MarineMax Advances Sale Process as Donerail Raises Offer and Buyers Conduct Due Diligence
MarineMax is progressing a company sale after its board authorized a second-round process. Donerail, an activist investor and 5% shareholder, has increased a prior $35-per-share cash proposal, and at least one major private equity firm is reviewing company materials. The company operates marinas and dealerships catering to high-net-worth buyers and…