MasterCraft Acquires Marine Products for $232.2 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 05 2026
0mins
MasterCraft Boat Holdings (MCFT) and Marine Products (MPX) announced that they have entered into a definitive agreement under which MasterCraft will acquire Marine Products in a cash and stock transaction valued at approximately $232.2M, net of acquired cash. Under the terms of the agreement, Marine Products shareholders will receive $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share of Marine Products they own. Based on MasterCraft's closing share price of $23.12 on February 4, 2026, this consideration implies a value of $7.79 per Marine Products share. The corresponding transaction value of $232.2 million represents approximately 7.2x Marine Products' expected EBITDA for the twelve months ending June 30, 2026, after adjusting for the elimination of approximately $6 million of public company costs and corporate overhead. Upon closing of the transaction, MasterCraft shareholders will own 66.5% and Marine Products shareholders will own 33.5% of the combined company. The transaction has been unanimously approved by the Boards of Directors of both companies and the Special Committee of the Board of Directors of Marine Products. The transaction is expected to be financed through combined cash on hand. The transaction is expected to close in the second calendar quarter of 2026, subject to approval by both MasterCraft and Marine Products shareholders and the satisfaction of other customary closing conditions.
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Analyst Views on MCFT
Wall Street analysts forecast MCFT stock price to fall
4 Analyst Rating
0 Buy
4 Hold
0 Sell
Hold
Current: 22.620
Low
19.70
Averages
20.35
High
21.00
Current: 22.620
Low
19.70
Averages
20.35
High
21.00
About MCFT
MasterCraft Boat Holdings, Inc. is an innovator, designer, manufacturer and marketer of recreational powerboats through its five brands, MasterCraft, Chaparral, Robalo, Crest, and Balise. Its MasterCraft brand offers recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating. Its MasterCraft portfolio of ProStar, XStar, X, XT, and NXT models are designed for both recreational and competitive use. Its Crest and Balise brands produce pontoon boats, which are primarily used for general recreational boating. Crest's models include Caribbean, Upper Sun Deck models and others. Chaparral’s sterndrive models include SSi Sportboats and SSX Luxury Sportboats, and the GTS SURF Series. Chaparral’s outboard offerings include OSX Luxury Sportboats, the SSi Outboard Bowriders, and SSX Luxury Sportboats. Robalo builds an array of outboard sport fishing models, which include Center Consoles, Dual Consoles and Cayman Bay Boats.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Operational Efficiency Boost: The combined company will leverage complementary dealer networks and economies of scale to drive innovation and product development, thereby achieving operational excellence and supporting future growth opportunities.
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See More
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- Optimized Inventory Management: Dealer inventory improved by 28% year-over-year, with inventory turnover exceeding pre-pandemic levels, demonstrating the company's flexibility and effectiveness in retail and wholesale planning, which aids in enhancing market responsiveness.
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