MarineMax has acquired all the assets of Island Marine Center. Terms were not disclosed.
Island Marine Center has been a boat dealer in southern New Jersey for 34 years, with locations in Ocean View and Somers Point. MarineMax said that its 2017 sales were about US$10m, making it one of the largest dealers in its markets. Rick Castellini of Island Marine and current employees will remain to manage operations.
"We are excited to strengthen and enhance our already strong New Jersey presence with the Island Marine team,” says William McGill, MarineMax chairman and CEO, in a statement. “Rick has done a great job building Island Marine around a similar customer-centric service approach. Culturally, our two companies are strongly aligned. With Island Marine, we are now even better able to serve the important southern New Jersey area market."