MarineMax Subsidiary Fraser Yachts Executes Definitive Agreement To Acquire Controlling Interest Of Greece-Based Atalanta Golden Yachts; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
MarineMax's subsidiary, Fraser Yachts, has signed a definitive agreement to acquire a controlling interest in Greece-based Atalanta Golden Yachts. The principal shareholder of Atalanta, John Dragnis, will retain a significant stake and continue to be involved in Fraser's operations in Greece. The acquisition is expected to close by the end of Q4 2023 and be accretive in its first full year of operations.
September 25, 2023 | 11:35 am
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MarineMax (HZO) is set to acquire a controlling interest in Atalanta Golden Yachts through its subsidiary, Fraser Yachts. The deal is expected to close by the end of 2023 and be accretive in its first full year.
The acquisition of Atalanta Golden Yachts by MarineMax's subsidiary, Fraser Yachts, is a strategic move that could potentially expand MarineMax's operations and market share in Greece. This could lead to increased revenues and profitability for the company in the long term, which could positively impact the company's stock price.
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