United States

MarineMax

<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has announced the sale of a <a data-gid="gid://syiq/Yacht/12830" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Grande 32/3632.0m (104'12&quot;)Azimut Yachts2025">2025 Azimut Grande 32 Metri</a>, with Roberto Borges representing the buyer.<img src="https://photo-assets.superyachttimes.com/photo/361877/image/large-f01070af2377efd83b0702cec9441623.png" data-gid="gid://syiq/Photo/361877">The 32-metre flybridge yacht features interiors by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a> and naval architecture by <a data-gid="gid://syiq/Company/5244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PierLuigi Ausonio Naval Architecture (Company)">PierLuigi Ausonio Naval Architecture</a>. Meanwhile, she showcases a sculptural exterior profile designed by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>.With a volume of 212 GT, she accommodates up to 10 guests across five well-appointed staterooms. Onboard, guests can enjoy two beach clubs, a generous forward deck and seamless indoor-outdoor living and entertaining areas.The Azimut Grande 32 Metri has a beam of 7.3-metres and a shallow draft of 1.9-metres. Powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, she cruises at 21 knots and reaches a top speed of 26.5 knots.

Azimut Grande 32/36 motor yacht sold

Marine Max has announced the sale of the Azimut Grande 32 Metri/36.

<a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine Group</a> has announced the launch of the fifth 54-metre <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta</a> <a data-gid="gid://syiq/Yacht/14256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Betsy54.0m (177'2&quot;)Mangusta Yachts2026">GranSport 54</a> yacht at <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine</a>'s shipyard in Pisa, Italy. The launch ceremony took place on 24 June in the presence of the owner and their family, alongside representatives from <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> and<a data-gid="gid://syiq/Company/4977" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nicolai Yacht Consulting & Project Management (Company)">&nbsp;Nicolai Yacht Consulting</a>.<img src="https://photo-assets.superyachttimes.com/photo/399269/image/large-6ab198dc6f3fc6876019fc895f6d92d2.jpg" data-gid="gid://syiq/Photo/399269">The yacht becomes the fifth hull in the <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta</a> GranSport 54 series. According to the shipyard, three units are already cruising in the Americas, with the latest launch further reinforcing the model's appeal in the region.Constructed with an aluminium hull and superstructure, the motor yacht has a beam of 9.01-metres and an interior volume below the 500 GT threshold.The <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta</a> <a data-gid="gid://syiq/Yacht/14256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Betsy54.0m (177'2&quot;)Mangusta Yachts2026">GranSport 54</a> yacht features exterior design crafted by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini Yacht Design</a>, in collaboration with <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine Group</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini Yacht Design</a>, also in collaboration with her builder. Her naval architecture was developed by <a data-gid="gid://syiq/Company/5244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PierLuigi Ausonio Naval Architecture (Company)">PierLuigi Ausonio Naval Architecture</a>.On the outside, the yacht’s slender exterior is characterised by sleek lines, a sculpted stern, integrated air vents in the bulwarks and a raked windscreen linked with the roll-bar. Designed to maximise the connection with the sea, she boasts generous outdoor living areas where the indoor and outdoor spaces seamlessly flow into each other.&nbsp;Inside, expansive glazing bathes her living spaces with natural light, elevating her custom-made details and generous volumes, making her ideal for long-range cruising and comfortable stays at anchor.Spanning 499 GT, accommodation onboard is arranged for up to 12 guests across six staterooms. Separate quarters provide accommodation for a crew of nine, including the captain.In terms of propulsion, the <a data-gid="gid://syiq/Yacht/14256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Betsy54.0m (177'2&quot;)Mangusta Yachts2026">fifth Mangusta GranSport 54</a> is powered by quadruple <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, propelling her to a top speed of 29 knots and a cruising speed of 20 knots. At a cruising speed of 12 knots, she boasts a range of up to 4,200 nautical miles.Starting from September, she will be for charter with <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a>.

Fifth Overmaine Mangusta GranSport 54 launched

The fifth 54-metre Mangusta GranSport 54 has been launched at Overmarine Group's shipyard in Pisa, Italy.


Fifth Overmarine Mangusta GranSport 54 yacht launched

NextBoat has announced a strategic partnership with <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, under which the US-based boating and yacht retailer will adopt <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s AI-powered wholesale platform for the sale of its trade-in and pre-owned inventory.<img src="https://photo-assets.superyachttimes.com/photo/390341/image/large-be765afb7248df37e9b507deb714d575.jpg" data-gid="gid://syiq/Photo/390341">The agreement marks the first time that an enterprise dealer group has adopted the platform as its preferred wholesale partner. Under the arrangement, pre-owned inventory will be evaluated, marketed and sold through <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s nationwide network of wholesale buyers.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates more than 120 locations worldwide and generated more than $2.3 billion in annual revenue. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> believes the partnership will increase transaction volumes across its platform while supporting the growth of its marketplace, data and financing businesses.According to the company, the platform is designed to modernise the wholesale and trade-in process through the use of artificial intelligence, real-time transaction data and a digital marketplace. Features include AI-powered vessel valuations, nationwide wholesale bidding, transaction management tools, automated workflows, inventory analytics and integrated financing and insurance solutions.As part of the agreement, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>'s finance and insurance division, Newcoast, will provide financing and insurance services for transactions originating through the platform. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> said this has the potential to generate recurring revenue through financing activity and insurance policy renewals as transaction volumes increase.“For 15 years, I've believed the marine industry deserved the same technology, transparency and scale that transformed automotive retail,” said Jason Ruegg, Founder and Executive Chairman of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>.&nbsp;“Today, the largest and most respected company in our industry has chosen to deploy the platform we built. We believe that validation speaks not only to what NextBoat has built, but to where this industry is headed.”Ruegg added that the agreement represents the beginning of the enterprise-scale deployment of the company's platform, with financing and insurance expected to become an increasingly important source of recurring revenue.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">In May 2026, it was announced that online marine marketplace <a data-gid="gid://syiq/Article/66120" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales to rebrand as NextBoat (2026-05-19 16:45:00 +0200)">Off The Hook Yacht Sales would officially rebrand</a> as <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> Inc, effective on or about 29 May 2026. The rebrand aimed to reflect the company’s evolution from a traditional yacht brokerage business, into an AI-powered technology platform.As well as this, <a data-gid="gid://syiq/Article/66089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts completes acquisition of Apex Marine Group (2026-05-14 16:30:00 +0200)">Off The Hook Yachts announced it had completed the acquisition</a> of marine, service and storage company, Apex Marine Group. Off The Hook Yachts believes that the Apex acquisition opens the door for additional partnerships, as it expands both its sales and service platforms.Kyle Langbehn, Executive Vice President and President of Retail Operations at <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, commented: “By integrating <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s advanced technology into our pre-owned retail platform, we believe we can improve efficiency while continuing to deliver exceptional service to our customers.”

NextBoat launches strategic partnership with MarineMax 

NextBoat has announced a partnership with MarineMax for the sale of its trade-in and pre-owned inventory using its AI-powered wholesale platform.

US-based boating and yacht retailer <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has completed the refinancing of its $1.49 billion senior secured credit facilities.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">The company has replaced its existing loans with a new financing package designed to lower borrowing costs, increase financial flexibility and extend the repayment deadline to June 2031.The refinancing includes a $950 million inventory financing facility, a $302.5 million term loan, a $150 million revolving credit facility, which replaces a $100 million facility and an $85 million delayed draw mortgage facility, of which $35 million is currently outstanding and replaces the previous $100 million facility.“This refinancing strengthens our financial position by lowering our borrowing costs, extending our maturity and providing additional liquidity to support the continued execution of our long-term strategy,” explained Michael H. McLamb, Executive Vice President, Chief Financial Officer and Secretary of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.The financings were led by M&amp;T Bank as Administrative Agent and Joint Lead Arranger, along with Wells Fargo Commercial Distribution Finance as Joint Lead Arranger and Floor Plan Agent.“Successfully completing this transaction on improved terms in today’s marine industry environment underscores the strength of our lender relationships and reflects the confidence they have in our operating performance, disciplined capital allocation, healthy balance sheet and management team,” concluded McLamb.&nbsp;<a data-gid="gid://syiq/Article/66058" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax explores potential sale as Donerail raises its bid (2026-05-12 10:45:00 +0200)">In May 2026</a>, Reuters reported that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> was preparing for a potential sale of the company. One potential buyer had raised its offer and one prominent private equity firm was conducting due diligence, with the <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> board of directors agreeing to move forward with a sale process.Read more:&nbsp;<a data-gid="gid://syiq/Article/66058" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax explores potential sale as Donerail raises its bid (2026-05-12 10:45:00 +0200)">MarineMax explores potential sale as Donerail raises its bid</a>Headquartered in Clearwater, Florida, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates 65 marinas and storage locations, alongside 70 dealerships, offering yachts for sale, as well as marine services through its acquisition of <a data-gid="gid://syiq/Company/2184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Island Global Yachting (Company)">Island Global Yachting (IGY)</a> in 2022, as well as <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.&nbsp;

MarineMax refinances $1.49 billion credit facilities

MarineMax has completed the refinancing of its $1.49 billion senior secured credit facilities.

MarineMax refinances $1.49 billion credit facilities, extending debt maturity to 2031

The 26.77-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> has been sold with Andrea Gallazzi of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/358752/image/large-08eac157a11d1569886deed3904ae603.png" data-gid="gid://syiq/Photo/358752">Delivered in 2023, <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> forms part of the <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> Grande 27 Metri series and was previously known as Catalina. The yacht features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, interiors by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a> and naval architecture developed by <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>.Constructed with a GRP hull and superstructure, <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> is characterised by sleek exterior lines, expansive glazing and generous outdoor living spaces. Her flybridge configuration provides multiple areas for dining, lounging and entertaining, while maintaining a strong connection to the sea.With a beam of 6.57-metres and an interior volume of 145 GT, accommodation onboard is arranged for up to 10 guests across five well-appointed staterooms. Additional quarters are provided for a crew of three, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, delivering a cruising speed of 24 knots and a top speed of 28 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> had a last known asking price of €5,900,000. (Image courtesy of&nbsp;<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">Marinemax</a>.)

27m Azimut motor yacht Scudo sold

 The 26.77-metre Azimut motor yacht Scudo has been sold in a deal involving IYC.

According to Reuters, US-based boating and yacht retailer <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> is reportedly preparing for a potential sale of the company. <img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">Three sources told Reuters that one potential buyer had raised its offer and one prominent private equity firm was conducting due diligence. Two of the sources also confirmed that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s board of directors agreed last month to move forward with a sale process, advancing discussions into a second round.The decision comes around six months after investment firm Donerail Group began urging the company to consider either a sale, or changes to its leadership structure. Donerail currently owns a five percent stake in <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> and according to two sources, the company has increased its initial offer, which originally valued the company at close to $1 billion.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/65294" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donerail makes $1 billion offer to acquire MarineMax (2026-02-03 12:30:00 +0100)">Donerail makes $1 billion offer to acquire MarineMax</a><img src="https://photo-assets.superyachttimes.com/photo/265730/image/large-3fda6f192a71e4f552e121164e407ea4.jpg" data-gid="gid://syiq/Photo/265730">Private equity firm Blackstone has also reportedly expressed interest in the business and is said to be conducting due diligence. Blackstone has existing investments in marinas and yacht-related infrastructure. Reuters previously reported that other parties, including Blue Compass, Island Capital Group and TPG, had also shown interest in a potential acquisition.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> is reportedly working with Wells Fargo on the sale process, while Donerail and its investment partners have retained Jefferies as advisers.Read:&nbsp;<a data-gid="gid://syiq/Article/65477" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax attracts further acquisition interest following $1B Donerail offer (2026-02-26 14:45:00 +0100)">MarineMax attracts further acquisition interest following $1B Donerail offer</a><img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-54496f786fc04228218fba51ab6acb9e.jpg" data-gid="gid://syiq/Photo/265731">The company’s share price has risen approximately 30 percent since the beginning of the year as investor pressure for a sale intensified. However, over the past five years, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> shares have declined by more than 50 percent.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, headquartered in Clearwater, operates 65 marinas and storage facilities alongside 70 dealerships across the United States. The company also has a presence in the superyacht sector, with a portfolio of yachts for sale listed through its brokerage operations.Neither <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> nor Donerail commented on the statements from Reuters, while Blackstone declined to comment. Reuters also noted that, despite progress in the process, there is no certainty that a transaction will ultimately be completed.

MarineMax explores potential sale as Donerail raises its bid

US-based boating and yacht retailer MarineMax is reportedly preparing for a potential sale of the company.

The 52-metre <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> motor yacht <a data-gid="gid://syiq/Yacht/11616" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Daybreak52.0m (170'7&quot;)Baglietto S.p.A.2024">Daybreak</a> is for sale with Josh Gulbranson of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> and James Corts of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.<img src="https://photo-assets.superyachttimes.com/photo/353047/image/large-f440b1119ea785dd00eb27cfac0ebc44.jpg" data-gid="gid://syiq/Photo/353047">Delivered in 2024 by Italian shipyard <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>, <a data-gid="gid://syiq/Yacht/11616" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Daybreak52.0m (170'7&quot;)Baglietto S.p.A.2024">Daybreak</a> is the fourth hull out of the nine yachts in the highly sought-after <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> 52m T-Line series. <img src="https://photo-assets.superyachttimes.com/photo/392547/image/large-df22b5b4a4b77b74fce23011f0f360df.jpg" data-gid="gid://syiq/Photo/392547">Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/11616" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Daybreak52.0m (170'7&quot;)Baglietto S.p.A.2024">Daybreak</a> has a beam of 9.5-metres and a draft of 2.7-metres. She features exterior design by <a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski</a>, with interiors penned by <a data-gid="gid://syiq/Company/76" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vafiadis (Company)">Studio Vafiadis</a>. Her naval architecture was developed in-house by her Italian builder.<img src="https://photo-assets.superyachttimes.com/photo/392566/image/large-4e62c043e07450295e7050772e8b4060.jpg" data-gid="gid://syiq/Photo/392566" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Outside, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> presents a commanding presence defined by elongated dark glazing and expansive exterior decks. Her tri-level beach club is a standout feature, incorporating sunpads, shaded lounging and an aft pool. <img src="https://photo-assets.superyachttimes.com/photo/392564/image/large-b636ba77cb987d2b5b9058765e02ac83.jpg" data-gid="gid://syiq/Photo/392564" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Moving up, her bridge deck aft is configured for lavish alfresco dining, complete with a full-service bar and barbecue setup. For more options of entertainment, her massive 27-metre sundeck is equipped with its own pool, bar, firepit and a DJ station.<img src="https://photo-assets.superyachttimes.com/photo/392550/image/large-267bbbe1dc2ba5d231dafbb44f4dec25.jpg" data-gid="gid://syiq/Photo/392550">Inside, <a data-gid="gid://syiq/Yacht/11616" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Daybreak52.0m (170'7&quot;)Baglietto S.p.A.2024">Daybreak</a> embodies a modern nautical Art Deco “Riva” aesthetic. Large panoramic windows let in abundant natural light throughout the saloons and guest suites. <img src="https://photo-assets.superyachttimes.com/photo/392586/image/large-840ba09f3e5ebdcea4a229a6e98f8a32.jpg" data-gid="gid://syiq/Photo/392586" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Thanks to details like reflective finishes, integrated lighting and sculptural furnishings, the atmosphere onboard feels polished yet relaxed. Moreover, soft neutral furnishings contrasted by glossy dark accents and metallic detailing contribute to a refined and hotel-inspired ambiance, particularly in the staterooms. <img src="https://photo-assets.superyachttimes.com/photo/392582/image/large-1f19727efb553311124a095a0a24379c.jpg" data-gid="gid://syiq/Photo/392582" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">At an internal volume of 494 GT, accommodation onboard the <a href="http://ttps%3A//www.superyachttimes.com/directories/yachts/for-sale/built-by=baglietto" rel="noopener noreferrer" target="_blank" title="">Baglietto yacht for sale</a> is arranged for up to 10 guests across five staterooms, including a full-beam owner’s suite on the main deck. Dedicated quarters sleep up to a crew of 10, including her captain. <img src="https://photo-assets.superyachttimes.com/photo/392569/image/large-c422a93d1bd4300466151dd2d01d9358.jpg" data-gid="gid://syiq/Photo/392569" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">In terms of performance, the <a data-gid="gid://syiq/Yacht/11616" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Daybreak52.0m (170'7&quot;)Baglietto S.p.A.2024">yacht Daybreak for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, delivering a cruising speed of 12 knots and a top speed of 16 knots. Built for long-range cruising, she offers a transatlantic range of 4,200 nautical miles cruising at 10 knots.<img src="https://photo-assets.superyachttimes.com/photo/392579/image/large-acc3bda177c048d5add40b14a50448ed.jpg" data-gid="gid://syiq/Photo/392579">All images provided by&nbsp;<a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>.

52m Baglietto superyacht Daybreak for sale

he 52m Baglietto motor yacht Daybreak is for sale, featuring a tri-level beach club, Riva-inspired interiors and transatlantic cruising capability.

The tenth hull of the 35.6-metre <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a> 35R series has been sold. Brandon Barnes of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a> represented the buyer while James Corts of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> represented <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a> in the transaction. <img src="https://photo-assets.superyachttimes.com/photo/244510/image/large-faac888ac30d104a2bab5f8e8f39c17f.jpg" data-gid="gid://syiq/Photo/244510">The <a data-gid="gid://syiq/Yacht/14728" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander 35R1035.6m (116'10&quot;)Ocean Alexander2026">Ocean Alexander&nbsp;35R10</a> is currently in-build, with an expected delivery date of 2026 and forms part of the shipyard’s semi-custom 35 Revolution series. She features naval architecture developed by <a data-gid="gid://syiq/Company/1234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arrabito Naval Architects (Company)">Arrabito Naval Architects</a>, with exterior and interior design by <a data-gid="gid://syiq/Company/111" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Evan K Marshall (Company)">Evan K Marshall</a>.The <a data-gid="gid://syiq/Yacht/14728" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander 35R1035.6m (116'10&quot;)Ocean Alexander2026">Ocean Alexander</a> 35R yacht features an open bridgedeck that leads to an enclosed skylounge, providing a climate-controlled upper level and a seamless flow between her open-air deck spaces and interior living spaces.At a volume of 298 GT, the <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a> 35R yacht is capable of accommodating up to 10 guests across five well-appointed staterooms, while dedicated sleeping quarters are available for up to five crew members, including her captain.The <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a> 35R yacht is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines and is constructed with a GRP hull and superstructure.

New-build 36m Ocean Alexander 35R yacht sold

The tenth 36m Ocean Alexander 35 Revolution yacht has been sold involving a deal with Denison Yachting and MarineMax.


<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has announced the appointment of Mike Doyle as Vice President of Yachts. He will focus on driving strategic growth across the company’s yacht division, alongside strengthening client relationships and supporting the company’s sales of both new and brokerage yacht sales platforms. <img src="https://photo-assets.superyachttimes.com/photo/389910/image/large-ee435621ffe636248d95f30e049601bd.jpeg" data-gid="gid://syiq/Photo/389910"><a data-gid="gid://syiq/Article/65294" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donerail makes $1 billion offer to acquire MarineMax (2026-02-03 12:30:00 +0100)">Read:&nbsp;Donerail makes $1 billion offer to acquire MarineMax&nbsp;</a>Doyle brings more than 40 years of experience in the marine industry and has been part of the <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> team since 1993. Throughout his career, he has built a strong reputation in yacht sales and client advisory, generating more than $360 million in sales.Kyle Langbehn, President of Retail Operations and Executive Vice President at <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, commented: “Mike is a true cornerstone of our yacht business, and this promotion is a reflection of what he has built over more than three decades with <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>. His depth of knowledge, unwavering commitment to his clients, and passion for the boating lifestyle make him an invaluable part of our team.” <img src="https://photo-assets.superyachttimes.com/photo/184954/image/large-8e666ff4134488455564377734422817.jpg" data-gid="gid://syiq/Photo/184954"><a data-gid="gid://syiq/Article/65477" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax attracts further acquisition interest following $1B Donerail offer (2026-02-26 14:45:00 +0100)">Read: MarineMax attracts further acquisition interest following $1B Donerail offer&nbsp;</a>Based in Pompano Beach, Florida, Doyle has played a key role in expanding <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s yacht operations in South Florida. Moreover, his career encompasses being recognised as a leading Sea Ray salesman for over 15 years, alongside multiple industry accolades including Hatteras Salesman of the Year and repeated Chairman’s Circle honours.“I am proud to take on this role and continue working alongside the <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> team,” commented Doyle. “I look forward to building on our success and further enhancing the experience we deliver to our clients.” Images provided courtesy of&nbsp;<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.

MarineMax appoints Mike Doyle as Vice President of Yachts

: MarineMax appoints Mike Doyle as Vice President of Yachts, bringing over 40 years of industry experience in the company’s yacht division.

<a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a> has announced the sale of 34.6-metre <a data-gid="gid://syiq/Yacht/12502" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander 35P0234.6m (113'6&quot;)Ocean Alexander2024">Ocean Alexander 35 Puro</a> motor yacht, with Andrew Troyer of <a data-gid="gid://syiq/Company/6883" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Troyer Yachts (Company)">Troyer Yachts</a> introducing the buyer and James Corts of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/361775/image/large-ac04cdf2d57eb625b977523b26e1517a.png" data-gid="gid://syiq/Photo/361775">The yacht has been sold to owners based in Fort Lauderdale, United States, following nearly two years of the clients’ careful consideration and engagement with the brand. <img src="https://photo-assets.superyachttimes.com/photo/361777/image/large-ee1b155e0618a617d93eea4498c018e4.png" data-gid="gid://syiq/Photo/361777">The clients, who are upgrading from a 29-metre yacht, selected the <a data-gid="gid://syiq/Yacht/12502" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander 35P0234.6m (113'6&quot;)Ocean Alexander2024">35 Puro</a> after evaluating both the <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a> 35 Revolution and 35 Puro models, ultimately favouring the latter. The sold yacht will be used privately and will remain in Fort Lauderdale. <img src="https://photo-assets.superyachttimes.com/photo/346391/image/large-9d44d81350192dc6a9d2572596121c67.jpg" data-gid="gid://syiq/Photo/346391">Built by the Taiwanese shipyard, the <a data-gid="gid://syiq/Yacht/12502" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander 35P0234.6m (113'6&quot;)Ocean Alexander2024">Ocean Alexander 35 Puro</a> features exterior and interior design by Cassetta Yacht Designers, with naval architecture developed by NavalHEAD. Constructed with a GRP hull and superstructure, she has a beam of 7.44-metres and a draught of 2.06-metres. The yacht is propelled by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines. <img src="https://photo-assets.superyachttimes.com/photo/346350/image/large-f3469f4b2694d51bf54a079118642cf7.jpg" data-gid="gid://syiq/Photo/346350">At an interior volume of 273 GT, the yacht can accommodate up to 10 guests across five staterooms onboard, alongside sleeping quarters for a crew of five. Designed for both private cruising and entertaining, the <a data-gid="gid://syiq/Yacht/12502" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander 35P0234.6m (113'6&quot;)Ocean Alexander2024">35 Puro</a> features contemporary styling with functional living spaces. <img src="https://photo-assets.superyachttimes.com/photo/346367/image/large-bf89a1693410a62d9d73278a51a336e3.jpg" data-gid="gid://syiq/Photo/346367">The yacht had a last asking price of $24,700,000 at the time of her sale.All images provided courtesy of Ocean Alexander.

 35m Ocean Alexander 35 Puro motor yacht sold

Ocean Alexander has announced the sale of the 34.6-metre Ocean Alexander 35 Puro.

Private equity firms Blackstone, TPG and Centerbridge Partners, alongside strategic investors and wealthy individuals are among some of the names that have reportedly expressed interest in acquiring <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, according to Reuters.&nbsp;<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has allegedly sent out confidentiality agreements allowing the parties to review documents and receive other information to shape potential bids. Recreational vehicle retail company Blue Compass and investor Island Capital Group have also expressed interest.On 3 February 2026, Investment group Donerail submitted a non-binding acquisition proposal to acquire <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> for $35 per share, with the offer valuing the business at just over $1 billion.Read:&nbsp;<a data-gid="gid://syiq/Article/65294" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donerail makes $1 billion offer to acquire MarineMax (2026-02-03 12:30:00 +0100)">Donerail makes $1 billion offer to acquire MarineMax</a><img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">However, following a public letter on 9 February to shareholders where Donerail urged them to vote against the re-election of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> Chief Executive Officer Brett McGill, and questioned the company’s corporate governance, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> responded that it denied the allegations.This prompted a second public letter from Donerail on 23 February, where they claimed <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> had not provided “any meaningful feedback” on its proposal and had not provided access to customary confidential information that is necessary to finalise a fully binding proposal.Read:&nbsp;<a data-gid="gid://syiq/Article/65363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donerail urges shareholders to vote against MarineMax CEO ahead of AGM (2026-02-11 15:45:00 +0100)">Donerail urges shareholders to vote against MarineMax CEO ahead of AGM</a><img src="https://photo-assets.superyachttimes.com/photo/265730/image/large-3fda6f192a71e4f552e121164e407ea4.jpg" data-gid="gid://syiq/Photo/265730"><a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> responded to this letter by issuing a statement the following day (24 February) where they stated that the company is “committed to driving value for all shareholders and other stakeholders and regularly considers different approaches to achieving that objective.”<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> said they had been engaging with Donerail to evaluate, what they describe as “its unsolicited indication of interest to acquire the company.” They also claimed that they had provided Donerail with a stand non-disclosure agreement nearly two weeks ago to facilitate further discussions.Read:&nbsp;<a data-gid="gid://syiq/Article/65454" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donerail and MarineMax issue further open letters over leadership concerns (2026-02-24 15:45:00 +0100)">Donerail and MarineMax issue further open letters over leadership concerns</a><img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-54496f786fc04228218fba51ab6acb9e.jpg" data-gid="gid://syiq/Photo/265731">According to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, the board remains committed to carefully evaluating any credible proposal that has the potential to enhance shareholder value.

MarineMax attracts further acquisition interest

Blackstone, TPG and Centerbridge Partners, alongside strategic investors and wealthy individuals have expressed interest in acquiring MarineMax.

MarineMax attracts further acquisition interest following $1B Donerail offer

Both The Donerail Group and <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> have issued further open letters, following The Donerail Group’s <a data-gid="gid://syiq/Article/65363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donerail urges shareholders to vote against MarineMax CEO ahead of AGM (2026-02-11 15:45:00 +0100)">original open letter to shareholders on 9 February 2026</a>, where they urged them to vote against the re-election of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> Chief Executive Officer Brett McGill.Dated 23 February 2026, The Donerail Group has claimed in another open letter to shareholders that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has not provided “any meaningful feedback” on its proposal to to acquire the yacht and marina operator for $35 per share, with the offer valuing the business at just over $1 billion.The Donerail Group, co-founded by Will Wyatt and Wes Calvert in 2018, currently holds over four percent of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> and has been continuously vocal about concerns over the company’s strategy, capital allocation and financial oversight.Read:&nbsp;<a data-gid="gid://syiq/Article/65363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donerail urges shareholders to vote against MarineMax CEO ahead of AGM (2026-02-11 15:45:00 +0100)">Donerail urges shareholders to vote against MarineMax CEO ahead of AGM</a><img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">“We are disappointed that, despite submitting our initial proposal nearly six weeks ago on January 13, 2026, alongside a more detailed proposal on February 1, 2026, providing clear evidence of financing capability from leading global investment partners, the board has not provided any meaningful feedback on our proposal,” explained The Donerail Group.According to the open letter, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has also not established a bona fide process to evaluate their proposal or provide access to customary confidential information that is necessary to finalise a fully binding proposal.&nbsp;“We remain fully prepared to move expeditiously toward consummating our proposal upon being granted access to such information and the opportunity to conduct customary due diligence, subject to which, we believe that we could potentially increase our proposal price,” they further explained.&nbsp;The Donerail Group also claims that since its public letter on 9 February, they have received further concerns from shareholders, industry participants and financial institutions about <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s performance, governance, strategic direction and willingness to engage with potential strategic acquirers.“These developments further support our long-held belief that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s intrinsic value is significantly greater than its current share price reflects, and that decisive leadership and proper stewardship are required to unlock that value for shareholders,” they added.&nbsp;On Friday 20 February, it was publicly disclosed that the California State Teachers’ Retirement System (“CalSTRS”), who are the second-largest public pension fund in the United States and a globally respected institutional investor, voted against the re-election of Brett McGill and the company’s other director nominees, a stance The Donerail Group has actively petitioned for.As well as this, long-term <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> shareholder Levin Capital Strategies, also called on <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> on Tuesday 17 February, to announce a strategic review following Donerail’s all-cash $35 per share acquisition proposal. They stated that “further delay on the part of the board will force shareholders to hold directors accountable at future annual meetings.”The Donerail Group ended its open letter to shareholders with the following statement, “As always, we remain open to engaging constructively with <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> and its board to pursue a value-maximising outcome for all shareholders. We appreciate your continued support.”<img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-54496f786fc04228218fba51ab6acb9e.jpg" data-gid="gid://syiq/Photo/265731">MarineMax responds to The Donerail GroupFollowing this open letter to shareholders, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> issued an additional statement in response to The Donerail Group’s claims. Published today (24 February), <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> stated that the company is “committed to driving value for all shareholders and other stakeholders and regularly considers different approaches to achieving that objective.”As a result of this, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, with the assistance of its independent financial and legal advisors has been engaging with Donerail to evaluate, what they describe as “its unsolicited indication of interest to acquire the company.”“Following receipt of the Indication of Interest, the company promptly responded to Donerail with customary diligence questions aimed at facilitating the board’s evaluation of Donerail’s interest, funding sources and execution certainty. The company and its advisors have had three substantive calls with Donerail and its representatives,” explained <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.&nbsp;<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> also stated that it provided Donerail with a stand non-disclosure agreement nearly two weeks ago to facilitate further discussions.&nbsp;“While Donerail has publicly expressed its desire to receive non-public information about our business twice (and criticised the Company for not yet providing such information), Donerail has not yet executed, or even provided comments on, this simple, customary agreement,” added <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.&nbsp;According to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, the board remains committed to carefully evaluating any credible proposal that has the potential to enhance shareholder value.You can read the <a data-gid="gid://syiq/Article/65363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donerail urges shareholders to vote against MarineMax CEO ahead of AGM (2026-02-11 15:45:00 +0100)">full news story first published on 11 February</a>, which includes details surrounding the original open letter and <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s initial response <a data-gid="gid://syiq/Article/65363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donerail urges shareholders to vote against MarineMax CEO ahead of AGM (2026-02-11 15:45:00 +0100)">here</a>.

Donerail and MarineMax issue further open letters over leadership concerns

Both The Donerail Group and MarineMax have issued further open letters, following concerns over the leadership of the board. 

Investment Group Donerail has issued an open letter to shareholders of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, following its all-cash offer last week to acquire the yacht and marina operator for $35 per share.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">The letter, published on 9 February 2026, comes ahead of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s Annual General Meeting which is currently scheduled for 3 March, with Donerail confirming its intention to vote against the re-election of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> Chief Executive Officer Brett McGill.Donerail also reaffirmed its previously announced $35 per share proposal to acquire <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, with the offer valuing the business at just over $1 billion. According to the letter, Donerail first submitted its non-binding offer to the board on 13 January 2026, followed by a more detailed proposal on 1 February.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/65294" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donerail makes $1 billion offer to acquire MarineMax (2026-02-03 12:30:00 +0100)">Donerail makes $1 billion offer to acquire MarineMax</a><img src="https://photo-assets.superyachttimes.com/photo/184962/image/large-b43a0de283081eb08541cae71bda0580.jpg" data-gid="gid://syiq/Photo/184962"><a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> stated that its offer represents a meaningful premium to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s 60-day volume-weighted average share price of $25.451 and is supported by what it described as leading global institutional investors. The proposal remains subject to confirmatory due diligence.Donerail claims that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has not engaged in productive discussions since those submissions, but they would be willing to increase their offer price if warranted by due diligence. They also reiterated their readiness to participate in what it described as a “bona fide strategic review.”Donerail, co-founded by Will Wyatt and Wes Calvert in 2018, currently holds over four percent of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> and has been continuously vocal about concerns over the company’s strategy, capital allocation and financial oversight.A significant portion of the letter focuses on corporate governance, with Donerail accusing <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s board of entrenchment and alleging a culture of nepotism within the organisation.Donerail claims that repeated attempts to engage privately with management and the board over the past seven months were either ignored or obstructed. It also referenced an effort in November 2025 to nominate three directors, which it said was invalidated by the board.Donerail argued that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> is being run “as a family enterprise, not a public company”, pointing to what it described as family employment across senior leadership functions. It cited publicly available information from Glassdoor and Indeed and company filings regarding the employment of relatives of senior executives, noting that “advancement often bears little relationship to responsibility or performance.”In the letter, Donerail further questioned the independence of the board, alleging that it has become “captive” to the CEO and is unwilling to act independently while he remains in the boardroom. <img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-54496f786fc04228218fba51ab6acb9e.jpg" data-gid="gid://syiq/Photo/265731">The letter also addresses <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s recent financial performance and strategic decisions, including its 2022 acquisition of <a data-gid="gid://syiq/Company/2184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Island Global Yachting (Company)">Island Global Yachting (IGY)</a>. Donerail claims that the deal has not delivered the resilience and earnings profile outlined by management at the time.Citing Bloomberg data and company filings, the investor highlighted share price performance over the past five years, earning misses following the acquisition and margin contraction. It also referenced a goodwill impairment charge reported for the year ended 30 September 2025.Donerail stated that, in its view, the current leadership cannot be in charge of the company’s future and that a change at board level is necessary to restore accountability and enable a strategic review. They are also urging shareholders to vote against Brett McGill’s re-election as a director.“A vote for Brett McGill is a vote to preserve the current governance structure, the current leadership, and the trajectory that has produced sustained underperformance and diminished shareholder confidence,” said Donerail.The firm stated that failure to secure majority support would constitute, in its view, a vote of no confidence in his leadership and that he should step down as Chief Executive Officer in that scenario. Donerail suggested that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s Chief Financial Officer, Michael McLamb, could serve as interim CEO during a strategic review process.<img src="https://photo-assets.superyachttimes.com/photo/265730/image/large-3fda6f192a71e4f552e121164e407ea4.jpg" data-gid="gid://syiq/Photo/265730">MarineMax responds to Donerail Group’s public letter to shareholdersOn 10 February 2026, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> responded, rejecting the claims made by Donerail. The company stated that it maintains “an active and ongoing dialogue” with Donerail, including site visits and meetings with the Independent Chairperson of the Board.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> described the allegation that it has "not offered any productive engagement" as “patently false,” adding that its engagement with Donerail has been acknowledged and appreciated by the investor in private correspondence. The company also said it continues to evaluate Donerail’s proposal in good faith with the support of independent financial and legal advisors.The company further disputed Donerail’s assessment of the company’s performance, citing external macroeconomic factors such as softer retail demand, higher interest rates and geopolitical instability.&nbsp;<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> stated that under CEO Brett McGill, it has doubled revenue and Adjusted EBITDA, maintained gross margins above 30 percent for 21 consecutive quarters, expanded strategically into new markets and higher-margin services, marinas, and superyachts.&nbsp;<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has emphasised that the Board remains committed to “thoughtful and ongoing Board refreshment,” having appointed five new independent directors since 2021 and transitioned seven directors off the Board since 2024.“The Board is focused on strengthening <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s portfolio of products and services, investing in higher-margin initiatives, improving operational efficiency, enhancing the Company’s financial profile and delivering exceptional customer experiences,”concluded <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.&nbsp;“The Board is confident that the re-election of Mr. McGill, and each of the Board’s nominees, at <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s 2026 Annual Meeting will support the successful execution of these initiatives and advance the best interests of all shareholders.”Headquartered in Clearwater, Florida, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates 65 marinas and storage locations, alongside 70 dealerships, offering yachts for sale, as well as marine services through its acquisition of <a data-gid="gid://syiq/Company/2184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Island Global Yachting (Company)">Island Global Yachting (IGY)</a> in 2022.

Donerail urges vote against MarineMax CEO ahead of AGM

Donerail has urged MarineMax shareholders to vote against CEO Brett McGill at the company’s upcoming AGM.

Donerail urges shareholders to vote against MarineMax CEO ahead of AGM

Investment group Donerail has made an all-cash offer to acquire <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> for $35 per share, valuing the business at just over $1 billion. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-54496f786fc04228218fba51ab6acb9e.jpg" data-gid="gid://syiq/Photo/265731"><a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has confirmed that it has received an unsolicited, non-binding indication of interest from The Donerail Group to acquire all outstanding common shares at the proposed price. In a statement issued on 3 February, the company said its Board of Directors is reviewing the proposal in consultation with its independent financial and legal advisors and will determine the appropriate course of action in line with its fiduciary duties.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> added that there is no action required from shareholders at this time. Sidley Austin LLP is acting as legal counsel to the company, while Wells Fargo has been appointed as its financial advisor.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s stock was trading around $26.09 prior to the news, valuing the company at roughly $575 million. The share price has risen eight percent so far this year after the company reported a 10 percent increase in same-store sales in its first quarter of fiscal 2026, although it remains down 12 percent over the past 12 months and 37 percent over the last five years.Read: <a data-gid="gid://syiq/Article/63908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax releases fiscal 2025 third quarter results (2025-07-25 12:00:00 +0200)">MarineMax releases fiscal 2025 third quarter results</a><img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">Donerail, co-founded by Will Wyatt and Wes Calvert in 2018, currently holds nearly five percent of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> and has been vocal about concerns over the company’s strategy, capital allocation and financial oversight. Other parties are also understood to have expressed interest in <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, including potential acquisitions of parts of the business such as its marina operations.In April 2024, a class action lawsuit related to a 2024 data breach, which allegedly compromised sensitive customer information, was <a data-gid="gid://syiq/Article/63053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax resolves data breach case with $1 million settlement (2025-04-09 10:45:00 +0200)">resolved for over $1 million</a>, while Executive Vice President and COO of MarineMax’s Superyacht Division, <a data-gid="gid://syiq/Article/64767" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exclusive: Daniel Ziriakus on leadership, growth and what comes next after 18 years in yachting (2025-11-13 17:15:00 +0100)">Daniel Ziriakus stepped down from his role</a> in December 2025.&nbsp;<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>'s annual meeting is currently scheduled for 3 March, with investors set to decide who sits on the company's board, with three of the company's seven board members, including CEO Brett McGill, standing for election.Headquartered in Clearwater, Florida, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates 65 marinas and storage locations, alongside 70 dealerships, offering yachts for sale, as well as marine services through its acquisition of <a data-gid="gid://syiq/Company/2184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Island Global Yachting (Company)">Island Global Yachting (IGY)</a> in 2022.SuperYacht Times has reached out to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> for further comment.

Donerail makes $1 billion offer to acquire MarineMax

Investment group Donerail has made an all-cash offer to acquire MarineMax for $35 per share, valuing the business at just over $1 billion.

The 27.43-metre <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a> motor yacht <a data-gid="gid://syiq/Yacht/10768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinch Me27.43m (89'12&quot;)Ocean Alexander2021">Pinch Me</a> has been sold, with Scott Douglass of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> introducing the buyer and Conrad Vanderlely of <a data-gid="gid://syiq/Company/5077" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Yacht Group (Company)">The Italian Yacht Group</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/366790/image/large-47971f4da1188d973916d3ba26f4566b.jpg" data-gid="gid://syiq/Photo/366790">Delivered in 2021, <a data-gid="gid://syiq/Yacht/10768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinch Me27.43m (89'12&quot;)Ocean Alexander2021">Pinch Me</a> features naval architecture by <a data-gid="gid://syiq/Company/1234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arrabito Naval Architects (Company)">Arrabito Naval Architects</a>, with exterior and interior design by <a data-gid="gid://syiq/Company/111" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Evan K Marshall (Company)">Evan K Marshall</a>.Inside, <a data-gid="gid://syiq/Yacht/10768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinch Me27.43m (89'12&quot;)Ocean Alexander2021">Pinch Me</a> has a clean aesthetic with neutral furnishings, wood paneling, and plenty of natural light. With a volume of 138 GT, she can accommodate up to eight guests across four well-appointed staterooms. Other onboard highlights include a sky lounge and a bridge deck with a Jacuzzi.<a data-gid="gid://syiq/Yacht/10768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinch Me27.43m (89'12&quot;)Ocean Alexander2021">Pinch Me</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, giving her a cruising speed of 16 knots and a top speed of 23 knots. She has a last known asking price of $7,999,995 at the time of her sale.