Tag Archives: Pursuit Boats

Pursuit honors top dealers

In September, Pursuit Boats announced their top domestic dealers, international dealer and salespeople for their 2020 model year. Top honors for the number one Pursuit dealer went to Quality Boats,a dealer that has multiple locations in Clearwater and Sarasota, Florida. “This is a first time win as top dealer for Quality Boats,” said Randy Jernigan, Director of Sales at Pursuit. ...

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Malibu reports slowing in Q3 results

Malibu Boats logo

Malibu Boats, Inc. announced its financial results for the third quarter ended March 31, 2020. “The fiscal third quarter of 2020 was a tale of two environments. Through the greater part of the quarter, we delivered strong performance, as early boat show season momentum extended into March. However, retail strength shifted nearly overnight as the COVID-19 virus ravaged the U.S. late ...

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Malibu announces record quarter for Q2

Malibu Boats logo

Malibu Boats, Inc. announced its financial results for the second quarter ended Dec. 31, 2019. Highlights for the second quarter of fiscal year 2020 included a net sales increase of 8.6% to $180.1 million compared to the second quarter of fiscal year 2019. Unit volume increased 2.5% to 1,804 boats compared to the same period last year. Net sales per unit increased 6% to ...

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Pursuit Boats welcomes new marketing manager

Pursuit Boats recently welcomed Megan Foley Morris to its team in the role of marketing manager. Morris brings with her a wealth of experience in the fields of marketing, public relations, advertising, publishing and event planning across multiple platforms, including more than 10 years immersed directly in the marine industry. Morris will work closely with Pursuit’s director of marketing as ...

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Malibu releases Q4 FY19 results

Malibu Boats logo

"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, ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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