MarineMax acquires marine construction company Midcoast Marine

MarineMax, a recreational boat and yacht retailer, has acquired Florida-based marine construction company Midcoast Construction Enterprises (Midcoast Marine Group) for an undisclosed price.

Midcoast Marine Group, which was established in 2012, focuses on heavy civil marine construction. These include marina development, commercial docks, port berth facilities, and other associated services.

The marine construction company is said to have a fleet of cranes, barges, and vessels. Its CEO Jack Fulford, who is also its founder will continue to operate the business.

MarineMax said that the acquisition of Midcoast Marine Group includes a waterfront real estate located along the Anclote River in Tarpon Springs in Florida. The real estate property, which has the possibility for storage expansion, is used as a haul-out location for large vessels in the Tampa Bay region.

W. Brett McGill — MarineMax CEO and President said: “Midcoast Marine Group complements our growing marina portfolio and adds a valuable skillset to our expanding service offerings.

“Adding Midcoast Marine Group to the MarineMax family gives us the team and assets to cost-effectively manage our marina construction needs and market these services to third parties. We continue to successfully execute on our strategy to acquire well-managed, high-performing, and complementary businesses.”