Polaris enters boating industry with Boat Holdings LLC acquisition

Published On: June 5, 2018Categories: Industry News, News

Polaris Industries Inc. has signed a definitive agreement to acquire Boat Holdings LLC, a boat manufacturer owned by the Vogel family, management and Balmoral Funds, in an all-cash transaction valued at a net present value of approximately $805 million. Boat Holdings is the largest manufacturer of pontoon boats in the U.S., one of the largest and fastest growing segments in the marine industry. Boat Holdings expands Polaris’ footprint in the recreational outdoors market. Boat Holdings will maintain its headquarters and manufacturing facilities in Elkhart, Ind.