M&A
confidence high
sentiment positive
materiality 0.75
Brunswick completes $1.05B acquisition of Navico, marine electronics leader
BRUNSWICK CORP
- Brunswick acquired Navico for $1.05B in cash on Oct 4, 2021.
- Funded via $1B notes offering (0.850% 2024 and 2.400% 2031) plus cash on hand.
- Navico adds Lowrance, Simrad, B&G, C-MAP brands to Brunswick's Advanced Systems Group.
- Navico's trailing 12-month revenue ~$470M; combined P&A run-rate revenue >$2.0B.
- Brunswick expects gross debt-to-EBITDA of ~1.7x; remains committed to investment grade.