Exclusive-Blackstone, Donerail among final bidders for yacht retailer MarineMax, sources say
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By Svea Herbst-Bayliss NEW YORK, July 24 (Reuters) – Investment firms Blackstone and Donerail are among the final bidders to acquire MarineMax, two people familiar with the matter said on Friday, as the recreational yacht retailer explores selling itself. The two, as well as private equity firm Centerbridge, are in the final round of bidding for the Clearwater, Florida-headquartered company, said the sources who are not permitted to discuss private deliberations. MarineMax, which has a market value of around $725 million, caters to a wealthy clientele through its 65 marinas and storage locations and 70 dealerships, mostly in the U.S. It has attracted significant interest at a time the marina business has become a popular investment area. Donerail began pushing MarineMax to sell itself or replace its chief executive officer last year, intensifying pressure on the company after Levin Capital in 2024 urged management and the board to evaluate strategic alternatives. Representatives for MarineMax, Blackstone, and Donerail declined to comment. A representative for Centerbridge did not immediately respond to a comment request. The company has made some changes aimed at addressing concerns of disgruntled investors, including replacing board directors, but has never publicly acknowledged running a sales process including on Thursday when it reported quarterly earnings...
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