Malibu Boats, Inc. (NASDAQ: MBUU) closed its acquisition of Saxdor Yachts on March 2, 2026, paying approximately $175 million in cash and stock. The deal values Saxdor at $150 million in cash and $25 million in Malibu shares, with earn‑outs of up to $84 million tied to future performance.
Saxdor, a Finnish‑based premium adventure dayboat manufacturer, is best known for its award‑winning 460 GTC model and a portfolio that spans high‑performance dayboats. The purchase expands Malibu’s product lineup into the fast‑growing adventure dayboat segment and adds Saxdor’s innovative models to the company’s catalog.
The transaction broadens Malibu’s geographic reach and diversifies its product mix, positioning the company to serve a younger, affluent customer base that complements its existing performance sport and sterndrive brands. The deal also gives Malibu a new manufacturing presence in Finland and access to Saxdor’s dealer network of more than 100 locations in over 50 countries.
Steve Menneto, CEO of Malibu Boats, said, “Founder and Chief Designer Sakari Mattila will continue his creative leadership for Saxdor, as well as advise on MBI’s broader portfolio of brands. Saxdor’s management and operational teams will join MBI and continue to drive Saxdor’s product innovation, category leadership and growth strategy.”
Malibu’s Q2 2026 financial results showed net sales falling 5.8% to $188.6 million and a GAAP net loss of $2.5 million, compared with a net income of $2.4 million in Q2 2025. Adjusted EBITDA also declined, driven by lower unit volumes across all segments, fixed‑cost deleverage, and higher per‑unit labor and material costs. Segment‑level data revealed that Malibu and Axis accounted for 46.4% of unit volume, Saltwater Fishing 25.5%, and Cobalt 28.1%. Management described the results as “slightly above expectations” and expressed optimism heading into the early boat‑show season.
Investors reacted positively to the acquisition announcement, emphasizing the strategic fit and the potential for long‑term growth in the adventure dayboat market.
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