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M&A Deal Summary

Correct Craft Acquires Parker Boats

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2019-04-18
Target Parker Boats
Sector Marine
Buyer(s) Correct Craft
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
Overall 1 of 1
Sector: Marine M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
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