Brunswick acquires Cabo Yachts
NEW BERN, N.C. – Brunswick Corporation has acquired Cabo Yachts to have a more complete range of offshore sportfishing boats within the Hatteras Collection, the company said in a statement yesterday. Terms of the transaction were not disclosed.
Founded in 1991, Cabo Yachts builds express and flybridge model offshore sportfishing boats from 31 feet to 52 feet at its production facility and headquarters in Adelanto, Calif. With this addition, the Hatteras Collection now has inboard-powered fishing vessels ranging from 24 feet with Albemarle through 90 feet with Hatteras.
“Cabo is an excellent addition to our Hatteras Collection of sportfishing offerings, joining the Albemarle and Hatteras brands,” said Dustan E. McCoy, Brunswick’s chairman and chief executive officer. “The Cabo brand has a well-earned reputation for design, quality, performance and fishability, all prized characteristics within the Brunswick Boat Group. With Cabo, we will serve a broader range of sportfishing enthusiasts and fill out some of the remaining ‘white space’ within our domestic product portfolio.”
“Cabo Yachts is an important piece of the puzzle for our growing business,” said Bill Naumann, Hatteras Collection president. “Not only does this addition allow us to offer a full range of products within a specific size range, it gives us the ability to offer a choice of price points so boaters can ‘grow’ with the collection as their expectations and resources evolve.”
Cabo’s 400 employees and production facility will remain based in Adelanto, as will its current executive staff including Henry Mohrschladt, who will retain his role as Cabo president. Mike Howarth will remain in his new role as senior vice president and chief operating officer, and Greg Bourque continues on with the new title of vice president of sales and marketing.
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