Cobalt is a well-recognized market leader and world class brand with a rich history of delivering performance, innovation and uncompromising quality. We are very excited about bringing Cobalt, its proven management and experienced employees into the Malibu family. We are excited at the prospect of combining two iconic brands with extensive dealer networks, leading market shares, and strong product innovation. “It is hard to know where to start, given how positive we are about this opportunity. For the last 12 months ended March 31, 2017, Cobalt generated approximately $140 million in net sales. Cobalt sells its boats through a well-established dealer network of 132 locations in the United States, Canada, and overseas. Cobalt is a world class brand with a product portfolio of twenty-four models across six proprietary, industry-leading series. Cobalt manufactures and sells water sport boats, cruisers, bowriders and outboard boats for cruising, skiing, entertainment, surfing, fishing and other recreational uses on lakes, rivers, intercoastal waterways and oceans. and Brunswick Corporation.įounded in 1968, Cobalt is the market leader in the mid to large-sized sterndrive boat market and their recent expansion into the surf and outboard markets provides further opportunities for Cobalt to reach additional customers. (NASDAQ: MBUU) (“Malibu” or the “Company”) announced today that it has entered into a definitive agreement to acquire Cobalt Boats, LLC (“Cobalt”), a privately held, leading manufacturer and distributor of premium sterndrive and outboard boats for an aggregate purchase price of $130 million, subject to customary adjustments for the amount of working capital in the business at the closing date and subject to adjustment for any judgment or settlement in connection with a pending litigation matter between Cobalt and Sea Ray Boats, Inc. LOUDON, Tennessee - J- Malibu Boats, Inc. ![]() Carpet, 40 oz.Combines two premium, best-in-class recreational boating brands, further strengthening Malibu’s leading position in the powerboat industryĬobalt’s comprehensive portfolio of quality products provides Malibu greater scale and a more balanced portfolioĪdds a complementary distribution network allowing for more market opportunities across multiple segments within the recreational boating industryĬombined business anticipated to deliver approximately $7.5 million in synergies and operational improvements expected to be realized by the fourth year post-closing, and approximately $18 million in expected tax benefitsĮxpected to be accretive to Malibu’s earnings per share, excluding purchase accounting and acquisition costs, in fiscal year 2018.Composite Helm Eyebrow, Custom Stitching.Take your next great ride with the R4 from Cobalt.įeatures may include: Dash And Instrumentation ![]() The interior is a thoughtfully crafted environment with painstaking attention to detail, elevating it to truly luxurious levels. The deep-V hull is long and lean, giving it a commanding presence on the water. This 24’ 3” boat has design lines that are majestic – and distinguished. Timeless in design, yet exceedingly modern. Premium JL Audio Stereo w/ Transom Speakers Like new R4 available for immediate delivery! Custom Heritage Trailer Included
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