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Tag Archives: NauticStar

MasterCraft names new CEO

MasterCraft Boat Holdings, Inc., parent entity of MasterCraft, NauticStar and Crest, today announced that its board of directors has named current board chair and interim chief executive officer, Frederick A. Brightbill, as the company’s new permanent CEO, effective immediately. Brightbill assumed the role of Interim CEO following Terry McNew’s resignation in October 2019. Concurrently, Roch Lambert, CEO of Curt Group, an automotive product aftermarket ...

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NauticStar honored with NMMA Global Star

NauticStar Boats, LLC was recently named the latest recipient of NMMA’s Global Star program, which honors companies excelling in its export efforts. NauticStar recognized that in the business of today, it was imperative to start thinking globally. The new-to-export company understood that to experience sustained and healthy growth, its global footprint needed to expand. Learn more about their export efforts here. Throughout 2019, ...

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MasterCraft Boat Holdings names new NauticStar president

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 ...

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MasterCraft reports Q2 FY 2019 results

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 ...

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NauticStar introduces three new models

NauticStar Boats, a subsidiary of MasterCraft Boat Holdings, Inc., recently launched the new 195 Bay Boat in August 2018, followed by the 251 Hybrid in September 2018, and will be debuting its largest offshore model yet, the 32 XS Offshore at the Miami International Boat Show in February. “To say ‘we have been busy at NauticStar’ is an understatement,” said ...

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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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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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