Tennessee-based Malibu Boats announced today that it acquired Saxdor Yachts for approximately $175 million. Since its founding in Helsinki, Finland, in 2019, Saxdor has delivered more than 2,000 boats worldwide and built a team of 800-plus employees at its three engineering and manufacturing facilities in Finland and Poland.
“Guided by our build, innovate and grow framework, we set a high bar for acquisitions — and Saxdor clears it easily with world-class boats, industry-leading growth and global reach,” Malibu CEO Steve Menneto said in a statement. “With Saxdor, we are taking a meaningful step towards our vision of becoming a global marine solutions and services provider. The strategic merits of this transaction extend beyond increased scale and portfolio expansion — it also establishes a global manufacturing footprint, which provides for improved sourcing, expanded service capabilities and a deeper distribution infrastructure, creating a more diversified, more resilient platform that can deliver results through market cycles.”
Based on the transaction valuation and the consideration mix of 73% cash and 27% stock, the acquisition is expected to be accretive to Malibu’s earnings per share in the current fiscal year and significantly accretive in fiscal 2027, the company said.
Saxdor achieved year-over-year constant currency revenue growth of approximately 65% in calendar 2025 and is expected to generate revenue of $225 million to $235 million for the 12 months ending March 31.
