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Platinum Equity's PBH Marine Group Sells Michigan-Based Recreational Boat Business

Jun 23, 2014 - Marketwired
Mergers and Acquisitions

Platinum Equity today announced the sale of Rec Boat Holdings ("RBH"), the manufacturer of Four Winns, Glastron, Wellcraft and Scarab brand boats, to the Beneteau Group. Financial terms of the transaction were not disclosed.

Platinum Equity acquired the portfolio of boat brands and related assets in 2010 from Genmar Holdings, Inc., through a transaction conducted under Section 363 of the U.S. Bankruptcy Code. Platinum Equity retains ownership of Flippin, Arkansas-based Fishing Boat Holdin...