MarineMax Completes Acquisition of Premier Distributor and Retailer Williams Tenders USA
March 04 2024 - 8:00AM
Business Wire
~ Acquisition Expected to be Accretive in First
Full Year of Operations ~
MarineMax, Inc. (NYSE: HZO), the world’s largest recreational
boat, yacht and superyacht services company, today announced that
it has completed the acquisition of Williams Tenders USA, Inc.
(Williams). Headquartered in Pompano Beach, Florida, Williams is a
premier distributor and retailer for UK-based Williams Jet Tenders
Ltd., the world’s leading manufacturer of rigid inflatable jet
tenders for the luxury yacht market. The acquisition is expected to
be accretive in its first full year of operations.
“The addition of Williams illustrates our strategic approach to
growth, focused on the acquisition of high-quality businesses that
enhance our margin profile and strengthen customer relationships,”
said W. Brett McGill, Chief Executive Officer and President of
MarineMax. “Today, Williams’ luxury jet tenders are marketed in 20
locations across the United States and the Caribbean. Fueled by
growth in the yacht and luxury yacht markets, we see significant
potential for growth of Williams, while maintaining the exceptional
level of service and experiences their customer base expects. We
believe Williams is well-positioned to capitalize on this growth
opportunity and are thrilled to welcome the entire Williams USA
team to the MarineMax family.”
About Williams Tenders USA
Williams Tenders USA is the premier U.S. distributor and
retailer for Williams Jet Tenders, the world's leading luxury jet
tender manufacturer. The United Kingdom based manufacturer was
established in 2005 and is known for its innovative,
high-performance tenders with many custom options. In 2014,
Williams Jet Tenders established its U.S. distributor and retailer,
Williams Tenders USA. Headquartered in Pompano Beach, Florida, and
with dealer locations on the U.S. East and West Coasts, in the
Great Lakes region and in the Caribbean, Williams Tenders USA
provides comprehensive coverage for customers throughout the United
States and the Caribbean.
About MarineMax
As the world’s largest lifestyle retailer of recreational boats
and yachts, as well as yacht concierge and superyacht services,
MarineMax (NYSE: HZO) is United by Water. We have over 130
locations worldwide, including 82 dealerships and 66 marina and
storage facilities. Our integrated business includes IGY Marinas,
which operates luxury marinas in yachting and sport fishing
destinations around the world; Fraser Yachts Group and Northrop
& Johnson, leading superyacht brokerage and luxury yacht
services companies; Cruisers Yachts, one of the world’s premier
manufacturers of premium sport yachts and motor yachts; and
Intrepid Powerboats, a premier manufacturer of powerboats. To
enhance and simplify the customer experience, we provide financing
and insurance services as well as leading digital technology
products that connect boaters to a network of preferred marinas,
dealers, and marine professionals through Boatyard and Boatzon. In
addition, we operate MarineMax Vacations in Tortola, British Virgin
Islands, which offers our charter vacation guests the luxury
boating adventures of a lifetime. Land comprises 29% of the earth’s
surface. We’re focused on the other 71%. Learn more at
www.marinemax.com.
Forward Looking Statement
Certain statements in this press release are forward-looking as
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements include the expectations that the
acquisition of Williams Tenders, USA, Inc. will be accretive in the
first full year of operations and that Williams is well-positioned
to grow. These statements are based on current expectations,
forecasts, risks, uncertainties and assumptions that may cause
actual results to differ materially from expectations as of the
date of this release. These risks, assumptions and uncertainties
include the Company’s abilities to reduce inventory, manage
expenses and accomplish its goals and strategies, the quality of
the new product offerings from the Company’s manufacturing
partners, the performance and integration of the recently-acquired
businesses, general economic conditions, as well as those within
the Company’s industry, the liquidity and strength of its bank
group partners, the level of consumer spending, and numerous other
factors identified in the Company’s Form 10-K for the fiscal year
ended September 30, 2023 and other filings with the Securities and
Exchange Commission. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240301754565/en/
Investors:
Mike McLamb Chief Financial Officer MarineMax, Inc.
727-531-1700
Scott Solomon or Laura Resag Sharon Merrill Advisors
investors@marinemax.com 617-542-5300
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