M&A
confidence high
sentiment positive
materiality 0.90
MasterCraft to buy Marine Products for ~$232M; Q2 sales up 13%, raises FY guidance
MasterCraft Boat Holdings, Inc.
- Acquires Marine Products (Chaparral, Robalo) for $2.43 cash + 0.232 shares per MPX share, valuing ~$7.79/share, total $232.2M net of cash.
- Q2 net sales $71.8M (+13.2% YoY), adjusted EBITDA $7.5M from $3.5M; raised FY2026 guidance: sales $300-310M, adj EBITDA $36-39M.
- Combined pro forma sales ~$560M, adj EBITDA ~$64M; close expected H1 CY2026; accretive to adj EPS in FY2027.
- MasterCraft shareholders own 66.5%; MPX 33.5%; board expands to 10; no debt post-close, $75M revolver amended.
- Majority shareholder LOR, Inc. agrees to vote in favor; closing subject to shareholder approvals and customary conditions.