M&A Deal Summary

BRP Acquires Alumacraft Boat

On June 28, 2018, BRP acquired marine company Alumacraft Boat from Corinthian Capital Group

Acquisition Highlights
  • This is BRP’s 1st transaction in the Marine sector.
  • This is BRP’s 1st transaction in the United States.
  • This is BRP’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2018-06-28
Target Alumacraft Boat
Sector Marine
Buyer(s) BRP
Sellers(s) Corinthian Capital Group
Deal Type Add-on Acquisition

Target

Alumacraft Boat

St. Peter, Minnesota, United States
website
Alumacraft Boat Co. is a manufacturer of branded 10 to 20-foot aluminum fishing boats for lake and river use. Alumacraft offers a diverse product line with flexible manufacturing and a reputation for delivering the highest quality, smoothest riding aluminum fishing boats in the industry. Alumacraft Boat was founded in 1946 and is based in St. Peter, Minnesota.

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Buyer(S) 1

Buyer

BRP

Valcourt, Quebec, Canada

website

Category Company
Founded 1937
Sector Automotive
Employees20,000
Revenue 7.6B CAD (2022)
DESCRIPTION

BRP is a global designer, developer, manufacturer, distributor and marketer of powersports vehicles. Its portfolio of brands and products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Spyder roadsters, Evinrude outboard engines, as well as Rotax propulsion systems. BRP was founded in 1937 and is based in Valcourt, Canada.

DEAL STATS #
Overall 1 of 3
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Telwater Pty

Coomera, Australia

Telwater Pty, Ltd. is well-known as the premier aluminum boat manufacturer in the region, with manufacturing facilities in Coomera, Queensland, Australia, and selling market-leading brands such as Quintrex, Stacer, Savage, and Yellowfin Plate. The Company manufactures over 8,000 boats and 5,500 trailers annually, employs over 270 people and has a network of around 180 dealers across Australia and Asia South Pacific.

Buy -

Seller(S) 1

SELLER

Corinthian Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Corinthian Capital Group is a private equity firm that targets middle market-company investments located in North America. Corinthian prefers investments in consumer product, niche manufacturing, distribution, and service companies with revenues between $50 and $300 million with an EBITDA of $5 - $30 million. Corinthian typically targets opportunities brought on by generational turnover, shareholder liquidity, or corporate restructuring. Corinthian Capital was formed in 2005 and is based in New York City with additional office in Boston.

DEAL STATS #
Overall 10 of 12
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 10 of 12
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Excelin Health

Irving, Texas, United States

Excelin Health owns and operates several quality home health and hospice agencies across the country. The company is focused on ensuring safe and smooth transitions back home from hospital stays, and providing professional skilled nursing and therapies. Excelin Home Health was founded in 2017 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-05 Eastern Wholesale Fence

Medford, New York, United States

Eastern Wholesale Fence is a manufacturer and distributor of a full range of fence products. Eastern Wholesale Fence produces poly vinyl-chloride (“PVC”), wood, and chain link fence and railing products. Eastern Wholesale Fence was founded in 1971 and is based in Medford, New York.

Sell -
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