Tag Archives: Bennington

Bennington, Yamaha donate outboards to marine training program

Bennington Marine this month donated a T50 outboard and an F200 outboard to Impact Institute, a Yamaha Marine Technical School Partner (TSP) in Kendallville, Indiana. Yamaha matched the donation with a 4.2-liter F300 V6 outboard. Students will use the motors and a certified Yamaha curriculum to gain a comprehensive understanding of the brand’s outboard power systems and add value to ...

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Polaris names CEO, CFO

Polaris Inc. (NYSE: PII) announced that Michael Speetzen has been named chief executive officer and appointed to the Company's Board of Directors and that Bob Mack has been named executive vice president and chief financial officer. Speetzen and Mack have been serving as interim CEO and interim CFO, respectively, since January. “Mike is a proven and highly respected leader within Polaris ...

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Bennington expands Elkhart operations

Bennington, manufacturer of pontoon boats, announced the immediate expansion of its operations in Elkhart County. This growth includes adding jobs and investing in new facilities. Bennington has secured the property and 43,485-square-foot Center Six One Five building at 2707 County Road 15, Elkhart, IN 46514. This investment allows the company to add manufacturing space and jobs to increase output. The process of ...

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Polaris shifts boat manufacturing strategy

Polaris

Polaris Inc. recently announced it has made the strategic decision to focus its marine investments and growth efforts on its flagship boating brands. As a result, Polaris will stop producing Rinker, Striper and Larson FX boat brands at its Syracuse, Indiana plant in June. “This decision was made after extensive consideration of every available alternative,” said Bob Mack, president of ...

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Market Trends: Room for everyone

By Adam Quandt Industry leaders across the recreation marine sector regularly preach the importance of selling the experience of boating, rather than just simply selling the product. With generous room aboard and the ever-increasing versatility of both pontoons and deck boats, manufacturers within these segments of the industry are consistently striving to provide the experience of boating to the many ...

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Polaris reports Boat Holdings tracking to early expectations

Polaris Industries Inc. today reported third quarter 2018 sales of $1.65 million, up 12 percent from $1.48 million for the third quarter of 2017. Overall, adjusted sales for the third quarter of 2018 were $1.65 million, up 12 percent from the prior year period. Boat segment sales, which consist of the Boat Holdings acquisition that closed in early July, were ...

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Lakeside Motor Sports opens new marine facility

Michigan’s Lakeside Motor Sports — a Boating Industry Top 100 dealer — recently unveiled its new 50,000-square-foot marine showroom and service facility, which is now complete and open for business. The new facility was constructed across the street from their currently operating powersports facility. “This expansion represents our continued investment back into our community to make it better for everyone. Our vision of ...

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Polaris enters boating industry with Boat Holdings, LLC acquisition

Polaris Industries Inc. has signed a definitive agreement to acquire Boat Holdings, LLC, a boat manufacturer owned by the Vogel family, management and Balmoral Funds, in an all-cash transaction valued at a net present value of approximately $805 million. Polaris also expects that approximately $100 million NPV of future net tax benefits will accrue to the combined company. When adjusted ...

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