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Article Excerpt
CLEARWATER, Fla. -- MarineMax, Inc. (NYSE:HZO), the nation's largest recreational boat retailer, today announced that it has completed the acquisition of substantially all the assets, including certain real estate, of Port Arrowhead Marina, Inc. and its affiliated companies, Lake Port Marina, Inc. and Port Arrowhead, Inc. (the "Port Arrowhead Group").
Under the agreement, MarineMax acquired the operating assets, including certain real estate, of the Port Arrowhead Group for $27.5 million in cash, plus working capital adjustments, and the assumption of certain liabilities. The majority of the purchase price related to...
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