MarineMax completes acquisition of Intrepid Powerboats
MarineMax has completed the acquisition of Intrepid Powerboats (Intrepid), a premier manufacturer of powerboats.
MarineMax entered into a definitive agreement to acquire powerboat manufacturer Intrepid Powerboats in October 2021. Based in Largo, Florida, Intrepid follows a direct-to-consumer distribution model and produced revenue in excess of $60 million in the last twelve months.
W. Brett McGill, chief executive officer and president of MarineMax, says: “We are excited to add Intrepid Powerboats to the growing list of strategic acquisitions we have completed. Providing Intrepid with additional resources to enhance how it serves its loyal customer base, while leveraging our digital technologies and capital, will allow it to continue to innovate and grow. We are happy that Ken Clinton and the Intrepid management team have joined our family and will continue to operate the business.”
Intrepid follows a direct-to-consumer distribution model and has received many awards and accolades for its innovations and high-quality craftsmanship that create industry leading products in their categories.
Raymond James Investment Banking Marine Team was the advisor for Intrepid Powerboats.