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Tag Archives: Cobalt

Cobalt Boats promotes Jeffrey Morales to director of sales

Cobalt has announced the promotion of Jeffrey Morales to director of sales. Morales has been a Cobalt Regional Sales Manager for the Western sales region, and most recently Eastern sales region. Morales came to the Cobalt team with retail experience, however, prior to his retail experience, he was a Regional Sales Manager for an sterndrive boat builder. A news release ...

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Cobalt Boats introduces new 23SC

Cobalt Boats has introduced its first 23-ft. outboard, the Model 23SC. Key features include a dual Garmin 7607 glass cockpit for greater visibility and situational awareness; an innovative interior design that reclaims up to 12 in. of interior beam space, along with additional square footage; an expansive bow that increases seating capacity to 12 adults; and such elements as an ...

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Cobalt introduces new 30SC

Cobalt Boats has introduced the 30SC, the third in a series of watercraft, each representing Cobalt’s continuing contributions to the big return of outboard power. In it's design, Cobalt sought to combine luxury with the convenience, efficiency, and quiet performance of new outboard engines. The hull of the 30SC is completely redesigned to accommodate an outboard power source. The hull ...

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Malibu Boats, Inc. announces 2Q Fiscal 2018 results

Malibu Boats, Inc. financial results for the second quarter of fiscal 2018 released today included net sales and unit volume increases within a strong U.S. market. Net sales increased 69 percent to $114.4 million compared to the second quarter of fiscal 2017. Unit volume increased 61 percent to 1,489 boats compared to the second quarter of fiscal 2017. Malibu’s net ...

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Malibu Boats to acquire Cobalt Boats

Malibu Boats, Inc. (NASDAQ: MBUU)  announced that it has entered into a definitive agreement to acquire Cobalt Boats, LLC, a privately held, leading manufacturer and distributor of premium sterndrive and outboard boats for an aggregate purchase price of $130 million, subject to customary adjustments for the amount of working capital in the business at the closing date and subject to adjustment for any ...

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Cobalt Boats 2017 dealer meeting honors top dealers

Cobalt recently held its 2017 dealer meeting in Neodesha, Kan., and recognized its top customer satisfaction dealers at the event. Recognition of the outstanding and total dedication to customer satisfaction by the Cobalt and Marker One dealers remains a key highlight to the company’s annual dealer event, according to the company. “These Customer Satisfaction awards are the ultimate recognition of ...

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Gavan Hunt new VP of sales at Chris-Craft

Industry veteran Gavan Hunt has joined Chris-Craft as vice president of sales. Hunt had most recently worked for Cobalt Boats as vice president of sales and marketing in his second stint with the company. Hunt worked for a total of 17 years at Cobalt Boats, where he held multiple positions including director of dealer development and regional sales manager. He ...

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San Ramon Boat Center owners sell to Scott Vanderbeek

San Ramon Boat Center (SRBC), a longtime Cobalt dealership with stores in Rocklin, Calif. and Lake Tahoe, recently announced the sale of the business to Scott Vanderbeek. Scott is a veteran automotive dealership owner with more than 30 years of experience in retail business. San Ramon Boat Center has been a Cobalt dealer since 1971, when owner Frank Warn and ...

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Market Trends: Pontoon segment stays strong

Pontoon boats drove the boating industry’s rebound in the wake of the downturn. But are they still leading the way? Since the 2008 economic downturn, pontoon boats have led the recovery of the recreational boating industry. At one point accounting for almost one in three new boats sold, the pontoon market has demonstrated unprecedented growth, with new players jumping into the ...

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