MarineMax Acquires C&C Boat Works, Expanding In The Midwest
Portfolio Pulse from Akanksha Bakshi
MarineMax (NYSE: HZO) has acquired C&C Boat Works, a full-service boat dealer in Crosslake, Minnesota. This acquisition expands MarineMax's presence in the Midwest, with five facilities in Minnesota. The deal terms were not disclosed.
June 02, 2023 | 1:56 pm
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POSITIVE IMPACT
MarineMax's acquisition of C&C Boat Works expands its presence in the Midwest and enhances its ability to serve customers in the region.
The acquisition of C&C Boat Works expands MarineMax's presence in the Midwest, which is a key market for recreational boating. This will likely lead to increased revenue and market share for the company, positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100