- Recreational boat and yacht retailer MarineMax Inc HZO has agreed to acquire Intrepid Powerboats for an undisclosed sum.
- Florida-based Intrepid, a producer of customized boats, follows a direct-to-consumer distribution model and generated revenue of about $60 million in the last twelve months.
- MarineMax expects to close the deal before December 31, 2021, and to be accretive in its first full twelve-month period.
- MarineMax held $200.1 million in cash and equivalents as of June 30, 2021.
- Price Action: HZO shares are trading higher by 1.64% at $51.44 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
