MarineMax

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MarineMax is a publically listed boating and yachting industry company with investments in retail, yacht services, and marinas.

Contents

History

MarineMax was founded by Bill McGill Jr. in 1998 in cooperation with a number of boat dealers. [1]

In 2021 Island Global Yachting (IGY) was purchased by MarineMax from Andrew Farkas for $480 million. [2] [3]

In 2024 MarineMax suffered a data breach which included customer data. They settled a class action lawsuit related to the data breach in 2025. [4]

In 2024 MarineMax moved their headquarters from Clearwater, Florida to a newly build complex in Oldsmar, Florida. [5] In 2024 Farkas offered to buy back IGY. [6] MarineMax minority shareholder The Donerail Group also placed pressure on the company over what they considered a misallocation of assets. [7] [8]

In 2025 MarineMax opened a new flagship location in Fort Myers, Florida. [9]

The company posted a small net loss on 2.3 billion in revenue in 2025. [10]

See also

References

  1. ↑ Gordon, Mark. "MarineMax founder retires from board, executive chairman role". businessobserverfl.com. Florida Business Observer. Retrieved 4 December 2025.
  2. ↑ Feasey, Conor. "Island Capital moves to buy back IGY". superyachtnews.com. Superyacht News. Retrieved 4 December 2025.
  3. ↑ Griffiths, Alexander. "MarineMax acquires IGY Marinas for $480 million". superyachttimes.com. Superyacht Times. Retrieved 4 December 2025.
  4. ↑ Lazaridis, Gabrielle. "MarineMax settles data breach class action with $1M payout". boatinternational.com. Boat International. Retrieved 5 December 2025.
  5. ↑ Parker, Mark. "MarineMax now operating from Oldsmar headquarters". stpetecatalyst.com. St Pete Catalyst. Retrieved 5 December 2025.
  6. ↑ Georgacopoulos, Christina. "MarineMax under pressure to sell global marina business". bizjournals.com. South Florida Business Journal. Retrieved 4 December 2025.
  7. ↑ Feasey, Conor. "Donerail dials up pressure on MarineMax". superyachtnews.com. Superyacht News. Retrieved 5 December 2025.
  8. ↑ Herbst-Bayliss, Svea. "Exclusive: Hedge fund Donerail pushes MarineMax to sell itself or replace CEO, sources say". reuters.com. Reuters. Retrieved 5 December 2025.
  9. ↑ "MarineMax opens flagship yacht sales and service center". boatingindustry.com. Boating Industry. Retrieved 5 December 2025.
  10. ↑ "MarineMax posts full-year loss". superyachtnews.com. Superyacht News. Retrieved 4 December 2025.
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