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Update: Blackstone Portfolio Company to Buy MarineMax for Roughly $1.50 Billion; Shares Rise

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(Updates with the latest stock movement in the last paragraph and headline.)

Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax (HZO) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday.

The purchase price represents a 96% premium to MarineMax's last trading day before the public disclosure of an unsolicited, non-binding takeover proposal.

The deal, which is expected to close by the end of 2026, was unanimously approved by MarineMax's board following a strategic review.

The transaction is not subject to a financing condition, the companies said. Upon completion, MarineMax will no longer be listed on the New York Stock Exchange.

Shares of MarineMax were up roughly 46% in Monday trading, while Blackstone stock was up 2.5%.

Price: $140.58, Change: $+3.45, Percent Change: +2.52%

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