MarineMax, Inc. recently expanded its presence in the global marina industry with the acquisition of Island Global Yachting LLC. The transaction was made effective Saturday, according to a press release.
“We are excited to have completed the acquisition of IGY Marinas which is consistent with our strategic plan to grow our high-margin businesses, expand our product offerings and increase our geographic reach,” CEO and president of MarineMax, W. Brett McGill, said. “We extend a warm welcome to Tom Mukamal, CEO of IGY Marinas, and the IGY Marinas management team, who will continue to lead the growth and operations of the IGY business.”
IGY Marinas owns and manages a catalog of marina assets across various yachting locations, including 23 marinas in the Americas, the Caribbean and Europe.
“It distinguishes itself with a synergistic network of strategically positioned luxury marinas situated in the world’s most coveted yachting and sport-fishing destinations,” a recent press release reads.
The network is further strengthened by its Trident superyacht membership program and comprehensive yacht management platform, among other service offerings.
“IGY Marinas strategically expands MarineMax’s portfolio of marinas and creates cross-sell opportunities with its Fraser Yachts and Northrop & Johnson superyacht services businesses,” the press release states.
The company hopes to share additional financial details upon releasing its 2022 fiscal results.