News

Sail & Ski Center has been acquired by MarineMax, Inc. (NYSE: HZO)

AUSTIN, TEXAS (May 1, 2019) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that Sail & Ski Center (“Sail & Ski”) has been acquired by MarineMax, Inc. (NYSE: HZO) (“MarineMax”). Statesman served as the exclusive financial advisor to Sail & Ski throughout the transaction, which closed April 16, 2019.  

Sail & Ski was founded in 1969 and serves the Austin and San Antonio, Texas markets. Since the inception of Boating Industry Magazine’s ranking of the Top 100 Dealers in North America, Sail & Ski has been ranked in the top 10. Sail & Ski was recognized as the best dealer in North America in 2018 after also earning that title in 2010. The brands represented by Sail & Ski are largely consistent or complimentary with those offered by MarineMax. Sail & Ski’s operations include a robust water sports and snow sports accessory business. 

MarineMax acquired substantially all of Sail & Ski’s assets. The shareholders of Sail & Ski, who will remain as its operators, received an initial cash payment at closing and have the ability to earn additional payments, subject to achieving certain metrics in the future.

Headquartered in Clearwater, Florida, MarineMax is the nation’s largest recreational boat and yacht retailer. Focused on premium brands, MarineMax sells new and used recreational boats and related marine products and services as well as provides yacht brokerage and charter services. MarineMax currently has 67 retail locations in Alabama, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina and Texas. MarineMax also operates MarineMax Vacations in Tortola, British Virgin Islands. MarineMax is a New York Stock Exchange-listed company.

More information about the transaction can be found here: 

https://investor.marinemax.com/news/press-release-details/2019/MarineMax-Expands-In-Texas/default.aspx 

About the Other Transaction Participants
Statesman Corporate Finance advised Sail & Ski in this transaction and is the FINRA licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The Statesman team advising on this engagement included Principal Phillip Wilhite
Johnston Allison & Hord (Charlotte, NC) led by Partner Nick Kendall provided legal counsel to Sail & Ski.
Manny A. Alvare, III (Naples, FL) provided legal counsel for MarineMax.