Brunswick to Acquire Freedom Boat Club; Will Establish Leading Position in Boat Club Segment
Brunswick Corporation (BC)
Last brunswick corporation earnings: 4/30 06:30 am
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ir.brunswick.com
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Source: GlobeNewswire
METTAWA, Ill., May 17, 2019 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC) today announced that as part of the Company’s strategy to expand its presence and scale within the emerging and fast-growing boat club segment, it has entered into a definitive agreement to acquire Freedom Boat Club (FBC), the segment’s largest operator. Terms of the transaction were not disclosed. Freedom Boat Club, founded in 1989, is the largest boat club operator and the premier marine franchisor in the nation. FBC and its franchisees service over 20,000 members, providing them with access to a fleet of nearly 2,200 boats at approximately 170 company-owned or franchised locations across 30 states, Canada and Europe. “As the leader in the boat club segment, Freedom offers both immediate scale and an established marketplace presence and expertise,” said Brunswick Chief Executive Officer David M. Foulkes. “FBC’s profitable and cycle-resistant business model is an excellent fit within our marine p
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