M&A
confidence high
sentiment neutral
materiality 0.70
Malibu Boats completes $203.9M Saxdor acquisition; pro forma FY26 net loss $2.2M
MALIBU BOATS, INC.
- Acquired Saxdor Yachts on 3/2/2026 for ~$203.9M: $131.3M cash, 1.52M shares, $32.6M earnout (max $84.2M).
- Financed with $140M revolver drawdown at 4.88%, maturing 7/10/2031; incremental interest expense $4.5M.
- Pro forma FY2026 net sales $1.05B (Malibu $914.6M + Saxdor $136.3M); net loss attributable $2.2M vs Malibu standalone income $1.7M.
- Pro forma diluted EPS -$0.11 vs standalone $0.09; includes $7.9M amortization from backlog and dealer relationships.
- Saxdor results reclassed and converted from IFRS to U.S. GAAP; transaction costs of $14.8M expensed.