Buying a marina can be overwhelming for the uninitiated. In its basic form, a marina purchase price includes land, infrastructure, and a business, or several businesses. But often overlooked is the cost a buyer will incur for insuring a marina and the many nuances to carrying the right type and

BRP yesterday reported lower marine retail sales in North America but higher marine revenue in its fiscal second quarter. As a result of favorable product mix and higher pricing, revenue in BRP’s marine division increased by 8.3 percent to CAD$139.5 million ($106 million) in the quarter ended July 31, the

MasterCraft Boat Holdings said fiscal fourth quarter revenue rose and the company posted its most profitable year ever, but the new fiscal year may not match 2022. Sales in the quarter ended June 30 increased 39.9 percent to $217.7 million, the Vonore, Tenn.-based company said in a statement yesterday. Net income slipped

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

OneWater Marine today announced it reached an agreement to acquire Denison Yachting. “We are thrilled to welcome Bob Denison and his team into the OneWater family, which expands and strengthens our presence in the superyacht and yacht categories,” OneWater CEO Austin Singleton said in a statement. “As we move through the

Marine and powersports dealer Power Lodge acquired Miller Marine in St. Cloud, Minn. Power Lodge owner Tom Dehn announced the sale in a statement. Miller Marine is the world’s largest seller of high-performance Bennington pontoons and is one of the largest single-point boat dealerships, the statement said. It was once named the

TopSide Marinas has acquired North Point Yacht Club on Lake Belton in Texas. TopSide plans to invest in the Temple, Tex., marina by adding more than 70 wet slips, TopSide cofounder Jacob Boan said Tuesday in a statement. The property, previously owned by the Brashear family, is TopSide’s third marina. “The

Trident Marine Group announced that it merged with Coastal Properties Management, adding six Chesapeake Bay marinas to the management company’s portfolio. Trident already manages Nabbs Creek Marina & Yacht Yard, Chesapeake Harbour Marina and Annapolis Maryland Capital Yacht Club. The deal will add Coastal Properties’ Bowley’s Marina, Diamond Teague Piers,

Suntex Marina Investors last week announced that it acquired The Wharf, a marina in Marathon, Fla., in the Keys. The company plans an extensive renovation of the property, which it plans to relaunch as Ocean View Marina. “In just the short year that we’ve owned Faro Blanco, we’ve seen the

Suntex Marinas yesterday announced the acquisition of Garrison Bight Marina in Key West, Fla. The marina has 20 wet slips and 213 dry slips and is located near hotels, restaurants and shopping. Suntex said it is the only full-service marina on the island with dry storage facilities. Amenities include a

The Grand Prairie, Texas, facility is the latest addition to Suntex’s U.S. marina holdings. Suntex Marina Investors announced yesterday that it purchased Lynn Creek Marina on Joe Pool Lake in Grand Prairie, Texas. “We are excited to take over a staple on Joe Pool Lake in the heart of the

Suntex Marina Investors, LLC  announced its transaction to join forces with established marina management company, Westrec Marinas. One of the world’s largest owner-operators of marinas and marine-related businesses, Westrec Marinas provides professional management services to its properties, affiliates, and clients. Founded in 1987, Westrec owns and manages marina facilities located both

Real-estate investor Centerbridge is combining the second- and third-largest marina owners to create a $2.5 billion company. The second-largest owner of U.S. marinas is acquiring the third-largest owner, creating a new powerhouse in this niche real-estate business as boat sales surge during the pandemic. Centerbridge Partners LP said it is

Chesapeake Whalertowne, a dealership with locations in Grasonville and Annapolis, Md., announced in a statement its acquisition of Lippincott Marine. The full-service marina is located at Kent Narrows in Grasonville and has 200 slips that can accommodate boats to 70 feet. A Boston Whaler and Mercury dealer, Chesapeake Whalertowne said

Southern Marinas Holdings announced in a statement that it has acquired Grand Harbor Condominiums and Marina on Pickwick Lake in Tennessee. The property is on the Tennessee-Mississippi border, less than a mile from the Alabama state line. Located at the junction of the Tennessee River and the Tombigbee Waterway, the

OneWater Marine Inc. announced today that it has entered into a definitive agreement to acquire T-H Marine, a provider of branded marine parts and accessories, for approximately $185 million. The transaction is expected to close in the calendar fourth quarter of 2021. “With its comprehensive product portfolio, reputation for innovation,

OneWater Marine Inc. announced that it has completed the previously announced acquisition of PartsVu (“PartsVu”), an online marketplace for OEM marine parts, electronics and accessories. PartsVu enhances the Company’s presence in the marine parts and accessories sector while helping reduce exposure to the cyclicality of boat sales. “We are thrilled

“Our motto is: We don’t just sell boats, we sell boating,” MarineMax CEO and President Brett McGill tells me when we discuss his company’s acquisition of the esteemed Cruisers Yachts boat builder (with its own heritage dating back to 1904). “And our history has been one of constant innovation, driven

Brunswick Corporation has entered into a definitive agreement to acquire Navico, a global leader in marine electronics and sensors for $1.05 billion. As a result of this acquisition, Brunswick will add the industry leading brands of Lowrance, Simrad, B&G, and C-MAP to its Advanced Systems Group (ASG), which includes the leading

Warbird Marine Holdings, formed by EagleTree Capital to invest in category-leading boatbuilders and managed by industry veteran John Dorton, announced it acquired Yellowfin Yachts. Financial terms were not disclosed. Yellowfin will be a separately managed sister company to Invincible Boat Co., which Warbird acquired in 2019. “We are delighted to

White River Marine Group announced a significant expansion of its saltwater manufacturing footprint with the acquisition of Hatteras Inc., in New Bern, North Carolina. The brand will become part of the White River Marine Group. The company’s family of brands includes Tracker, Mako, Ranger, Triton, Tahoe, Nitro and others. The

Safe Harbor Marinas paid $340 million for a superyacht storage and repair facility in Fort Lauderdale. Dallas-based Safe Harbor Marinas, led by Baxter Underwood, bought the Lauderdale Marine Center at 2029 Southwest 20th Street from The Carlyle Group, records show. The property spans 60 acres along the New River’s South

OneWater Marine Inc. has completed the acquisition of Walker Marine Group, marking the largest acquisition in the company’s history, and further expanding its presence in Florida. Walker Marine Group has five locations in southwest Florida to serve its established and growing customer base with new and pre-owned boat sales, quality

DALLAS, Sept. 29, 2020 /PRNewswire/ — We are pleased to announce that Safe Harbor Marinas has entered into a definitive merger agreement with Sun Communities, Inc. (NYSE: SUI) and one of its subsidiaries in a transaction for cash and SUI equity valued at $2.11 billion. “We are excited to partner with Sun Communities, a premier

~Accretive Acquisition of SkipperBud’s & Silver Seas Drives Meaningful Growth~ ~Combined Operation Produced $220 Million in Calendar 2019~ ~Strategically Grows Higher Margin Revenue – Significantly Grows Its Marina Portfolio~ CLEARWATER, Fla.–(BUSINESS WIRE)– MarineMax, Inc. (NYSE: HZO), the nation’s largest recreational boat and yacht retailer, today announced the acquisition of SkipperBud’s

Bradford Marine parent company Fort Lauderdale Yacht Harbor said it entered an agreement with Billfish Marina owner PipeWelders Marine to purchase the marina for an undisclosed price. Billfish Marina, a repair and marina facility in Fort Lauderdale, Fla., agreed to terms to be acquired by Fort Lauderdale Yacht Harbor. The

Southern Marinas Holdings, LLC, a partnership between a New York-based private investment firm and Southern Marinas, announced the purchase of Hi-Lift Marina in Aventura; Hidden Harbour in Pompano Beach; and Palm Harbour in Cape Haze. These Florida locations were acquired from Aqua Marine Partners, LLC in a deal that brings

OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater”) announced the pricing of an initial public offering of its Class A common stock. “Today is a significant milestone for OneWater as we embark on the next chapter of our business as a publicly traded company. Since our inception in October 2014, OneWater has

T-H Marine Supplies in Huntsville, Ala., said it acquired First Source, the marine accessory division of Maurice Sporting Goods. Terms were not disclosed. A statement said First Source will operate as a standalone division of T-H Marine in Fort Myers, Fla. “We’re thrilled to complete our largest revenue acquisition to date,”