MALIBU BOATS COMPLETES ACQUISITION OF PURSUIT BOATS FROM S2 YACHTS
Oct 23, 2018
Malibu Boats, Inc. (Malibu), a leading global manufacturer of recreational fiberglass boats, announced today that it has closed the acquisition of Pursuit Boats (Pursuit) for total consideration of $100 million.
“As a leader in the saltwater outboard fishing segment, Pursuit is an incredible addition to the Malibu family. Over the past 41 years, Pursuit Boats has established a premium brand through its incredible dealer network and longstanding commitment to customers. With Pursuit, we have an opportunity to broaden our outboard offering, while leveraging the manufacturing and design expertise of the respective teams
to continue to deliver the premium products customers expect,” commented Jack Springer, Chief Executive Officer of Malibu Boats.
Pursuit Boats has established an unmatched premium brand through our incredible dealer network and longstanding commitment to customers. As a trailblazer in its own right, Malibu is the perfect partner, as we maintain similar cultures with a shared passion for product and people, which has driven our collective long-term success. The Slikkers family will continue to own and operate Tiara Yachts and Tiara Sport under the S2 Yachts corporate umbrella and are excited about that” says Tom Slikkers, CEO of S2 Yachts.
For further information please visit: http://www.pursuitboats.com/.
