MasterCraft Boat Holdings Completes NauticStar Asset Acquisition
Ticker: MCFT · Form: 8-K · Filed: Oct 24, 2024 · CIK: 1638290
Sentiment: neutral
Topics: acquisition, assets, marine-industry
Related Tickers: MCFT
TL;DR
MCFT just bought NauticStar assets, expanding their boat biz.
AI Summary
MasterCraft Boat Holdings, Inc. announced the completion of its acquisition of the assets of NauticStar, LLC on October 18, 2024. The company did not disclose the specific purchase price for this transaction. This filing also includes financial statements and exhibits related to the acquisition.
Why It Matters
This acquisition expands MasterCraft's product portfolio and market reach within the marine industry, potentially leading to increased revenue and market share.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent integration risks and the financial details are not fully disclosed, making the immediate impact uncertain.
Key Players & Entities
- MasterCraft Boat Holdings, Inc. (company) — Acquiring company
- NauticStar, LLC (company) — Acquired assets
- October 18, 2024 (date) — Completion date of acquisition
FAQ
What specific assets were acquired from NauticStar, LLC?
The filing states that MasterCraft Boat Holdings, Inc. acquired the assets of NauticStar, LLC, but does not provide a detailed list of these specific assets.
What was the purchase price for the NauticStar asset acquisition?
The filing does not disclose the specific dollar amount of the purchase price for the acquisition of NauticStar's assets.
When was the acquisition of NauticStar's assets officially completed?
The acquisition of NauticStar's assets was completed on October 18, 2024.
What is the primary business of NauticStar, LLC?
While not explicitly detailed in this 8-K, NauticStar is known for manufacturing boats, and MasterCraft operates in the boat building industry.
What other items are included with this 8-K filing?
This filing includes financial statements and exhibits related to the completion of the acquisition.
Filing Stats: 480 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-10-24 16:03:11
Filing Documents
- mcft-20241018.htm (8-K) — 39KB
- 0000950170-24-117040.txt ( ) — 146KB
- mcft-20241018.xsd (EX-101.SCH) — 23KB
- mcft-20241018_htm.xml (XML) — 4KB
01 Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets. Closing of Disposition of Aviara Brand On October 18, 2024, MasterCraft Boat Holdings, Inc. (the "Company") completed its previously announced asset exchange, pursuant to which it transferred ownership of its Aviara brand (including all commercial and operational assets relating to Aviara's product line) to Cruisers Yachts, a subsidiary of MarineMax, Inc. ("MarineMax"). As part of the asset exchange, MarineMax assumed Aviara's customer care, warranty liability and administration. The amounts paid to the Company by MarineMax for ownership of the Aviara brand were offset by MarineMax's assumption of warranties liability and administration accruals.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are being furnished as part of this report: Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MASTERCRAFT BOAT HOLDINGS, INC. Date: October 24, 2024 By: /s/ TIMOTHY M. OXLEY Timothy M. Oxley Chief Financial Officer, Treasurer and Secretary