Blackstone Nears $1.5B MarineMax Purchase

Seif Harbor Marine, owned by the infrastructure unit of Blackstone, is nearing a deal worth $1.5 billion to acquire Marine Max, a company specializing in the sale of luxury yachts and marina services. The agreement involves a payment of approximately $53 per share, a significant premium over the previous closing price, valuing the company's equity at around $1.17 billion. Marine Max operates yacht fleets in the United States and the Caribbean. The company had previously received offers from other investors such as Donirel and Centrebridge. The deal is expected to be announced this week and is the largest acquisition for Seif Harbor since its $5.7 billion deal last April. It will add new marina locations to its network of operations, with a focus on the attractive marine marina sector, which is supported by declining interest rates and increased spending on luxury goods.

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