HZO News & Events

MarineMax announced that its board of directors has approved a new stock repurchase plan. Under the new plan, the company is authorized to repurchase up to $100M of its common stock through March 2028. This plan replaces the March 2024 plan, which authorized MarineMax to purchase up to $100M of its common stock through March. Approximately 1.4M shares of the company's common stock had been repurchased under the 2024 Plan as of March 3.

Blackstone (BX) and Centerbridge Partners are among the private equity firms that have expressed interest in buying MarineMax (HZO) or parts of it, Reuters' Svea Herbst-Bayliss reports. Blue Compass, investor Island Capital Group and private equity group TPG (TPG) have also expressed interest, sources familiar with the matter say, adding that MarineMax has sent out confidentiality agreements allowing the parties to review documents and receive other information to shape a potential bid. MarineMax said earlier this week that it remains committed to carefully evaluating any credible proposal that could improve shareholder value.

MarineMax attracting more buyout interest, Reuters reports

MarineMax issued a statement in response to the recent public letter to shareholders from The Donerail Group. "MarineMax, with the assistance of its independent financial and legal advisors, has been engaging with Donerail and evaluating its unsolicited indication of interest to acquire the company. Following receipt of the indication of interest, the company promptly responded to Donerail with customary diligence questions aimed at facilitating the board's evaluation of Donerail's interest, funding sources and execution certainty. The company and its advisors have had three substantive calls with Donerail and its representatives. The company also provided Donerail with a standard non-disclosure agreement nearly two weeks ago to facilitate further engagement. However, while Donerail has publicly expressed its desire to receive non-public information about our business twice, Donerail has not yet executed, or even provided comments on, this simple, customary agreement."