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Tag Archives: MasterCraft

MCBC Holdings, Inc. announces corporate name change

MCBC Holdings, Inc. (NASDAQ: MCFT), manufacturer of its three wholly-owned subsidiaries, MasterCraft Boat Company, LLC, NauticStar, LLC, and Crest Marine, LLC, announced that, effective immediately, the company has changed its corporate name to MasterCraft Boat Holdings, Inc. The company’s ticker symbol on the NASDAQ Exchange will remain “MCFT” and names of subsidiaries will not be affected. “As we’ve continued to ...

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MasterCraft completes acquisition of Crest Marine LLC

MCBC Holdings, Inc. has completed the previously announced acquisition of Crest Marine LLC, a vertically integrated manufacturer of high-quality pontoon boats in the United States, for approximately $80 million After netting the impact of $10 million in net present value of future tax benefits, the acquisition price was revised to approximately $70 million. King & Spalding LLP and Egerton, McAfee, ...

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MasterCraft signs agreement to acquire Crest Marine LLC

MCBC Holdings, Inc., the parent entity of MasterCraft Boat Co., LLC , and NauticStar, LLC, has entered into a definitive agreement to acquire Crest Marine, LLC, a U.S. manufacturer of high-quality pontoon boats, for approximately $80 million. MasterCraft also expects that approximately $10 million net present value of future net tax benefits will accrue to the combined company. The transaction ...

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Everybody’s gone surfin’…

As the Beach Boys predicted in 1963, everybody’s gone surfin’. But not at the beach – today’s surfers are mostly found playing behind boats. With affordable surf boats and high-end tow boats appealing to a wider range of buyers than ever, the watersports category has never been stronger. Brian Wilson and The Beach Boys must be feeling more than a ...

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MasterCraft, NauticStar release fiscal 2018 Q2 results

MCBC Holdings, Inc. (NASDAQ:MCFT), the parent entity of MasterCraft Boat Company, LLC and Nautic Star, LLC announced financial results for its fiscal 2018 second quarter ended Dec. 31, 2017. “Top-line sales grew significantly in the second quarter, driven by double-digit gains on the MasterCraft side and the addition of NauticStar,” said MCBC Holdings, Inc. President and Chief Executive Officer, Terry McNew. “As we further integrate NauticStar, ...

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MasterCraft introduces largest XT crossover boat

MasterCraft Boat Company recently introduced the new XT25, its largest multi-purpose crossover boat. Capping the high end of MasterCraft’s XT crossover boat line. Completing the XT series lineup as its fifth and largest addition, the XT25 welcomes a crew of up to 18, with a traditional bow and new interior layout offering more rear-facing seating than previous models. The XT25’s two ...

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NauticStar’s integration with MasterCraft enters initial phase

Capitalizing on the synergies found in a $79.8 million transaction will be a critical task for MasterCraft as the company begins initial efforts to integrate NauticStar into its already diverse boating product portfolio. NauticStar currently sells its boats in the United States through an established network of approximately 70 dealers. In the calendar year ending in 2016, the company generated ...

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MasterCraft acquires NauticStar, LLC

MasterCraft has acquired NauticStar, LLC, for approximately $79.8 million. The transaction is expected to be accretive to MasterCraft’s earnings per share in fiscal 2018.  MasterCraft’s acquisition of NauticStar was completed as a simultaneous sign and close. In a conference call this morning, Chief Financial Officer Tim Oxley said MasterCraft will use cash on hand and a new, $145-million credit facility ...

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