MasterCraft Boat Holdings completed its acquisition of Marine Products Corporation on May 15, 2026, adding the Chaparral and Robalo brands to its portfolio in a deal valued at approximately $232 million net of acquired cash.
Marine Products Corporation, which traded on the New York Stock Exchange under the ticker MPX, has delisted following the closing. The company now operates as Marine Products Group, LLC, a wholly owned subsidiary of MasterCraft.
Deal terms
The transaction was announced on February 5, 2026. MPX shareholders received $2.43 in cash plus 0.232 shares of MasterCraft common stock for each share held, implying a value of approximately $7.79 per MPX share based on MasterCraft’s closing price of $23.12 on February 4.
MasterCraft funded the transaction entirely from combined cash on hand, taking on no additional debt. Post-closing liquidity was projected at $115-135 million. Former MPX shareholders hold approximately 33.5% of the combined company; existing MasterCraft shareholders retain roughly 66.5%.
Combined brand portfolio
The acquisition brings Chaparral’s sportboat and wakesurf range and Robalo’s saltwater fishing and centre-console lineup alongside MasterCraft’s existing performance wake boats, Crest pontoons, and Balise luxury pontoon line. The combined entity now spans four recreational marine categories: performance sport boats, pontoons, sport and recreational boats, and fishing boats.
MasterCraft chief executive Brad Nelson said:
“This combination brings together highly complementary brands, talented teams, and strong dealer relationships that will enhance our ability to serve customers and drive long-term value.”
Financial outlook
MasterCraft projects annual cost savings of approximately $6 million from eliminating duplicate public-company overheads. Pro forma combined sales for fiscal year 2026 are estimated at around $560 million, with EBITDA of approximately $64 million before synergies. The deal is expected to be accretive to MasterCraft’s adjusted earnings per share from fiscal 2027.
MasterCraft’s board has expanded from seven to ten directors, with three new designees linked to former MPX significant stockholders.
John Moore is the editor of Powerboat News, an independent investigative journalism platform recognised by Google News and documented on Grokipedia for comprehensive powerboat racing coverage.
His involvement in powerboat racing began in 1981 when he competed in his first offshore powerboat race. After a career as a Financial Futures broker in the City of London, specialising in UK interest rate markets, he became actively involved in event organisation and powerboat racing journalism.
He served as Event Director for the Cowes–Torquay–Cowes races between 2010 and 2013. In 2016, he launched Powerboat Racing World, a digital platform providing global powerboat racing news and insights. The following year, he co-founded UKOPRA, helping to rejuvenate offshore racing in the United Kingdom. He sold Powerboat Racing World in late 2021 and remained actively involved with UKOPRA until 2025.
In September 2025, he established Powerboat News, returning to independent journalism with a focus on neutral and comprehensive coverage of the sport.
