Sidley Represents MarineMax in Its US$1.5 Billion Sale to Blackstone Infrastructure Portfolio Company, Safe Harbor

Sidley is advising MarineMax, Inc. (NYSE: HZO), a marina operator, superyacht services company, and boat and yacht retailer, in its all-cash acquisition by Safe Harbor Marinas, a marina and superyacht service business. Safe Harbor will acquire all issued and outstanding shares of common stock of MarineMax for US$53.00 per share in cash. The transaction implies an enterprise value of approximately US$1.5 billion for MarineMax.

The purchase price represents a premium of 96% to MarineMax's closing share price of US$27.03 on January 30, 2026, the last trading day prior to public disclosure of an unsolicited non-binding proposal to acquire 100% of MarineMax.

The transaction is the culmination of a competitive strategic review process led by the MarineMax board of directors and management team.

The Sidley team is led by David Grubman and Adam Cromie (M&A and Private Equity), and includes Sam Hulsey, Courtney Hauck, Spencer Lee, Evan Kowalski, Linda Li, and Ashka Sheth (M&A and Private Equity); Kai Liekefett and Jessica Wood (Shareholder Activism and Corporate Defense); Vadim Brusser, Ken Daly, Sarah Scheinman, Fahad Al-Sadoon, and Chelsey Miao (Antitrust and Competition); Sven De Knop, Jen Fernandez, Christopher Lock, James Mendenhall, Leslie Shubert, Ben Vallimarescu, Maryanne Kamau, Whitney Beber, and James Daher (Global Arbitration, Trade and Advocacy); Christian Brause, Greg Featherman, and Rachel Ellison (Tax); Sumita Ahuja, Katarina Molnarova, Jeffrey Ross, Ashtyn Hemendinger, and Celeste Acevedo (Global Finance); Lauren Gallagher, Peter McCorkell, Alexandra Peterson, and Steven Szymanski (Employee Benefits and Executive Compensation); Teresa Reuter, Jaden Cramer, and Kristina Daisak (Labor, Employment and Immigration); Beatriz Azcuy, Connor Evans, and James Lochrie (Real Estate); Heather Palmer and Sarah Jehl (Environmental, Health, and Safety); Kyle Barnett and Andy Dykstra (Technology and Life Sciences Transactions); Stephen McInerney and Stephanie Lim (Privacy and Cybersecurity); David Monteiro and Michael Cumming (Banking, Payments and Fintech); Stephanie Dobecki and Anna Williford (Insurance); and Kayla West and Katherine Walsh (Capital Markets).