MarineMax has agreed to be acquired by Safe Harbor Marinas, an entity connected to private equity firm Blackstone, in a $1.5 billion all-cash deal that would take the Tampa Bay boating giant private. The deal comes after months of pressure from investors and prospective buyers.
Safe Harbor, a Blackstone Infrastructure portfolio company, will pay MarineMax shareholders $53 per share under the proposed deal, the companies announced Monday. The price is nearly double MarineMax’s closing share price of $27.03 on Jan. 30, before an unsolicited takeover proposal became public.
The agreement requires approval from both MarineMax shareholders and regulators, according to a release. The companies expect the sale to close by the end of 2026. It is not contingent on Safe Harbor obtaining financing…