MarineMax Acquires Hall Marine Group
MarineMax, Inc., recreational boat and yacht retailer, has announced that it has completed the acquisition of substantially all of the assets of Hall Marine Group.
Hall Marine was founded in the mid 1970’s by Rod and Fran Hall. With fiscal 2016 revenue exceeding $50 million, Hall Marine is one of the largest privately-owned boat dealers in the Southeast. Hall Marine operates through six locations covering the following markets: Charlotte, North Carolina; Lake Wylie, Greenville, Columbia and Charleston, South Carolina; and Savannah, Georgia. The locations include two large marinas and four highway locations. The brands represented by Hall are largely consistent with those offered by MarineMax.
MarineMax acquired substantially all of the assets of Hall Marine. The shareholders of Hall, who will remain as its operators, received an initial cash payment at closing and have the ability to earn additional payments, subject to achieving certain performance metrics in the future.