Latest News
MarineMax Acquires Northrop and Johnson SuperYacht Brokerage
Monday 06 July 2020

Florida, US-based recreational boat and yacht retailer MarineMax, Inc. (NYSE: HZO) has acquired US superyacht brokerage and services company Northrop and Johnson, to expand worldwide yacht services, the company said.

Terms of the transaction were not disclosed.

The acquisition is expected to be accretive in its first full year.

This transaction complement MarineMax's 2019 acquisition of Fraser Yachts, the largest global superyacht brokerage and luxury yacht services company. With the acquisition of Northrop and Johnson, MarineMax becomes the dominant leader in the superyacht services business.

Northrop and Johnson is strategically located in the most prominent yachting markets of the Americas, Europe, Asia and Australia. Northrop and Johnson engages in yacht brokerage, yacht chartering, charter management, crew placement, new build consultation and yacht insurance.

Northrop and Johnson, with its leading digital marketing tools, is one of the most technologically advanced companies in the industry due to its content and state-of-the-art interface for users.

MarineMax is a recreational boat and yacht retailer, focussed on premium brands.
Details
Date Published: 06/07/2020

Options