HZO News & Events

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."

The Donerail Group, one of the largest shareholders of MarineMax, issued an open letter to the Company's shareholders reiterating its intent to vote AGAINST the election of CEO Brett McGill as a Director at the Company's upcoming 2026 Annual Meeting scheduled to be held on March 3, 2026, call for other shareholders to join in voting AGAINST the election of CEO Brett McGill as a Director at the Annual Meeting, and desire to immediately pursue its previously stated $35 per share all cash proposal to acquire the Company, subject to confirmatory due diligence. "The Donerail Group is one of MarineMax's largest shareholders, beneficially owning over 4% of the Company's outstanding shares. On February 9, 2026, we issued a letter reiterating our desire to acquire the Company at an all-cash price of $35 per share, representing a significant premium to MarineMax's unaffected trading levels... We are disappointed that, despite submitting our initial proposal nearly six weeks ago on January 13, 2026, alongside a more detailed proposal on February 1, 2026, providing clear evidence of financing capability from leading global investment partners, the Board has not provided any meaningful feedback on our proposal... We remain fully prepared to move expeditiously toward consummating our proposal upon being granted access to such information and the opportunity to conduct customary due diligence, subject to which, we believe that we could potentially increase our proposal price... As always, we remain open to engaging constructively with MarineMax and its Board to pursue a value-maximizing outcome for all shareholders."