Marine Max completes on Florida acquisition

Recreational boat, yacht and superyacht services company, MarineMax has completed the previously announced acquisition of Shelter Bay Marine, a full-service marina and storage facility in Marathon, Florida. The acquisition is expected to be accretive in the first full year of operations.

“The acquisition of Shelter Bay Marine strategically expands our presence in the Middle Keys, strengthening our ability to serve boaters across the region,” said Brett McGill, the company’s Chief Executive Officer and President. “We welcome Shelter Bay’s experienced team to the MarineMax family as we continue to execute on our long-term growth and margin enhancement strategy.”

In February 2025, MIN reported that US boat dealer MarineMax had relocated its Florida headquarters from Clearwater to an approximately 40,000-square-foot space within the same office park as Nielsen Media Research at 501 Brooker Creek Blvd. in Oldsmar. This was according to the general contractor responsible for the build out.

In its financial results for the fiscal 2025 first quarter, which ended on 31 December 2024, Marinemax reported revenue of $468.5m, with same-store sales down 11 per cent year-on-year – a reflection of the impact of a challenged retail market environment and the impact of hurricanes Helene and Milton, which affected the company’s locations along Florida’s west coast.