Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, February 10, 2023

Article Excerpt

MARINEMAX INC., $30.75, symbol HZO on New York, operates as a recreational boat and yacht retailer and superyacht services firm in the U.S. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, ski boats, jet boats, and other recreational boats. It offers marine parts and accessories comprising marine electronics; dock and anchoring products that include boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, which comprise tubes, lines, wakeboards, and skis; engine parts; steering and control systems; corrosion control products and service products; high-performance accessories, including propellers and instruments; and a line of boating accessories, such as life jackets, inflatables, and water sports equipment. MarineMax also provides novelty items, such as shirts, caps, and license plates; marine engines and equipment; maintenance, repair, and slip and storage accommodation services; and boat or yacht brokerage services. The company has more than 125 locations worldwide, including 78 dealerships and 57 marinas. Its businesses include…