Tails Up Posted January 5, 2021 Report Share Posted January 5, 2021 https://www.morningstar.com/news/globe-newswire/8120322/malibu-boats-inc-completes-acquisition-of-maverick-boat-group Hope there will be no big changes. Quote Link to comment Share on other sites More sharing options...
JnamJnam Posted January 5, 2021 Report Share Posted January 5, 2021 Wow... That's bizzare. Yes hopefully no major changes... Quote Link to comment Share on other sites More sharing options...
blewbyu Posted January 5, 2021 Report Share Posted January 5, 2021 A $150m price tag. History shows acquisitions in marine industry bring changes. Price increases, new management at the production level, a drop in quality and elimination of sluggish sellers. Hold on to your rigs boys they gonna rise in value over time. Assembly line boats never have the quality of the original owners. I've seen many comments from owners all over boat groups that MBG has gone down the crapper. i hope I'm wrong but history of acquisitions shows otherwise. Maybe Skip will jump in and share his birds eye perspective. 1 Quote Link to comment Share on other sites More sharing options...
JnamJnam Posted January 5, 2021 Report Share Posted January 5, 2021 14 minutes ago, blewbyu said: A $150m price tag. History shows acquisitions in marine industry bring changes. Price increases, new management at the production level, a drop in quality and elimination of sluggish sellers. Hold on to your rigs boys they gonna rise in value over time. Assembly line boats never have the quality of the original owners. I've seen many comments from owners all over boat groups that MBG has gone down the crapper. i hope I'm wrong but history of acquisitions shows otherwise. Maybe Skip will jump in and share his birds eye perspective. Hope you are wrong... But you are probably right. Especially a ski boat manufacture... Quote Link to comment Share on other sites More sharing options...
dabear Posted January 5, 2021 Report Share Posted January 5, 2021 Many of the old timers said the same exact things when Maverick purchased Bob Hewes boats . Time will tell . 2 Quote Link to comment Share on other sites More sharing options...
Wanaflatsfish Posted January 5, 2021 Report Share Posted January 5, 2021 30 minutes ago, blewbyu said: 've seen many comments from owners all over boat groups that MBG has gone down the crapper. Where is that from If anything, I"ve seen an improvement in many areas....find another company that stands behind a warranty like MBG. I"ve been a MHP owner for over 17 years and have found them to yes, need upgrades from the old days of fit and finish...but, all of this has dramatically improved...with a BASS boat and ski crowd owning MGB, I can't wait to see my first HPX with sparkles in the hull dc 2 Quote Link to comment Share on other sites More sharing options...
geeviam Posted January 5, 2021 Report Share Posted January 5, 2021 3 minutes ago, Wanaflatsfish said: I can't wait to see my first HPX with sparkles in the hull 1 1 Quote Link to comment Share on other sites More sharing options...
finbully Posted January 5, 2021 Report Share Posted January 5, 2021 Colbalt's are very nice boats so maybe this will be okay. Still, I'm happy I have my pre sellout Maverick. Quote Link to comment Share on other sites More sharing options...
Wanaflatsfish Posted January 5, 2021 Report Share Posted January 5, 2021 7 minutes ago, finbully said: Still, I'm happy I have my pre sellout Maverick. LET THE MASTER ANGLER CULT continue and expand.....I think my MA17 just went up by $5K (LOL). dc 1 Quote Link to comment Share on other sites More sharing options...
Limitless Posted January 5, 2021 Report Share Posted January 5, 2021 OH, ***!! Quote Link to comment Share on other sites More sharing options...
NCTribute Posted January 5, 2021 Report Share Posted January 5, 2021 Interesting that Cobia was not mentioned in the press releases, thought that Cobia was the fastest growing part of MBG? Was it also part of the acquisition? Quote Link to comment Share on other sites More sharing options...
Lap it Up Posted January 5, 2021 Report Share Posted January 5, 2021 5 minutes ago, NCTribute said: Interesting that Cobia was not mentioned in the press releases, Its there. Enhances Malibu’s breadth of saltwater outboard offerings with four strong brands With two manufacturing facilities located in Fort Pierce, Florida, Maverick designs and manufactures the Cobia, Pathfinder, Maverick, and Hewes brands. Quote Link to comment Share on other sites More sharing options...
Popular Post slyshon Posted January 5, 2021 Popular Post Report Share Posted January 5, 2021 Lots more to come in the next few weeks, we are all still here, no changes. Skip 7 Quote Link to comment Share on other sites More sharing options...
Popular Post Texas T Posted January 5, 2021 Popular Post Report Share Posted January 5, 2021 At least they weren't acquired by BPS! 3 2 Quote Link to comment Share on other sites More sharing options...
dabear Posted January 5, 2021 Report Share Posted January 5, 2021 1 minute ago, Texas T said: At least they weren't acquired by BPS! See there is a bright side to every story . 😊 2 Quote Link to comment Share on other sites More sharing options...
Foulhook Posted January 5, 2021 Report Share Posted January 5, 2021 My bad. I bought my first new MBG product in 20 years this week and this is what happens. On the bright side, Malibu has been building nice (and expensive) ski boats for years. We owned an old one, it was a tank. Hopefully they let the saltwater division run independently and not lose that heritage and experience. Quote Link to comment Share on other sites More sharing options...
geeviam Posted January 5, 2021 Report Share Posted January 5, 2021 ...deleted Quote Link to comment Share on other sites More sharing options...
Popular Post whichwaysup Posted January 5, 2021 Popular Post Report Share Posted January 5, 2021 This was probably a good move for the owners of MBG. We are sitting at the top of a long running economic boom. Lots of indications that things are going to tank in a hurry. Maybe it will run forever, but if I'm sitting on a successful business that is highly sensitive to economic changes, selling that risk to a bigger investor is a brilliant - and brilliantly timed - move. We all love local, but it's hard to fault the local guy for cashing out on the years of work it took to build up a business. Skip and team, congrats on the sale and I hope you got everything you were hoping for out of the deal. Clearly, what's REALLY going on here, is that Skip and team have sold off everything EXCEPT the MA hull, which they have (finally) realized is the best hull ever made. So they sell off all the other stuff, and start over again with a niche, local company and make perfect, high quality, low quantity boats with the best customer service ever known. 5 Quote Link to comment Share on other sites More sharing options...
DonV Posted January 5, 2021 Report Share Posted January 5, 2021 Could have been Bayliner Boats Let's face it MBC knows the "buy low, sell high" system works in all businesses, not just the market! Quote Link to comment Share on other sites More sharing options...
fin-addict Posted January 5, 2021 Report Share Posted January 5, 2021 1 minute ago, DonV said: Could have been Bayliner Boats Nooooooooo, cannot use foul words on this forum. 😱 1 Quote Link to comment Share on other sites More sharing options...
fin-addict Posted January 5, 2021 Report Share Posted January 5, 2021 1 minute ago, fin-addict said: Blew my mind 🤯. Just read it on a FB Pathy forum. Feel the QC needs a bit of tweaking the last few years as many new buyers were having issues. Malibu also makes Tiara, one of my favorite boats including quality. Hope Skip remains, great asset to the and US. My Pathy is going nowhere. 😀👍⚓️🙏fin. Quote Link to comment Share on other sites More sharing options...
whichwaysup Posted January 5, 2021 Report Share Posted January 5, 2021 9 minutes ago, DonV said: Could have been Bayliner Boats Let's face it MBC knows the "buy low, sell high" system works in all businesses, not just the market! Hey, watch it pal. A Bayliner and a Force engine is a combination that simply can't be beaten . . . . . . to the bottom of the ocean. . . . 2 Quote Link to comment Share on other sites More sharing options...
finbully Posted January 5, 2021 Report Share Posted January 5, 2021 1 hour ago, Texas T said: At least they weren't acquired by BPS! Like Ranger Boats!!! Quote Link to comment Share on other sites More sharing options...
finbully Posted January 5, 2021 Report Share Posted January 5, 2021 4 minutes ago, whichwaysup said: Hey, watch it pal. A Bayliner and a Force engine is a combination that simply can't be beaten . . . . . . to the bottom of the ocean. . . . Come on man my first boat was a Larson with Force power!!!😍 I was in heaven!!! 1 Quote Link to comment Share on other sites More sharing options...
whichwaysup Posted January 5, 2021 Report Share Posted January 5, 2021 1 minute ago, finbully said: Come on man my first boat was a Larson with Force power!!!😍 I was in heaven!!! My buddy's first boat was a (Bayliner) Trophy and a Force engine. We spent a LOT of time vertical jigging off of that thing . . because we had no other choice while waiting for SeaTow. I learned a lot from his mistake about doing some research before buying a brand. 2 1 Quote Link to comment Share on other sites More sharing options...
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