Business Articles

Activist Investor Donerail Intensifies Pressure on MarineMax for Leadership Overhaul and Business Sale

MarineMax, a renowned US yacht retailer, is at the throes of mounting pressure led by activist investor Donerail Group. According to recent reports, Donerail Group, who owns approximately 4% of MarineMax’s stock, is calling for a revamp of the senior leadership and possible sale of the business. This move follows perceived mismanagement and ‘poor capital allocation and flawed execution’ under the stewardship of current CEO Brett McGill, who replaced his father and company founder Bill McGill in 2018.

29-10-2025

Safe Harbor Marinas Finds Safe Haven in Blackstone's $5.65 Billion Bargain

Safe Harbor Marinas, a pivotal player in the yachting industry, has been caught by the net of Blackstone Infrastructure funds in a lucrative $5.65 billion agreement. This substantial investment could cause significant ripples throughout the yachting sector, impacting competitors and market trends.

Heidi Boyd, a senior MD at Blackstone, highlighted how marinas are bolstered by increasing trends towards travel and leisure, as well as population inflows into coastal cities. She affirmed that Safe Harbor, renowned as the largest marina and superyacht servicing business in the US, is the best-positioned company in this sector. Boyd further expressed excitement about working with Safe Harbor’s remarkable team to invest in their existing marinas and expanding their reach.

27-02-2025

Decoding the Intricacies of Superyacht Refit Contracts: It's More than Just Money

The murky waters of superyacht refit contracts can be tricky to navigate, especially when it comes to understanding mark-up costs.

16-12-2024