MarineMax closes US$480m IGY Marinas deal (5 October 2022)

US boat dealer group MarineMax has completed its acquisition of the IGY Marinas, in a deal set to significantly expand its existing marina and services business.

The deal was first announced earlier this year, and completion was confirmed in a statement published on Tuesday (4 October 2022).

MarineMax 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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