MasterCraft Expands Portfolio with Chaparral and Robalo

MasterCraft Boat Holdings Inc. will keep its corporate headquarters in Vonore, Tennessee, while Chaparral and Robalo operations remain in Nashville, Georgia, as the combined organization projects approximately $560 million in pro forma net sales and about $64 million in adjusted EBITDA for the 12 months ending June 30, 2026.

Deal mechanics and immediate financials

The transaction is a cash-and-stock combination valued at roughly $232.2 million USD. Under the agreement, Marine Products Corporation shareholders will receive $2.43 per share in cash plus 0.232 shares of MasterCraft common stock for each Marine Products share. Based on MasterCraft’s closing share price of $23.12 as of February 4, the consideration implies about $7.79 per Marine Products share. The financing will come from MasterCraft’s cash on hand, and management expects the combined company to remain debt-free after closing.

Valuation metrics and projected synergies

The purchase price equates to about 7.2x Marine Products’ expected EBITDA for the 12 months ending June 30, 2026, after adjusting for roughly $6 million in eliminated public-company costs and corporate overhead. The consolidation is expected to yield approximately $6 million in annual net savings through those eliminations.

Brands, operations and leadership continuity

MasterCraft’s existing brand lineup — MasterCraft, Crest and Balise — will be combined with Marine Products’ Chaparral and Robalo brands. MasterCraft intends to maintain Chaparral and Robalo as a separate operating unit, retaining their leadership teams, dealer relationships, and employees. Following closing, Brad Nelson will lead the combined company as CEO, Scott Kent will remain CFO, and Roch Lambert will serve as chair of the expanded board.

Governance and closing conditions

Both boards and Marine Products’ special committee unanimously approved the deal. Majority shareholder LOR Inc. entered into a voting agreement supporting the transaction. The closing is scheduled for the second quarter of calendar 2026, subject to shareholder approvals and regulatory clearances. MasterCraft will continue to trade on NASDAQ under the ticker MCFT.

Operational impacts on production, distribution and dealers

Combining the two manufacturers creates scale across production planning, inventory management, and dealer service networks. Both companies have historically emphasized disciplined approaches to production, inventory levels, and dealer health — practices that reduce supply-chain friction and can accelerate parts availability and after-sales support for end customers.

• Inventory and parts: Consolidated procurement may improve parts availability and reduce lead times for routine maintenance and warranty work.
• Dealer footprint: Expanded brand portfolio gives dealers a broader model range to sell or place into charter fleets and rental programs.
• Production flexibility: Shared manufacturing best practices could smooth seasonal production cycles and buffer against supply disruptions.

What this means for boat rental markets and charters

For operators in the charter and rental space, the combined product mix of sport fishing models from Robalo, family and performance boats from Chaparral, alongside MasterCraft’s towboats and Crest/Balise offerings, broadens the choices available for fleets. Larger OEM portfolios can improve availability across price points and boat categories—important for marinas, fleet managers, and private owners looking to rent, charter, or buy.

Practical consequences for renters and marinas

Marinas and rental platforms may see:

• More inventory diversity for short-term rentals and seasonal fleets.
• Better access to replacement parts and warranty service in regional service centers.
• Potential promotional partnerships and bundled service offerings as brands align dealer incentives.

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Market outlook and strategic considerations

The acquisition strengthens MasterCraft’s position across varied boating segments and should increase institutional visibility. On a pro forma basis, the combined entity’s scale and stronger dealer relationships could accelerate new-model introductions, cross-brand aftersales programs, and targeted marketing to key boating regions, from Gulf coasts to inland lakes. While consolidation often promises cost synergies, the integration must preserve local dealer autonomy and brand identities to maintain market share in sport-fishing, towboat, and family-boat segments.

Key takeaways

• Scale: The deal creates a larger, diversified manufacturer with stronger financial metrics.
• Continuity: Chaparral and Robalo will operate as a distinct unit, preserving brand equity.
• Deal timing: Expected close in Q2 2026, subject to approvals.

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In summary, MasterCraft’s acquisition of Marine Products Corporation brings together well-known brands — MasterCraft, Crest, Balise, Chaparral and Robalo — under an enlarged MasterCraft Boat Holdings platform, promising roughly $560M in pro forma sales and improved operational scale. For charter operators, marinas, and boating enthusiasts, the deal can mean broader model selection, improved parts logistics, and more predictable dealer support. GetBoat.com offers a transparent, user-friendly way to book or buy boats, yachts and sailboats by showing make, model, ratings and availability worldwide — making it easier to plan your next yacht charter, boat rent, fishing excursion or beachside adventure. Enjoy the voyage.