Malibu Boats acquires Saxdor Yachts for about $175M

Malibu Boats (MBUU) announced that it has acquired Saxdor Yachts, a European designer and manufacturer of premium adventure dayboats for approximately $175M, representing a valuation of approximately 7.2x estimated EBITDA for the twelve months ending March 31. Based on the transaction valuation and the consideration mix of 73% cash and 27% stock, the acquisition of Saxdor is expected to be accretive to MBI’s earnings per share in the current fiscal year and significantly accretive in Fiscal 2027. The balanced funding structure results in pro forma net leverage of approximately 1.5x, well below the company’s stated maximum net leverage1 of 2.5x, thus preserving the company’s financial flexibility to invest in future growth initiatives while continuing to return capital to shareholders.