Russo Marine Acquired by MarineMax
April 21, 2016
MarineMax, the nation’s largest recreational boat retailer, announced that it has acquired Boston-based Russo Marine, New England’s largest, privately held powerboat dealer. Now in its third generation, Russo Marine operates from 4 sales and service facilities serving Massachusetts and Rhode Island.
“Larry Russo, Sr. is well respected in our industry and we are very proud to welcome him, Larry Jr., Alex, Bee and the entire Russo Marine team into the MarineMax family,” explained Bill McGill, Chairman, President, and Chief Executive Officer of MarineMax. “With Russo’s similar commitment to customer service, we firmly believe that together we will be even stronger in providing the very best boat ownership experience for our customers in this exceptional boating environment.”
In response, Larry Russo, Sr., stated, “On behalf of the Russo family and our entire team, we are all energized and excited to join forces with the nation’s premier marine retailer. Russo Marine, founded by my parents in 1940, has served the New England market for generations. Our culture, beliefs and customer–centric approach are directly aligned with those of MarineMax. It is a natural evolution for Russo Marine to combine forces with the foremost marine retailer in the country. For many years, our 2 companies have shared a common vision for operational excellence and for improving the customer’s experience. This is an exceptional opportunity for us to take the marine business to the next level in New England.”