MarineMax goes to Panama City

CLEARWATER — MarineMax Inc. (symbol: HZO) will take over the sales and brokerage operations at the Panama City location of Treasure Island Marina. Treasure Island will continue to operate boat storage facilities, as well as its full-service marina.

In a statement, MarineMax CEO William McGill said, “We have been reviewing selective opportunities to expand. Panama City, with its newly added airport, has strong long-term economic growth opportunities, pristine waters and a well-established boating community, all of which create a great environment for us.”

By setting up in Panama City, MarineMax now operates in 57 locations nationwide and continues to bill itself as the country's largest recreational boat and yacht retailer.

MarineMax lost $4.7 million in the fourth quarter of 2010. Its stock is currently trading for just under $9 a share.