Tag Archives: MasterCraft

Illinois-based SkipperBud’s has acquired the assets and inventory of MasterCraft Boats of Chicago, meaning SkipperBud’s will now represent the MasterCraft Boat Company in Northern Illinois. The operations will be split between two locations, Volo and Antioch, Illinois. The primary showroom will be at the Sequoit Harbor location, which will provide an on-water site to best serve the current and future ...

Through a combination of new in-house designs and leveraging its exclusive partnerships, MasterCraft Boat Holdings, Inc. recently announced new 2020 model year features for its towboat range. Additionally, the company has revamped two models in its NXT crossover boat line. “We’re endless in our search to give potential owners more reasons to choose MasterCraft,” said Terry McNew, President and CEO ...

Late last month, the Securities and Exchange Commission (SEC) launched a new Small Business Capital Formation Advisory Committee to ensure that emerging companies have a voice in SEC decision-making. One of the founding members of the Advisory Committee will be Terry McNew, President and CEO of MasterCraft Boat Holdings – an 882-employee boat manufacturer based in Vonore, Tenn. Established pursuant ...

MasterCraft Boat Holdings, Inc. announced that it has promoted Jay Povlin, MasterCraft’s Global Vice President of Sales and Marketing, to President of NauticStar, effective immediately. Povlin, 53, joined MasterCraft in 2013 and brings considerable marine executive business leadership experience from both domestic and international markets. His extensive background in sales and marketing, strategic planning and execution, financial management, and communications have ...

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT), designer, manufacturer and marketer of recreational powerboats through its three wholly-owned subsidiaries, MasterCraft Boat Company, LLC, NauticStar, LLC, and Crest Marine LLC, announced financial results for its fiscal 2019 second quarter ended Dec. 30, 2018. Total net sales for the fiscal second quarter were $121.5 million, reflecting an increase of $43.1 million, or 55.0 ...

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) is expanding into the day boat category with the announcement of its newest brand, Aviara. Following a calculated study of the market and successful collaboration between the company’s executive leadership, engineering, manufacturing and brand building teams, Aviara was uniquely conceived in-house to offer a new luxury recreational day boat experience. Focused on the production of ...

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 ...

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, ...

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 ...

After more than 25 years serving various areas of Michigan, Boating Industry’s 2017 No. 12 Top 100 dealer, Action Water Sports, is headed to the Sunshine State. Action announced the expansion in January 2018. The new location will open in Polk City, Fla., with plans to bring Action’s devotion to a new level of MasterCraft service and support to the ...