US boat retailer acquires dealership and marina operations

North America
1st October 2020

US boat retailer acquires dealership and marina operations

MarineMaxInc, the largest recreational boat and yacht retailer in the US, has announced the acquisition of SkipperBud’s and its affiliate, Silver Seas Yachts (collectively SkipperBud’s), bringing the group’s total retail outlet count to 77.

With its HQ in Clearwater, Florida, the boat and yacht retailer MarineMax’s portfolio is focused on premium brands, and sells both new and used boats and related products and services. The company also owns Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies with operations in multiple countries.

SkipperBud’s was founded over 60 years ago under the leadership of Michael Pretasky Sr., and is now one of the largest sales, brokerage, service and marina/storage groups in the world. Led for the past 14 years by Michael Pretasky Jr., Fiscal 2019 revenue for SkipperBud’s was $220 million, making this the largest acquisition for MarineMaxInc to date, adding 20 locations.

Brett McGill, MarineMax CEO and President, commented:

Skipperbuds

The acquisition strengthens MarineMax’s premium real estate holdings with the addition of 11 marina and storage facilities, nearly doubling the company’s marina portfolio. The shareholders of SkipperBud’s will remain as its operators.

Mike Pretasky, Jr., SkipperBud’s President, commented:

The acquisition is expected to be accretive in its first full year. MarineMax said it will provide additional details on the acquisition when it reports its fiscal year 2020 results.

About MarineMaxInc About SkipperBud's

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