Since its founding nearly thirty years ago, the Company has produced high-quality, recreational boats for families and fishermen at numerous price points. The Company offers a broad range of products in multiple categories of saltwater outboard fiberglass boats using a house of brands strategy. Each of the Company’s brands have long-standing reputations for outstanding build quality and unparalleled customer satisfaction in their respective categories.
The Company produces boats from its Company-owned, 115,000+ sq. ft. manufacturing facility. The modern, environmentally friendly plant is situated on 21 acres of land with ample room for further expansion. The Company has experienced substantial growth over the past five years, increasing Revenue from $12.8 million in 2017 to $31.1 million over the LTM period ended July 31, 2022, representing a CAGR of approximately 21.4%. Adjusted EBITDA also grew from $0.6 million in 2017 to $5.1 million in the LTM period, representing a CAGR of approximately 58.8%. The Company’s remarkable progress reflects its growing and loyal customer base and its recent focus on the production of larger, higher margin boats. With an order backlog of over $18.5 million as of July 31, 2022, the Company anticipates another strong year of growth.
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