Tag Archives: Polaris Industries Inc.

Polaris Chairman/CEO resigns

Polaris CEO Scott Wine resigns

One of our sister publications, Snow Goer magazine, is reporting that moments after the stock market closed on Nov. 17, Polaris dropped the big news that its Chairman and CEO Scott Wine is leaving the company to take over a similar position at CNH. CNH is a large multinational industrial company in the ag and construction industries, including the Case ...

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Polaris shifts boat manufacturing strategy

Polaris

Polaris Inc. recently announced it has made the strategic decision to focus its marine investments and growth efforts on its flagship boating brands. As a result, Polaris will stop producing Rinker, Striper and Larson FX boat brands at its Syracuse, Indiana plant in June. “This decision was made after extensive consideration of every available alternative,” said Bob Mack, president of ...

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Marquis Yachts announces new strategic vision

As part of the recent sale of its Larson Boat assets to Polaris Industries, the Pulaski, Wisconsin builder of Marquis, Carver and Lexus Yachts has announced a strategic reorganization. Under the guidance of President and CEO, Rob Parmentier, the company will now concentrate exclusively in the luxury yacht segment through its continued expansion of the Carver Yachts brand and relaunch ...

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Polaris purchases Larson Boat Group

In a recent letter to dealer partners, Rob Parmentier, president and CEO of Marquis-Larson Boat Group announced that the Larson Boat Group has been sold to Polaris Industries. "The sale of the company, means production will move and take place at another facility," Parmentier said in the letter. "The moving of materials and assets will begin, immediately." The letter also ...

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Polaris partners with Fishing League Worldwide

Fishing League Worldwide (FLW), the world’s largest tournament-fishing organization, and Polaris Industries Inc. announced  a strategic partnership that will extend and expand the outdoor brands’ complementary relationship. The terms of the agreement were not disclosed. The partnership leverages both companies’ consumer base, market presence and industry expertise, and will include collaboration across the organizations as well as enhanced activation and ...

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Polaris reports Boat Holdings tracking to early expectations

Polaris Industries Inc. today reported third quarter 2018 sales of $1.65 million, up 12 percent from $1.48 million for the third quarter of 2017. Overall, adjusted sales for the third quarter of 2018 were $1.65 million, up 12 percent from the prior year period. Boat segment sales, which consist of the Boat Holdings acquisition that closed in early July, were ...

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Polaris hires vice president of government affairs

Polaris Industries Inc. recently announced that Nancy “Ellen” McCarthy has joined Polaris as vice president of government affairs effective immediately, reporting to Lucy Clark Dougherty, senior vice president, general counsel, compliance officer and corporate secretary. “We are thrilled to welcome Ellen to Polaris. Her leadership and deep expertise in complex public policy will be an incredible asset as we continue ...

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Polaris enters boating industry with Boat Holdings, LLC acquisition

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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