![]() 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. Jamie Johnson, Sales Associate and Cobalt Worldwide Top Salesman, Parks Marina.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 ![]() Photo from left: Butch Parks, President, Parks Marina. Parks Marina continues to not only be dedicated to the service and care of its customers, but also to the success of the Iowa Great Lakes Region and its surrounding communities. The company builds the #1 selling stern drive boats in all of North America for the 20-36 foot sport boat segment. Parks Marina was also recognized for its outstanding customer service with a near perfect Customer Service Index score.Ĭobalt Boats is a privately owned, leading manufacturer of luxury family boats. The recognitions are based on outstanding sales, service and total dedication to customer satisfaction. In addition, Parks Marina was named #3 in Cobalt Marker One division sales and #4 in Cobalt Boat sales worldwide. Sales Associate Darin Partello won the top spot in 2013. This is the second time in three years a Parks Marina employee has received the #1 sales award. Johnson and his wife will enjoy an all-expense paid trip to Cabo San Lucas Mexico as reward for this outstanding achievement. ![]() This recognition is based on sales volume and measures against the sales performance of Cobalt boats worldwide. Parks Marina in Okoboji, IA and Sioux Falls, SD is proud to announce that Sales Associate, Jamie Johnson has been named the #1 salesperson in the world for Cobalt boat sales for 2015. Contact: Debbie Marina Sales Associate Receives Worldwide Top Sales Award
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