Levin Capital Calls for MarineMax to Initiate Immediate Review of Strategic Alternatives

Levin Capital, a shareholder of MarineMax (NYSE: HZO), has called for the company's Board of Directors to conduct an immediate review of strategic alternatives.

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12/16/2024 - 09:00 AM

NEW YORK--(BUSINESS WIRE)-- Levin Capital, a shareholder of MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), today issued the following statement.

"We call on MarineMax's Board of Directors to initiate an immediate review of strategic alternatives. This includes an evaluation of the Company's marinas and traditional boat retail businesses, which appear to fit together but could unlock further hidden value if separated or monetized. The Board should disclose the best available information on revenues, operating profits, EBITDA and cashflow from its marina segments. We believe conducting a transparent review will allow MarineMax to maximize value for all shareholders."

About Levin Capital
Levin Capital Strategies, L.P. (LCS) is a multi-strategy equity management investment firm founded in 2005 by John A. Levin. The Firm primarily manages long-only, publicly traded equity investment strategies for institutional and high net worth clients. LCS also manages a smaller long/short equity hedge fund. For more information, please visit www.levincap.com.