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MarineMax, Inc. (NYSE:HZO) – MarineMax Acquires Texas MasterCraft For Undisclosed Sum


MarineMax Acquires Texas MasterCraft For Undisclosed Sum

  • MarineMax Inc (NYSE: HZO) has acquired the property of Texas MasterCraft, a full-service Dallas, Texas space towboat vendor, for an undisclosed sum.
  • Jimmy Harvell launched Texas MasterCraft in 2001, after a number of years of instructing as a waterski professional and dealing with numerous different Dallas space dealerships. 
  • Texas MasterCraft generated income of over $45 million in 2020. MarineMax expects the acquisition to be accretive in its first full twelve months after the closing.
  • By the deal, MarineMax has expanded into the biggest towboat market within the U.S. The dealership advantages from a non-public lake it owns used for numerous promotional occasions and buyer demonstration functions.
  • MarineMax held $222.2 million in money and equivalents as of September 30, 2021.
  • Value Motion: HZO shares are buying and selling greater by 2.88% at $53.28 on the final verify Monday.

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