Safe Harbor nears $1.5B deal to buy MarineMax for marina expansion
Safe Harbor, Blackstone’s infrastructure arm, is nearing a deal valued near $1.5 billion to buy MarineMax, valuing its equity at about $1.17 billion. MarineMax had $335 million in long-term debt as of June and has been formally soliciting bids since April, after investor pressure including calls to sell or replace CEO Brett McGill. The acquisition would expand Safe Harbor’s marina network across the U.S., Caribbean and Mediterranean, with Safe Harbor owning and operating MarineMax’s segments.