Posted on September 27, 2023
MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht, and superyacht services company, today announced that Fraser Yachts, its wholly owned subsidiary, has executed a definitive agreement to acquire a controlling interest of Atalanta Golden Yachts, a leading charter management agency based in Athens, Greece. John Dragnis, principal shareholder of Atalanta Golden Yachts, maintains a significant stake and will remain involved in the growth and development of Fraser’s operations in Greece. The acquisition is expected to close in the quarter ending December 31, 2023, and be accretive in its first full year of operations.
Atalanta Golden Yachts is one of Greece’s leading yacht charter management companies. Since 2006, Atalanta Golden Yachts has successfully managed luxury charters for clients in Greece and many other destinations around the world, including France, Italy, Croatia, Turkey, the Red Sea, and the Caribbean.
Brett McGill, MarineMax Chief Executive Officer and President, stated, “The addition of Atalanta Golden Yachts complements our leading superyacht brokerage and luxury yacht offerings and is a testament to our continued expansion into higher-margin businesses with global reach. Atalanta Golden Yachts’ long-standing relationships and network of clients, combined with Fraser Yachts’ full-service yachting offerings, strengthens our commitment to providing unparalleled luxury yachting experiences to a growing number of customers worldwide. We are thrilled that the Atalanta Golden Yachts team will be joining our Fraser team in Greece and look forward to further solidifying our position in this attractive and growing market.”
About MarineMax
As the world’s largest lifestyle retailer of recreational boats and yachts, as well as yacht concierge and superyacht services, MarineMax (NYSE: HZO) is United by Water. We have 130 locations worldwide, including 78 dealerships and 59 marinas. Our integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world’s premier manufacturers of premium sport yachts and motor yachts; and Intrepid Powerboats, a premier manufacturer of powerboats. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. In addition, we operate MarineMax Vacations in Tortola, British Virgin Islands, which offers our charter vacation guests the luxury boating adventures of a lifetime. Land comprises 29% of the earth’s surface. We’re focused on the other 71%. Learn more at www.marinemax.com.
About Atalanta Golden Yachts
Atalanta Golden Yachts, established in 2006, stands as a premier yacht management and sales firm. We have an unparalleled network of relationships in the superyacht world and our proficiency encompasses luxury charters spanning from the Mediterranean and the Red Sea to the Caribbean. Boasting an impressive fleet of superyachts, the foundation of our legacy rests upon trust and expertise, with yacht owners confidently placing their vessels in our care. Our charter specialists possess profound yacht knowledge and hands-on familiarity, maintaining regular connections with captains and crews while drawing from extensive Mediterranean itinerary experience.
