MCBC Holdings, Inc. (NASDAQ: MCFT), the parent entity of MasterCraft Boat Company, LLC (“MasterCraft”), and NauticStar, LLC (“NauticStar”), announced that it has completed the previously announced acquisition of Crest Marine LLC (“Crest”), a leading vertically integrated manufacturer of high-quality pontoon boats in the United States, for approximately $80 million (approximately $70 million after netting the impact of $10 million in net present value of future tax benefits).
King & Spalding LLP and Egerton, McAfee, Armistead & Davis, P.C. acted as legal advisors to MasterCraft. Baird acted as Crest's financial advisor.
