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MarineMax buys marina build specialist

USA: Recreational boat and yacht retailer, MarineMax, has purchased Midcoast Construction Enterprises (Midcoast Marine Group), a leading full-service marine construction company based on Central Florida’s Gulf Coast.

“Midcoast Marine Group complements our growing marina portfolio and adds a valuable skill set to our expanding service offerings,” said MarineMax president and CEO, W Brett McGill. “Adding Midcoast 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.
Midcoast CEO, Jack Fulford, who founded the company in 2012, will continue to run the business. Equipped with a fleet of barges, cranes and vessels, the company specialises in heavy civil marine construction, including marina development, port berth facilities, commercial docks and other related services.
The acquisition includes the addition of waterfront property along the Anclote River in Tarpon Springs, Florida. This has the potential for storage expansion and serves as the haul-out location for all larger vessels in the fast-growing Tampa Bay region.

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