MarineMax Announces Opening of IGY Savannah Harbor Marina
~A Premier Waterfront Destination in Georgia~
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, today announced the opening of the IGY Savannah Harbor Marina, a state-of-the-art marina designed to serve vessels of all sizes with world-class amenities, services and accessibility. Situated along the scenic Savannah River on Hutchinson Island, the marina showcases a vibrant waterfront experience that connects the boating community with the charm and energy of historic Savannah.
"We're proud to welcome the international yachting community to IGY Savannah Harbor Marina," said Brett McGill, CEO and President of MarineMax. "With unparalleled resources and deep industry expertise, IGY is uniquely positioned to deliver a world-class marina experience. Savannah's maritime tradition and welcoming spirit set it apart, and our new, state-of-the-art marina is designed to give visitors an exceptional gateway to this vibrant city.
"The opening of IGY Savannah Harbor is another advancement in our ongoing strategy to expand our presence in higher-margin, recurring revenue businesses," McGill said. "This strategic approach not only strengthens our financial foundation, but also enables us to deliver greater value and build lasting relationships by supporting our customers at every stage of their boating journey."
Developed in partnership with Savannah Harbor Partners LLC, IGY Savannah Harbor Marina offers almost 100 berths, including more than 1,100 linear feet of deep-water dockage for superyachts. Its location, just five miles from the Intracoastal Waterway and 25 minutes from Savannah/Hilton Head International Airport, makes it an ideal waypoint for both cruising vessels and transiting superyachts. The marina offers a full suite of services including high-speed fueling, shore power, and IGY's renowned concierge support.
About MarineMax
As the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, MarineMax (NYSE:HZO) is United by Water. We have over 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities. 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, motor yachts, and Aviara luxury dayboats; 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 IGY Marinas
IGY's worldwide network of marina destinations sets industry-leading standards for service and quality in nautical tourism. IGY is the only global portfolio of premium yachting destinations, serving over 10,000 annual customers at 23 marinas across 13 countries. As a subsidiary of MarineMax (NYSE:HZO), IGY Marinas benefits from its affiliation with a recreational marine industry leader whose businesses also include Fraser Yachts and Northrop & Johnson. Discover IGY Marinas' network at www.igymarinas.com.
Forward Looking Statement
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These statements, including those related to our ongoing strategy to expand our presence in higher-margin, recurring revenue businesses and our ability to deliver greater value and build lasting relationships by supporting our customers at every stage of their boating journey, are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions, and uncertainties include the return to normal operations of the Company's locations, the timing of and potential outcome of the Company's long-term improvement plan, the estimated impact resulting from the Company's cost-reduction initiatives, the Company's abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company's manufacturing partners, the performance and integration of the recently acquired businesses, general economic conditions, as well as those within the Company's industry, the liquidity and strength of our bank group partners, the level of consumer spending, and numerous other factors identified in the Company's Form 10-K for the fiscal year ended September 30, 2024 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Media:
Aliya Escoda
MarineMax
[email protected]
Investors:
Scott Solomon
Sharon Merrill Advisors
857-383-2409
[email protected]