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February 5, 2019

Polaris Buys Larson Boat Group

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Polaris Industries Inc. announced that it has completed the previously announced acquisition of Larson Boat Group, a privately held boat manufacturer, in an all-cash transaction valued at a net present value (“NPV”) of approximately $805 million. Boat Holdings offers a full lineup of pontoon, deck and cruiser boats through its recognized brands of Bennington, Godfrey, Hurricane and Rinker.

As previously announced, Boat Holdings will operate as a distinct business unit led by current Boat Holdings’ Chief Executive Officer Jake Vogel and will report to Bob Mack, president of Global Adjacent Markets and senior vice president of Corporate Development and Strategy at Polaris.

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