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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Industry professionals address hurricane recovery at IBEX
Boatbuilders and marine industry professionals attending the 27th International BoatBuilders’ Exhibition & Conference in Tampa learned more about recent Texas and Florida hurricane recovery best practices during a special session Wednesday morning. A panel of IBEX presenters with backgrounds in insurance claims, electrical systems, hazard mitigation, security, and recovery conducted an hour-and-a-half session for attendees. The session began with the ...
Read More »IBEX adds special hurricane session
The IBEX team has added a special session to its schedule to provide practical insights and updates on marine businesses impacted by Hurricanes Irma or Harvey. The free session will be held Wednesday, Sept. 20 from 11 a.m. to noon in Room 12. "I am hopeful that bringing the industry together so soon after these hurricanes will begin many critical ...
Read More »Deck boats continue to appeal to boaters
Seating more passengers than a bowrider and easier to tow than a pontoon, deck boats continue to appeal to boaters Designed to blend the generous seating capacity and family-friendly layout of a pontoon boat with the familiar look and easy trailering of a traditional runabout, deck boats would appear to offer boaters an ideal compromise between practicality and performance. They ...
Read More »Godfrey Marine sells Polar Kraft brand
Godfrey Marine has sold its Polar Kraft aluminum fishing boat line to private investors, the company announced Thursday. Godfrey, which also manufactures Hurricane deck boats and Godfrey pontoon boats, is part of Highwater Marine, the company formed by Bennington Marine after it acquired Nautic Global Group in October. The new owners are acquiring the brand and certain assets and liabilities ...
Read More »Godfrey, Hurricane name new British Columbia dealer
Breakwater Marine is now the Lower Mainland’s exclusive dealer for Godfrey Pontoons offering Sweetwater, Aquapatio and SanPan brands. Breakwater Marine, located in Surrey, British Columbia, is also now BC’s exclusive dealer for Hurricane deck boats. “We are very excited to offer these versatile boats to consumers in BC," said Breakwater CEO Aaron Fell. "As our market continues to evolve, the ...
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