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