newsfilter
← Latest News
GlobeNewswire·

Malibu Boats, Inc. Accelerates Its Global Expansion with the Acquisition of Category Disruptor Saxdor Yachts, One of the World's Fastest-Growing Boat Brands

MBUU
  • Malibu Boats, Inc. (MBI) acquired Saxdor Yachts for approximately EUR 150 million (USD $175 million) to enter the $2.5 billion adventure dayboat market.
  • The transaction represents a valuation of roughly 7.2x estimated EBITDA for the twelve months ending March 31, 2026, & advances MBI's "Build, Innovate, & Grow" strategy.
  • Saxdor was founded in 2019 by Sakari Mattila in Helsinki, Finland, & operates three manufacturing facilities in Finland & Poland with over 800 employees.
  • Saxdor reported 65% year-over-year constant currency revenue growth in 2025 & is projected to generate USD $225–235 million in revenue for the 12 months ending March 31, 2026.
  • The acquisition fills a strategic portfolio gap between Cobalt's luxury sterndrive positioning & Pursuit's offshore capability, targeting younger, affluent, & new-to-boating buyers.
  • Saxdor currently distributes through over 100 dealers in more than 50 countries, with 50% of revenue from Europe & 33% from North America in the year ended December 31, 2025.
  • Saxdor is expected to generate EBITDA margins of 10-11% for the 12 months ending March 31, 2026, providing immediate accretion to MBI's adjusted EBITDA margin profile.
  • The deal structure consists of 73% cash & 27% stock, resulting in pro forma net leverage of approximately 1.5x & expected EPS accretion for the current fiscal year & 2027.
  • Saxdor shareholders may earn up to EUR 72 million (USD $84 million) in additional consideration based on operating & financial growth targets achieved in 2026, 2027, & 2028.
  • Saxdor will operate as a subsidiary maintaining brand identity & operational autonomy, with Sakari Mattila continuing as Chief Designer & advisor to MBI.
  • MBI anticipates recognizing partial fiscal third quarter contribution from Saxdor upon closing on March 2, 2026, & reaffirmed existing fiscal 2026 guidance for its legacy business.