MarineMax has signed a definitive agreement to acquire Shelter Bay Marine, a full-service marina and storage facility in Florida Keys.
The acquisition is expected to close by the end of June 2025 and be accretive in the first full year of operations.
The marina, located in Marathon, provides unrestricted, direct ocean access with no bridge height limitations.
It has space to store more than 175 boats and also offers service and retail facilities.
“The acquisition of Shelter Bay aligns seamlessly with our strategy of acquiring higher-margin businesses that complement other parts of our business and create valuable synergies,” explained Brett McGill, CEO and president of MarineMax.
Strong reputation
“Geographically, Shelter Bay strengthens our presence in the Middle Keys, building on our growing Ocean Reef and Islamorada locations.”
He added: “The Shelter Bay team has a strong reputation for service excellence that blends well with our culture.
“In addition, the marina provides another outlet for our premium brands, enhancing the customer experience through greater convenience and expanded access to our offerings.”
MarineMax is a retailer of recreational boats and yachts, as well as yacht concierge and superyacht services.
The organisation has more than 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities.
