MarineMax, Inc. Enters into Definitive Agreement to be Acquired by Blackstone Infrastructure Portfolio Company, Safe Harbor Marinas, in a $1.5 Billion All-Cash Transaction

MarineMax, Inc. (NYSE: HZO), a marina operator, superyacht services company, and boat and yacht retailer, has entered into a definitive agreement to be acquired by Safe Harbor Marinas, a marina and superyacht service business and a Blackstone Infrastructure portfolio company. Under the terms of the agreement, Safe Harbor will acquire all issued and outstanding shares of MarineMax common stock for $53.00 per share in cash, valuing the transaction at approximately $1.5 billion on an enterprise value basis.

The purchase price represents a premium of 96% to MarineMax’s closing share price of $27.03 on January 30, 2026, the last trading day prior to the public disclosure of an unsolicited non-binding proposal, and a premium of 110% to the Company’s 90-day volume-weighted average price for the period ended January 30, 2026. The agreement is the culmination of a competitive strategic review process led by the MarineMax Board of Directors and management with the assistance of independent financial and legal advisors.

“We are pleased to have reached this agreement with Safe Harbor. Throughout this process, we remained focused on maximizing value for our shareholders and positioning MarineMax for continued growth. The scale of our combined platforms will enhance our offerings, deepen partner and customer relationships, and create greater opportunities for our team,” said Brett McGill, Chief Executive Officer and President of MarineMax.

“MarineMax has a talented team and deep relationships across the industry. By bringing together these two complementary businesses, we believe we can create greater value for boaters and expand services for the industry. We look forward to partnering with the MarineMax team on their next chapter of growth,” said Baxter Underwood, Chief Executive Officer of Safe Harbor.

“Following a thoughtful and comprehensive process, the Board unanimously concluded this transaction is in the best interests of MarineMax and its shareholders, providing compelling and certain value,” said Rebecca White, Chairperson of the Board.

Transaction Details

• The MarineMax Board of Directors unanimously approved the transaction.
• Closing is expected by the end of calendar year 2026, subject to customary closing conditions, including regulatory approvals and approval by MarineMax shareholders.
• The transaction is not subject to a financing condition.
• Upon completion, MarineMax will become a privately held company, and its common stock will cease to be listed on the New York Stock Exchange.
• MarineMax intends to file additional information regarding the transaction with the U.S. Securities and Exchange Commission, including a Current Report on Form 8-K, and will furnish a proxy statement to shareholders in connection with the required shareholder vote.

Advisors

• MarineMax: Wells Fargo as exclusive financial advisor; Sidley Austin LLP as legal counsel.
• Safe Harbor: Evercore as exclusive financial advisor; Simpson Thacher & Bartlett LLP as legal counsel.

About MarineMax

MarineMax (NYSE: HZO) is a leading recreational boat and yacht retailer, marina operator, and superyacht services company with more than 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities. Its integrated portfolio includes IGY Marinas, operating luxury marinas in premier yachting and sport fishing destinations; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, a premier manufacturer of sport and motor yachts; Aviara luxury dayboats; and Intrepid Powerboats, a renowned powerboat manufacturer.

MarineMax also provides financing and insurance services and offers digital technology products that connect boaters with preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. In addition, MarineMax Vacations in Tortola, British Virgin Islands, delivers luxury charter experiences. Land covers 29% of the earth’s surface—MarineMax is focused on the other 71%.

About Safe Harbor Marinas

Safe Harbor Marinas operates a leading network of marinas and superyacht service locations, providing exceptional service and memorable experiences for the global boating community. Safe Harbor is a portfolio company of Blackstone Infrastructure.

Additional Information

MarineMax intends to file a proxy statement with the SEC in connection with the proposed transaction. Shareholders of MarineMax are encouraged to review all relevant materials when they become available before making any voting decision.

Forward-Looking Statements

This communication contains forward-looking statements, including statements regarding the proposed transaction, its expected timing, benefits, and the prospective performance and outlook of MarineMax’s business. These statements are based on current beliefs, expectations, and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including: the ability to obtain shareholder and regulatory approvals; the risk that the transaction may not be completed in a timely manner or at all; the possibility of competing proposals; potential termination of the definitive agreement; the effects of the transaction’s pendency on relationships with customers, vendors, and employees; potential litigation; market conditions; economic and industry trends; environmental and weather-related impacts; and the seasonality and cyclicality of the business. Except as required by law, neither MarineMax nor Safe Harbor undertakes any obligation to update forward-looking statements to reflect subsequent events or circumstances.