MarineMax acquires Northrop Johnson

A continuation of the same strategy when MarineMax acquired Frazer Yachts last year. Whatever strategy that is. Personally I think Frazer and Northrop & Johnson will become more like MarineMax than vice versa.

I don't like it. Didn't like the Fraser deal. Can't fully say why I don't like them, but just something about it and reducing the independent companies in the market.

Fraser hasn't changed.

Changes don't usually come until Year Two or later. Year one they typically do as they said they would and don't do much to impact things.

I know a number of people who sold their companies and stayed on-board and not a single one of them lasted to the end of their contract. In the vast majority of cases the company that bought it will eventually become the dominant personality. Business acquisitions are not made to leave companies unchanged. I'm not saying they shouldn't. They just don't.

Business acquisitions are by nature designed to lead to change. The Buyer is saying the business is worth more to them than the Seller says it's worth to them. Why? Because of something they intend to change.

Interesting deal. NJ offices were owned as a franchise.

Like Dometic Corp, When you can't compete, buy your competition.

Could we see a MM boat builder purchase in the future?

I know a Canadian company unloading an outboard company and a few boat mfgs,, cheap..