Marinemax to acquire igy marinas significantly expanding global marina and services business

Clearwater, fla.--(business wire)--marinemax, inc. (nyse: hzo), the world's largest recreational boat and yacht retailer, today announced that it has entered into a definitive agreement to acquire island global yachting llc (“igy marinas”), which owns and operates a collection of iconic marina assets and a yacht management platform in key global yachting destinations. marinemax will acquire igy marinas for $480 million in cash, with an additional potential earnout of up to $100 million two year
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