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Tag Archives: MasterCraft

MasterCraft closes IPO

MCBC Holdings, Inc. (Nasdaq:MCFT), owner of the MasterCraft brand, today announced the closing of its initial public offering of 6,071,429 shares of common stock at a price to the public of $15.00 per share. The shares began trading on The Nasdaq Global Market on July 17, 2015 under the symbol "MCFT." The underwriters have also delivered notice that they intend ...

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MasterCraft set for $85 million IPO

MasterCraft announced its terms for its pending IPO this week, NASDAQ reported. The Tennessee-based tow boat manufacturer plans to raise $85 million by offering 6.1 million shares at a price range of $13 to $15. At the midpoint of the proposed range, MasterCraft would command a fully diluted market value of $266 million and an enterprise value of $271 million. ...

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MasterCraft responds to Malibu patent suit

In the wake of a patent infringement suit from Malibu Boats, MasterCraft says it "strongly denies" the allegations in the lawsuit. Malibu filed the suit Monday, claiming that MasterCraft’s Gen 2 and NXT surf systems violate Malibu's patent. The full statement: “It is our general policy not to comment in detail on litigation matters. However, MasterCraft strongly denies the allegations ...

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Malibu files patent suit against MasterCraft

Malibu Boats has filed a lawsuit for patent infringement against MasterCraft Boat Company The complaint, filed in the United States District Court for the Eastern District of Tennessee, alleges that MasterCraft's Gen 2 Surf System and NXT Surf System violate Malibu's U.S. Patent No. 8,578,873. According to the complaint: Seeking to regain market share that Malibu has gained and defended ...

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MasterCraft adds central California dealer

MasterCraft announced it is partnering with ETCO Marine of Central California. ETCO Marine, which has No. 1 market share for the region, was founded by Earl Towsley nearly 50 years ago. With its focus on family values and complete customer satisfaction Towsley, along with business partners Alan and Chad Borba, created what has now become one of the most loyal ...

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MasterCraft Boats teams up with ESPN X Games

MasterCraft Boats and ESPN’s X Games have announced a renewed collaboration providing an entirely new platform to showcase the latest, boundary-pushing athletes in both wakeboarding and waterskiing. MasterCraft Throwdown and Real Wake Driven by MasterCraft will debut as part of the World of X Games series on ABC this summer. The invitation-only, inaugural MasterCraft Throwdown is set to take place ...

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MasterCraft adds award-winning dealer, Skiers Marine, to network

VONORE, Tenn. – MasterCraft is pleased to announce it has secured a new agreement with one of the country’s top performing marine dealers, Skier’s Marine in Alabama. The agreement signals both the mutual mission of MasterCraft to work with premium retailers and Skiers Marine’s vision to work with the leading marine brands. Skier’s Marine, founded in 1995, has grown from ...

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MasterCraft unveils the entry-level NXT22

VONORE, Tenn. – MasterCraft introduced its NXT22, a larger NXT boat that delivers MasterCraft quality and performance at more accessible prices for cost-conscious buyers. Redefining the performance and features of an entry do-it-all crossover, the NXT22 is bigger, badder and was engineered from the hull-up to perform without compromise across all categories of towsports including wake, slalom and surf. Building on ...

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MasterCraft announces partnership with Action Wake Park

Vonore, Tenn. – MasterCraft Boat Company announces its partnering with Action Wake Park, Michigan’s newest action sports complex. Action Wake Park, a full-service cable water sports park that will be opening the summer of 2015, is the brainchild of Boating Industry Top 100 dealer Action Water Sports. Action Wake Park will have the first cable system in Michigan to tow wakeboarders and waterskiers ...

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