MarineMax acquires IGY Marinas in $480m cash deal (25 August 2022)

US boat dealer group MarineMax has added Island Global Yachting LLC (IGY Marinas) to its portfolio, significantly expanding its existing marina and services business.
MarineMax, the world’s largest recreational boat and yacht retailer, has confirmed it is paying US$480 million in cash for the global marina group IGY Marinas, with an additional potential earnout of up to US$100 million two years after closing, subject to the achievement of defined performance metrics.

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