Blackstone is reportedly in the final round of bidding to acquire recreational yacht retailer MarineMax. Activist investor Donerail and private equity firm Centerbridge are also final bidders. MarineMax holds a market value of approximately $725 million.
Investors, including Donerail, pressured MarineMax to sell or change leadership last year. Donerail previously offered an all-cash bid valuing MarineMax at around $1 billion. It later increased this figure as other buyout firms entered the process. The deal highlights private equity's growing appetite for marina and luxury leisure assets.