MarineMax, Inc, a recreational boat and yacht retailer, has acquired Intrepid Powerboats, a manufacturer of powerboats.
Intrepid Powerboats is a producer of customized boats, carefully reflecting the unique wants and needs of each individual owner. The firm follows a direct-to-consumer distribution model and has produced over $60 million in revenue over the last 12 months.
“We are excited to add Intrepid Powerboats to the growing list of strategic acquisitions we have completed,” said W. Brett McGill, CEO and president of MarineMax. “Providing Intrepid with additional resources to enhance how it serves its loyal customer base, while leveraging our digital technologies and capital, will allow it to continue to innovate and grow. We are happy that Ken Clinton and the Intrepid management team have joined our family and will continue to operate the business.”
Raymond James Investment Banking Marine Team was the advisor for Intrepid Powerboats.