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U.S. Boat Sales Reached 13-Year High in 2020, Recreational Boating Boom to Continue Through 2021

CHICAGO–(BUSINESS WIRE[1])–With heightened interest in outdoor recreation activities and ways to social distance, consumer demand for new boats surged across the country in 2020. The National Marine Manufacturers Association[2] (NMMA), representing North American recreational boat, engine and marine accessory manufacturers, reports that retail unit sales of new powerboats in the U.S. increased last year by an estimated 12 percent compared...

MarineMax Expands Great Lakes and West Coast Presence Adding 20 Locations

CLEARWATER, Fla.–(BUSINESS WIRE)–Oct 1, 2020– MarineMax, Inc. (NYSE: HZO), the nation’s largest recreational boat and yacht retailer, today announced the acquisition of SkipperBud’s and its affiliate, Silver Seas Yachts (collectively SkipperBud’s), significantly growing its presence in the Great Lakes region and the West Coast of the United States. SkipperBud’s is one of the largest sales, brokerage, service and marina/storage groups...

Sailboat TH Development, LLC Acquires 112 Pad Ready Lots and Closes on Approximately $19M Construction Loan for a $26M Project Geared Toward Affordable Housing

MIAMI–(BUSINESS WIRE[1])–Redwood National Properties, LLC, a real estate investment firm based out of Miami, Florida, led by Brian A. Sidman of BAS Holdings Investments, LLC, in a joint venture with David Burstyn of Winston Capital Partners, LLC, today announced that Sailboat TH Development, LLC (the “Company”) has acquired a 10 acre pad-ready site in Opa-Locka, Florida, (the “Property”) in an...

MarineMax Further Expands Worldwide Yacht Services with Acquisition of Northrop & Johnson

CLEARWATER, Fla.–(BUSINESS WIRE[1])–MarineMax, Inc. (NYSE: HZO), the nation’s largest recreational boat and yacht retailer, today announced that it has acquired Northrop & Johnson, one of the largest superyacht brokerage and services companies with offices across the globe. The acquisition is expected to be accretive in its first full year. This transaction will be highly complementary to MarineMax’s 2019 acquisition of...