MasterCraft Boat Holdings Completes Asset Acquisition
Ticker: MCFT · Form: 8-K · Filed: Dec 30, 2024 · CIK: 1638290
Sentiment: neutral
Topics: acquisition, assets, business-expansion
Related Tickers: MCFT
TL;DR
MCFT just bought some assets from Crest Marine, expanding their boat biz.
AI Summary
MasterCraft Boat Holdings, Inc. announced the completion of its acquisition of certain assets from Crest Marine, LLC on December 23, 2024. The company also filed financial statements and exhibits related to this transaction. This acquisition is expected to expand MasterCraft's product offerings and market reach.
Why It Matters
This acquisition allows MasterCraft to integrate new assets, potentially increasing its market share and product diversity in the boat manufacturing industry.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting the completion of an asset acquisition, which is a common corporate event.
Key Players & Entities
- MasterCraft Boat Holdings, Inc. (company) — Registrant
- Crest Marine, LLC (company) — Acquired entity's former owner
- December 23, 2024 (date) — Date of earliest event reported
FAQ
What specific assets were acquired from Crest Marine, LLC?
The filing states that MasterCraft Boat Holdings, Inc. completed the acquisition of certain assets from Crest Marine, LLC, but does not specify the exact nature or list of these assets.
What is the financial impact of this acquisition on MasterCraft Boat Holdings, Inc.?
The filing does not provide specific financial details or the dollar amount of the transaction, only that it is a completion of an asset acquisition and includes financial statements and exhibits.
When did the acquisition of assets from Crest Marine, LLC officially close?
The acquisition of certain assets from Crest Marine, LLC was completed on December 23, 2024, as reported in the filing.
Does this acquisition involve the purchase of Crest Marine, LLC as a whole company?
No, the filing specifies the acquisition of 'certain assets' from Crest Marine, LLC, not the entire company.
What is the primary business of MasterCraft Boat Holdings, Inc.?
MasterCraft Boat Holdings, Inc. is in the business of ship and boat building and repairing, as indicated by its Standard Industrial Classification code [3730].
Filing Stats: 442 words · 2 min read · ~1 pages · Grade level 11.7 · Accepted 2024-12-30 16:05:08
Key Financial Figures
- $26.1 million — for proceeds, net of closing costs, of $26.1 million. Item 9.01 Financial Statements and E
Filing Documents
- mcft-20241223.htm (8-K) — 39KB
- 0000950170-24-141125.txt ( ) — 146KB
- mcft-20241223.xsd (EX-101.SCH) — 23KB
- mcft-20241223_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 Real Property in Merritt Island, Florida On December 23, 2024, MasterCraft Boat Company, LLC, a wholly owned subsidiary of MasterCraft Boat Holdings, Inc., completed its previously announced sell of certain real property located in Merritt Island, Florida to RMI Holdings, Inc. for proceeds, net of closing costs, of $26.1 million.
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: December 30, 2024 By: /s/ TIMOTHY M. OXLEY Timothy M. Oxley Chief Financial Officer, Treasurer and Secretary