Donerail Group has reportedly raised its offer to acquire MarineMax as the company enters a second round of sale discussions, with private equity firm Blackstone also reviewing a potential bid for the marina and yacht services group.
According to a Reuters report by Svea Herbst-Bayliss, MarineMax’s board agreed last month to proceed with a sale process, nearly six months after Donerail began pushing for a sale of the company and leadership changes.
The latest discussions follow Donerail’s non-binding proposal in February 2026 to acquire all outstanding shares of MarineMax in an all-cash deal valued at about 1.1 billion USD. Donerail confirmed at the time that it had offered $35 per share, subject to due diligence and final agreements.
Based in Clearwater, Florida, MarineMax operates boat dealerships, marinas, yacht brokerage businesses and storage facilities across multiple boating markets. Its marina operations include IGY Marinas, which operates 24 marinas across 14 countries, and SkipperBud’s, which the company acquired in 2020.
Alongside its marina operations, MarineMax owns yacht brokerage companies Fraser Yachts and Northrop & Johnson, manufacturers Cruisers Yachts and Intrepid Powerboats, and charter business MarineMax Vacations in the British Virgin Islands.
Blackstone, the alternative asset management firm that acquired Safe Harbor Marinas in a $5.65 billion deal in 2025, has also reportedly expressed interest and is conducting due diligence on a possible offer for MarineMax.
MarineMax declined to comment, while no responses were received from Donerail Group and Blackstone following requests for statements.
