M&A Deal Summary

Polaris Acquires Boat Holdings

On May 30, 2018, Polaris acquired automotive company Boat Holdings for 805M USD

Acquisition Highlights
  • This is Polaris’ 11th transaction in the Automotive sector.
  • This is Polaris’ largest (disclosed) transaction.
  • This is Polaris’ 14th transaction in the United States.
  • This is Polaris’ 2nd transaction in Indiana.

M&A Deal Summary
Date 2018-05-30
Target Boat Holdings
Sector Automotive
Buyer(s) Polaris
Deal Type Add-on Acquisition
Deal Value 805M USD
Advisor(s) Stephens Investment Banking (Financial)
Jones Day (Legal)

Target

Boat Holdings

Elkhart, Indiana, United States
Boat Holdings LLC is the largest manufacturer of major boats under the brands Bennington, Godfrey Pontoon Boats, Hurricane and Rinker. Company is one of the largest and fastest growing segments in the marine industry. With a full offering of pontoon, deck and cruiser boats, Boat Holdings’ four recognized brands – Bennington, Godfrey, Hurricane and Rinker – are strategically positioned with over 200 base models across a range of price points and fully-custom built options. Boat Holdings leverages an asset-light manufacturing model, and offers boats through a robust network of dealers primarily in the United States and Canada.

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Buyer(S) 1

Buyer

Polaris

Medina, Minnesota, United States
Category Company
Founded 1954
Sector Automotive
Employees18,500
Revenue 8.9B USD (2023)
DESCRIPTION
Polaris' corporate headquarters in Medina, Minnesota.
Polaris' corporate headquarters in Medina, Minnesota.

Polaris designs, engineers, manufactures and markets off-road vehicles, including all-terrain vehicles (ATVs) and the Polaris RANGER and RZR side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles. Polaris was founded in 1954 and is based in Medina, Minnesota.

DEAL STATS #
Overall 17 of 19
Sector (Automotive) 11 of 12
Type (Add-on Acquisition) 16 of 17
State (Indiana) 2 of 2
Country (United States) 14 of 16
Year (2018) 2 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Bennington Marine

Elkhart, Indiana, United States

Bennington Marine is a manufacturer of pontoon boats. Bennington Marine is based in Elkhart, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Fishing League Worldwide

Benton, Kentucky, United States

FLW LLC is a tournament-fishing organization, providing anglers of all skill levels the opportunity to compete across five tournament circuits. FLW LLC is based in Benton, Kentucky.

Buy -
Mergr

Product

Company

Legal