m_and_a
confidence high
sentiment positive
materiality 0.75
Malibu Boats acquires Saxdor Yachts for $175M plus up to $84M earnout
MALIBU BOATS, INC.
- €150M ($175M): €110M cash + 1.52M MBUU shares; earnout up to €71M ($84M) based on 2026-2028 targets.
- Saxdor CY2025 revenue grew ~65% YoY; expected revenue $225-235M for trailing 12 months ending March 31, 2026.
- Expected EBITDA margins 10-11%; transaction at 7.2x estimated EBITDA; immediately accretive to adjusted EBITDA and EPS.
- 3 facilities in Finland/Poland, 800+ employees, 100+ dealers in 50+ countries; $2.5B adventure dayboat market.
- Founder Sakari Mattila continues as Chief Designer; Saxdor operates as MBI subsidiary with brand autonomy.
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