineMax expands across the US, into the Great Lakes, West Coast, Midwest and Texas
Through the acquisition of SkipperBud’s and its affiliate, Silver Seas Yachts, MarineMax significantly expands its presence in the Great Lakes region and the West Coast. With the acquisition, MarineMax adds 20 new locations in Florida, Washington, California, Ohio, Illinois, Michigan and Wisconsin. On top of the new locations, the company also added 11 marina and storage facilities through the acquisition. Additionally, MarineMax expanded to the Midwest region through the acquisition of Nisswa Marine, headquartered in Minnesota, for $30.0 million in July 2021. Most recently, the company expanded into Texas through the acquisition of Texas MasterCraft.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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