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M&A Deal Summary

Ambassador Enterprises Acquires Correct Craft

On January 1, 2008, private equity firm Ambassador Enterprises acquired marine company Correct Craft

Acquisition Highlights
  • This is Ambassador Enterprises’ 1st transaction in the Marine sector.
  • This is Ambassador Enterprises’ 1st transaction in the United States.
  • This is Ambassador Enterprises’ 1st transaction in Florida.

M&A Deal Summary
Date 2008-01-01
Target Correct Craft
Sector Marine
Buyer(s) Ambassador Enterprises
Deal Type Buyout (LBO, MBO, MBI)

Target

Correct Craft

Orlando, Florida, United States
Correct Craft is a Florida-based boat manufacturing company. The Correct Craft family of brands includes Nautique, Centurion, Supreme, Bass Cat, Yar-Craft, SeaArk, Parker, and Bryant boat companies, Pleasurecraft Marine Engine Group, Watershed Innovation and Aktion Parks.

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Buyer(S) 1

Buyer

Ambassador Enterprises

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Ambassador Enterprises is a private equity firm focused on long-term investments in traditional industries. Ambassador Enterprises was formed in 2006 and is headquartered in Fort Wayne, Indiana.

DEAL STATS #
Overall 1 of 1
Sector: Marine M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1
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