Add-on Acquisition • Marine

Correct Craft Acquires Parker Boats

On April 18, 2019, Correct Craft acquired marine company Parker Boats

Acquisition Context

This is Correct Craft’s 1st transaction in the Marine sector.
This is Correct Craft’s 1st transaction in the United States.
This is Correct Craft’s 1st transaction in North Carolina.

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M&A Deal Summary
Date	April 18, 2019
Target	Parker Boats
Sector	Marine
Buyer(s)	Correct Craft
Deal Type	Add-on Acquisition

Target Company

Parker Boats

Beaufort, North Carolina, United States

Parker Boats builds premium offshore and inshore fishing boats. The Company was formed in 1960 and is headquartered in Beaufort, North Carolina.

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Buyer Overview 1

Buyer

Correct Craft

Orlando, Florida, United States

Category	Company
Founded	1925
Sector	Marine

DESCRIPTION

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.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Marine	1 of 1
Type: Add-on Acquisition	1 of 1
State: North Carolina	1 of 1
Country: United States	1 of 1
Year: 2019	1 of 1

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