The Donerail Group, a US-based investment firm, has submitted a non-binding proposal to acquire all outstanding shares of MarineMax, Inc. in an all-cash transaction valued at approximately $1.1 billion USD.
Donerail confirmed on 3 February 2026 that it had offered $35.00 per share for MarineMax, the world’s largest marine retailer, marina operator and superyacht services company. Donerail, which holds more than four percent of MarineMax’s outstanding shares, said the non-binding proposal remains subject to confirmatory due diligence and definitive documentation.
MarineMax operates more than 65 marinas and storage facilities worldwide, alongside around 70 dealerships. The company confirmed that it had received the unsolicited proposal and said its board will review the offer with its independent financial and legal advisers. MarineMax added that shareholders are not required to take any action at this time.
According to a report by Svea Herbst-Bayliss of Reuters on 2 February, Donerail’s approach follows months of discussions with MarineMax’s management. The report also said other parties have expressed interest in MarineMax, with attention focused on its marina business.
MarineMax expanded its marina footprint in 2022 through the acquisition of Island Global Yachting (IGY), which operates luxury marinas across the United States, Europe, the Caribbean and Latin America. In 2024, the Mexican Navy assumed control of Marina Cabo San Lucas after lease renewal issues involving IGY.
The proposal became public ahead of MarineMax’s annual general meeting scheduled for 3 March, where shareholders are expected to vote on board appointments, including the re-election of chief executive Brett McGill.
