MasterCraft Completes $284.2 Million Acquisition of Marine Products

Oct 13, 08:43 PM UTCMixedMedium impact

MasterCraft Boat Holdings, Inc. (MCFT) has finalized its acquisition of Marine Products, converting the business into a wholly owned subsidiary. The transaction carries a total merger consideration of $284.2 million, comprising $199.4 million in stock and $84.8 million in cash based on valuation pricing from May 14, 2026. Following the update, MasterCraft stock rose 2.03% to $19.59.

The deal creates a significantly larger boat manufacturing entity, generating $565.8 million in unaudited pro forma combined net sales for fiscal year 2026. However, the combined operations reflect an unaudited pro forma net loss of $10.0 million, translating to a loss of $0.40 per share. Preliminary purchase price allocations record $105.6 million in goodwill alongside $65.1 million in other intangible assets.

Going forward, market participants will monitor integration progress and the impact of non-cash charges on earnings. The pro forma financial figures include adjustments for $1.4 million in incremental depreciation and $2.0 million in incremental amortization linked to the acquired assets.

Key points

MasterCraft Boat Holdings, Inc. (MCFT) completed its acquisition of Marine Products, making it a wholly owned subsidiary.
Total merger consideration reached $284.2 million, consisting of $199.4 million in stock and $84.8 million in cash.
Pro forma combined net sales for fiscal 2026 stand at $565.8 million, with a pro forma net loss of $10.0 million ($0.40 per share).
Preliminary asset allocations include $105.6 million in goodwill and $65.1 million in other intangible assets.

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Questions and answers

How much did MasterCraft pay to acquire Marine Products?

MasterCraft paid a total consideration of $284.2 million, which includes $199.4 million in equity and $84.8 million in cash based on prices from May 14, 2026.

What are the combined fiscal 2026 financial results for MasterCraft and Marine Products?

The combined company reported unaudited pro forma net sales of $565.8 million and a pro forma net loss of $10.0 million, or $0.40 per share, for fiscal year 2026.

Is Marine Products still an independent entity?

No, Marine Products merged into MasterCraft subsidiaries and now operates as a wholly owned unit of MasterCraft Boat Holdings, Inc.