Home » Tag Archives: Pursuit Boats

Tag Archives: Pursuit Boats

Malibu releases Q4 FY19 results

"Fiscal year 2019 was another exceptional year for Malibu. We delivered record-breaking operational and financial performance supported by the strength of our brands, our commitment to operational excellence, and a best-in-class team laser-focused on superior execution," said Jack Springer, chief executive officer of Malibu Boats, Inc. "Pursuit and Cobalt, together with our Malibu and Axis brands, have created a well-rounded, ...

Read More »

Pursuit celebrates Top Dealer Awards at annual conference

Pursuit Boats awarded top domestic, international dealers and salespeople during its annual dealer conference in Tampa, Fla. In addition to the awards ceremony, Pursuit hosted business updates, education seminars and sea trials for principles and sales personnel within its dealer network. "Every year, we look forward to sharing our successes and opportunities with our great partners — our valued dealers ...

Read More »

Malibu reports strong growth for Q1 Fiscal 2019

Malibu Boats, Inc. recently announced its financial results for the first quarter ended Sep. 30, 2018. "Fiscal year 2019 started strong, with our first quarter results delivering robust growth and increasing profitability. Demand for our product continues to be record setting,” Jack Springer, Chief Executive Officer of Malibu Boats, Inc. said. “We also continue to strive to be the most efficient ...

Read More »

Malibu completes acquisition of Pursuit Boats

Malibu Boats, Inc. has closed on its acquisition of Pursuit Boats from S2 Yachts. Total consideration for the transaction is $100 million. The transaction was paid with $50 million of cash on hand and $50 million of borrowings under an incremental revolving credit facility that was added to Malibu’s existing credit facility. “As a leader in the saltwater outboard fishing ...

Read More »

Pursuit Boats honors top dealers at annual conference

Florida Pursuit Boats awarded top domestic, international dealers and salespeople during their annual dealer conference in Sarasota, Florida. Prior to the awards ceremony, Pursuit hosted a "Casino for Charity" night to raise money for a worthy cause, matching any of the monies raised during the evening. A total of $10,000 was raised for The Florida Fishing Academy - which aims ...

Read More »

Malibu enters agreement to acquire Pursuit Boats

Malibu Boats, Inc. announced today that it has entered into a definitive agreement with S2 Yachts, Inc. (S2) to acquire the assets of Pursuit Boats for a total consideration of $100 million. The transaction is expected to close in the fourth calendar quarter of 2018, subject to customary closing conditions. Malibu will fund the transaction with cash on hand and ...

Read More »

Pursuit Boats debuts S 288 luxury center console

Pursuit Boats debuted its all new S 288 to a group of owners at an annual rendezvous and customer appreciation event in Bimini, Bahamas The S 288 joins a family of boats that includes the S 408, S 368 and S 328 models introduced over the last two years. “We are excited to debut our newest Sport series model with ...

Read More »

Pursuit Boats announces new business development manager

Pursuit Boats announced that Les Ares has joined the Pursuit Boats sales team as business development manager for South Florida, Latin America and the Caribbean. Ares joins Pursuit directly from Lumishore where he served as the vice president of sales and marketing. Ares has eleven years of sales and marketing experience in the boat industry, a bachelor’s degree in marketing ...

Read More »

Pursuit Boats introduces S 368

Pursuit Boats recently debuted its new S 368 in Fort Pierce, Fla., to local marine media representatives. The new center console, moored within a few minutes of the Pursuit manufacturing facility, is available for customer sea trials and editorial projects and will be featured in upcoming Pursuit rendezvous to the Florida Keys and Bahamas. The S 368 joins the Sport ...

Read More »

Pursuit Boats begins $2.1 million plant expansion, adding 30 jobs

Construction is underway for a new building at the Pursuit Boats facilities in Fort Pierce, Florida. The company said the expansion will enable Pursuit to increase production up to 50 percent in order to meet the growing market demands for Pursuit’s line of sport fishing and cruising boats. Pursuit added the increased pace of new product introductions, like the S ...

Read More »