Tag Archives: Tom Slikkers

S2 Yachts consolidates under single brand

S2 Yachts recently announced the consolidation of its Tiara brands (Tiara Yachts and Tiara Sport) under a single Tiara Yachts banner. The boatbuilder says, while this shift brings an outward and visible change to the Tiara Yachts brand, the form and functionality of every product built by S2 Yachts is ultimately, and will continue to be, Tiara. “The definitions of ...

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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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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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