M&A · Industrials · Ship & Boat Building & Repairing
MasterCraft Boat Holdings, Inc. to acquire Marine Products Corp
Announced Feb 5, 2026 · Closed May 15, 2026
Deal value$232MEV $225M
Premium—To unaffected price
EV / Adj. EBITDA10.3x1.0x EV / Revenue
ConsiderationCash and stock$7.79 per share
Transaction
- Acquirer
- MasterCraft Boat Holdings, Inc. (MCFT)
- Target
- Marine Products Corp (MPX)
- Buyer type
- Strategic
- Offer price per share
- $7.79
- Enterprise value
- $225M
- Status
- Closed May 15, 2026
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Wells Fargo
- To the target
- Truist Securities
- Truist Securities fee
- $5.5M
Sector context · Industrials
- Comparable deals
- 94 in the prior 24 months
- Premium
- Sector median 37.0%
- EV / Adj. EBITDA
- 10.3x vs. 9.9x sector median
- Break fee
- Sector median 2.5%
Timeline
- AnnouncedFeb 5, 2026
- Proxy filedApr 2, 2026
- Definitive proxyApr 2, 2026
- Shareholder voteMay 12, 2026
- ClosedMay 15, 2026
Valuation · fairness opinions
Trading comparables$6.96$7.66
Trading comparables$5.97$6.59
Discounted cash flow$8.94$10.18
Trading comparables$21.68$23.87
Discounted cash flow$30.67$35.02
Offer $7.79
Implied value per Marine Products Corp share by analysis, from Truist Securities.