MasterCraft Boat Holdings has acquired Marine Products Corporation, expanding its portfolio and enhancing competitive positioning in the marine industry.
Quiver AI Summary
MasterCraft Boat Holdings, Inc. has successfully completed its acquisition of Marine Products Corporation, enhancing its portfolio of recreational powerboats to include brands like Chaparral and Robalo. Marine Products shareholders received $2.43 per share in cash and 0.232 shares of MasterCraft stock, resulting in the cessation of Marine Products' stock trading on the NYSE. This merger will create a diversified array of brands catering to a broader customer base while strengthening operational capabilities and innovation potential. MasterCraft's CEO, Brad Nelson, expressed confidence in the new structure's ability to serve the evolving needs of boating enthusiasts and drive long-term value. The acquisition was supported by advisory firms including Wells Fargo and King & Spalding LLP.
Potential Positives
- Successful completion of the acquisition of Marine Products Corporation expands MasterCraft's portfolio to include leading brands such as Chaparral and Robalo.
- The acquisition creates a diversified portfolio of brands, enhancing MasterCraft's market presence across multiple high-quality boating categories.
- Anticipated benefits include improved scale, enhanced dealer networks, and a strengthened platform for innovation and product development.
- Leadership expresses confidence in the acquisition driving long-term value and growth opportunities for the combined company.
Potential Negatives
- The announcement of the acquisition may raise concerns about the anticipated financial performance and profitability of the combined company, as future results are uncertain and contingent on various factors.
- The cessation of trading for Marine Products common stock and its removal from the NYSE could negatively affect shareholder confidence and market perception of the merger.
- Forward-looking statements highlight significant risks and uncertainties, including the expected synergies and efficiencies, which could lead to investor skepticism regarding the effectiveness of the acquisition strategy.
FAQ
What is the recent acquisition by MasterCraft Boat Holdings?
MasterCraft has completed the acquisition of Marine Products Corporation, a leader in recreational and sport fishing powerboats.
How much were Marine Products shareholders compensated in the acquisition?
Shareholders received $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share they owned.
Which brands are included in the combined company's portfolio?
The combined portfolio includes MasterCraft, Chaparral, Robalo, Crest, and Balise, enhancing their market offerings.
What benefits does the acquisition provide MasterCraft?
The acquisition creates a diversified portfolio, enhances scale, and improves product offerings, fostering future growth opportunities.
Who advised MasterCraft during the acquisition?
Wells Fargo acted as financial advisor and King & Spalding LLP provided legal counsel to MasterCraft during the acquisition process.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MCFT Insider Trading Activity
$MCFT insiders have traded $MCFT stock on the open market 7 times in the past 6 months. Of those trades, 3 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $MCFT stock by insiders over the last 6 months:
- CAPITAL MANAGEMENT, LLC COLISEUM has made 3 purchases buying 134,807 shares for an estimated $2,649,367 and 0 sales.
- FUND, L.P. FORAGER has made 0 purchases and 4 sales selling 87,841 shares for an estimated $2,069,264.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$MCFT Revenue
$MCFT had revenues of $78.2M in Q3 2026. This is an increase of 2.96% from the same period in the prior year.
You can track MCFT financials on Quiver Quantitative's MCFT stock page.
You can access data on MCFT stock through the Quiver Quantitative API.
$MCFT Hedge Fund Activity
We have seen 57 institutional investors add shares of $MCFT stock to their portfolio, and 55 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP removed 226,676 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $4,649,124
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 136,654 shares (-55.5%) from their portfolio in Q1 2026, for an estimated $2,802,773
- COLISEUM CAPITAL MANAGEMENT, LLC added 134,807 shares (+3.8%) to their portfolio in Q4 2025, for an estimated $2,549,200
- DIVISAR CAPITAL MANAGEMENT LLC removed 133,619 shares (-15.5%) from their portfolio in Q4 2025, for an estimated $2,526,735
- DE LISLE PARTNERS LLP added 129,274 shares (+inf%) to their portfolio in Q1 2026, for an estimated $2,651,409
- JPMORGAN CHASE & CO removed 106,282 shares (-94.1%) from their portfolio in Q4 2025, for an estimated $2,009,792
- FORAGER CAPITAL MANAGEMENT, LLC removed 103,857 shares (-5.8%) from their portfolio in Q4 2025, for an estimated $1,963,935
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$MCFT Price Targets
Multiple analysts have issued price targets for $MCFT recently. We have seen 2 analysts offer price targets for $MCFT in the last 6 months, with a median target of $23.0.
Here are some recent targets:
- Michael Swartz from Truist Securities set a target price of $25.0 on 04/27/2026
- An analyst from Loop Capital set a target price of $21.0 on 12/23/2025
Full Release
VONORE, Tenn., May 15, 2026 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) (“MasterCraft”), a leading innovator, designer, and manufacturer of premium performance and leisure powerboats, today announced the successful completion of its previously announced acquisition of Marine Products Corporation (NYSE: MPX) (“Marine Products”), a leading manufacturer of recreation and sport fishing powerboats.
As previously announced, Marine Products shareholders received $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share of Marine Products they own. Marine Products common stock has ceased trading and will no longer be listed on the New York Stock Exchange.
This acquisition brings together two iconic recreational marine companies and creates a diversified portfolio of leading brands—MasterCraft, Crest, Balise, Chaparral, and Robalo—positioned to serve an expanded customer base across multiple high-quality boating categories. The combined company benefits from complementary coastal and inland dealer networks, enhanced scale, and a strengthened platform for innovation, product development, and operational excellence, supporting differentiated product offerings and future growth opportunities.
Brad Nelson, Chief Executive Officer of MasterCraft, said, “We are pleased to officially welcome Chaparral and Robalo to MasterCraft. This combination brings together highly complementary brands, talented teams, and strong dealer relationships that will enhance our ability to serve customers and drive long-term value. We are confident that the scale, reach and product offering of the combined company positions us well to meet the evolving needs of boating enthusiasts across multiple categories. We are excited about the opportunities ahead and look forward to this next chapter of growth for MasterCraft as we deliver on our commitment to innovation, quality, and operational excellence.”
Advisors
Wells Fargo acted as exclusive financial advisor to MasterCraft and King & Spalding LLP served as legal counsel. Joele Frank, Wilkinson Brimmer Katcher served as strategic communications advisor to MasterCraft.
About MasterCraft Boat Holdings, Inc.
Headquartered in Vonore, Tenn., MasterCraft Boat Holdings, Inc. is a leading innovator, designer, manufacturer and marketer of recreational powerboats through its five brands, MasterCraft, Chaparral, Robalo, Crest, and Balise. For more information about MasterCraft Boat Holdings, and its five brands, visit: Investors.MCBH.com, www.mastercraft.com, www.chaparralboats.com, www.robalo.com, www.CrestPontoonBoats.com, and www.BalisePontoonBoats.com.
Forward Looking Statements
This press release includes forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Forward-looking statements can often be identified by such words and phrases as “believes,” “anticipates,” “expects,” “intends,” “estimates,” “may,” “will,” “should,” “continue” and similar expressions and comparable terminology or the negative thereof.
Forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including, but not limited to: (i) the anticipated financial performance of the combined company; (ii) the expected synergies and efficiencies to be achieved as a result of the transactions; (iii) expectations regarding the diversification and complementary nature of brand portfolios; (iv) expectations regarding the complementary nature of dealer networks; (v) expectations regarding enhancements to the manufacturing platform and technological innovation; (vi) the financial profile and profitability of the combined company; (vii) expectations regarding cost savings; (viii) expectations regarding the combined company’s employees, vendors, dealers and manufacturing operations; and (ix) expectations regarding the realization of benefits of the transactions and the timing associated with realization thereof. These and other important factors discussed under the caption “Risk Factors” in MasterCraft’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025, filed with the Securities and Exchange Commission (the “SEC”) on August 27, 2025, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings made with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements. The discussion of these risks is specifically incorporated by reference into this press release.
Any such forward-looking statements represent estimates as of the date of this press release. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. MasterCraft undertakes no obligation (and expressly disclaims any obligation) to update or supplement any forward-looking statements that may become untrue or cause our views to change, whether because of new information, future events, changes in assumptions or otherwise. Comparisons of results for current and prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.
MasterCraft Contacts:
Investors
Alec Harmon
Senior Director of Strategy and Investor Relations
Email: [email protected]
Media
Mahmoud Siddig / Tim Lynch / Fouad Boutros
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449
