Your local office
We are looking for the closest office..

CFI USA advises Manitou Pontoon Boats in Sale to BRP Inc.

Chicago, IL and Southfield, MI – CFI USA is pleased to announce that it served as the exclusive financial advisor to Triton Industries, Inc. in its sale to BRP.

An established and growing brand based in Lansing, Michigan, Triton Industries is the manufacturer of Manitou pontoon boats, best known for innovative patent-protected technology across its entire lineup, with a brand that is associated with premium luxury and performance. Manitou is considered a pioneer in the evolution of the pontoon thanks to its patented V-TOON® technology, an industry game-changer for planing, performance, and efficiency. Manitou has a network of around 150 dealers across Canada and the US.

BRP is a global leader in the world of powersports vehicles and propulsion systems built on over 75 years of ingenuity and customer service. Its portfolio of products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am on and off-road vehicles, Alumacraft boats, Evinrude and Rotax marine propulsion systems, as well as Rotax engines for karts, motorcycles and recreational aircraft.

Scott VanWagenen, a shareholder and President of Manitou, remarked, “We are enthusiastic that our family business found a new home with BRP. It was evident from our very first interaction with their team they share the commitment to innovation, quality, and customer service for which Manitou is known. Manitou makes a great addition to BRP’s recently created Marine Group.

CFI USA advised the shareholders of Manitou through the entire transaction process.  Mr. VanWagenen noted, “CFI USA was instrumental in securing this outcome for us – they understood our objectives and worked to make sure they were achieved.  Further, their industry expertise, sale process management, and ability to properly communicate our story to the market was impressive. We couldn’t be happier with this outcome.”

The transaction closed in August 2018.

Related

Industrials

has been acquired by

Advised by:

Joe Wagner

Similar Transactions

Industrials

has been sold to

Transaction details

Structural Concepts Corporation (SCC), a preeminent designer and manufacturer of innovative temperature-controlled merchandising solutions with a dedicated focus on perishables and prepared foods, has been sold to Mason Wells, an independent private equity fund that focuses on investments in middle market companies.

Industrials

The service and repair business of

has been sold to

a subsidiary of the French listed Agta Record Group.

Transaction details

The service and repair business of Bator Industrietore AG has been acquired by Swiss Bator Industrietore AG by Record Türautomation AG, a Swiss subsidiary of the French listed Agta Record Group

Industrials

has been sold to

Transaction details

Steelcase Acquires Orangebox, UK-based Maker of Alternative Furniture and Settings for the Changing Workplace

Industrials

has been acquired by

Transaction details

Daas Baksteen, a manufacturer of high-end, high-quality facing bricks and clay pavers. has been sold to the Austrian listed international industrial group Wienerberger