MarineMax (HZO) announced that its shareholders have approved the company's previously disclosed merger agreement with affiliates of Safe Harbor Marinas, LLC, a portfolio company of Blackstone Infrastructure Partners. The approval, secured during a special shareholder meeting, is a critical step towards the completion of the transaction, which will result in MarineMax becoming an indirect wholly-owned subsidiary of SHM Holdco, LLC.
Key Details
- Merger Approval: The proposal to adopt the merger agreement was approved with 16,266,303 votes for, 18,751 against, and 33,317 abstaining.
- Transaction Parties: The merger agreement, dated August 9, 2026, is with SHM Holdco, LLC, an affiliate of Safe Harbor Marinas, LLC and Blackstone Infrastructure Partners L.P.
- Meeting Details: The vote occurred at a special meeting of shareholders held on November 11, 2026, with 73.88% of outstanding shares represented.