Polaris Inc. (NYSE: PII) announced that Michael Speetzen has been named chief executive officer and appointed to the Company’s Board of Directors and that Bob Mack has been named executive vice president and chief financial officer. Speetzen and Mack have been serving as interim CEO and interim CFO, respectively, since January. “Mike is a proven and highly respected leader within Polaris ...
Read More »
Hurricane deck-boats announced that it has started production in a new facility in Syracuse, Ind. The facility will be used to increase the production capacities of the Hurricane deck-boat lineup. The property includes a 120,000 square foot production plant, as well as 20,000 square feet of shipping and warehousing space. The expansion to this facility, already owned by parent company ...
Read More »
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 ...
Read More »
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 ...
Read More »
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 ...
Read More »
Boating Industry Intelligence You Can Profit From