MarineMax Acquires Northrop & Johnson | Boat International

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Credit: Tom Van Oossanen
MarineMax Acquires Northrop & Johnson
2020-07-01By Malcolm Maclean

Northrop & Johnson has announced its acquisition by MarineMax, the USA’s largest recreational boat and yacht retailer.

This transaction will be highly complementary to MarineMax’s 2019 acquisition of Fraser, one of the largest global superyacht brokerage and luxury yacht services company. With the acquisition of Northrop & Johnson, MarineMax becomes the dominant leader in the superyacht services business

Kevin Merrigan, Chief Executive Officer and Chairman of Northrop & Johnson

The acquisition will allow Northrop & Johnson to enhance the overall customer experience through the ongoing development of the marketing capabilities that leverage the latest technology. This should further enhance client retention and further, stimulate lead generation and client referrals. Both Northrop & Johnson’s and Fraser Yachts’ insights and relationships with buyers, sellers and charterers are underlined by the world’s most comprehensive network of highly qualified individuals. Kevin Merrigan, Chief Executive Officer and Chairman, and the entire Northrop & Johnson team will continue to operate and manage its activities.

Brett McGill, Chief Executive Officer and President of MarineMax, stated, “The merger with Northrop & Johnson marks another significant step in the diversification of MarineMax into a higher margin and digitally enhanced business. On a global scale, the unified team of Fraser Yachts and Northrop & Johnson creates an unprecedented superyacht powerhouse. From entry-level boaters to the largest luxury yacht, we want our clients’ experiences to be the best in the world. The acquisition of Northrop & Johnson furthers the MarineMax commitment to fulfilling our mission of exceptional customer service, regardless of whether a client is buying, selling, insuring, building, crewing, or chartering. The combination allows us to provide an even greater network to serve our customers’ shared passion for yachting. We are very excited that Kevin Merrigan has joined our team. Kevin has many years of invaluable experience and has built a team that is passionate about the industry.”

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