Malibu Boats, Inc. has announced the acquisition of Saxdor Yachts, a leading European designer and manufacturer of premium adventure dayboats, for approximately EUR 150 million (USD $175 million). This acquisition is significant as it represents a valuation of approximately 7.2x estimated EBITDA for the twelve months ending March 31, 2026.
Saxdor Yachts has rapidly emerged as one of Europe’s most dynamic premium performance boatbuilders, with over 2,000 boats produced and delivered worldwide since its founding in 2019. Notably, Saxdor achieved year-over-year constant currency revenue growth of approximately 65% in calendar 2025 and is expected to generate revenue of USD $225–235 million for the 12 months ending March 31, 2026.
The transaction is expected to have immediate, significant accretion to Malibu Boats, Inc.'s earnings per share. The acquisition of Saxdor is anticipated to enhance the company’s portfolio, filling strategic whitespace between Cobalt’s luxury sterndrive positioning and Pursuit’s offshore capability, and offering premium luxury at competitive price points.
Saxdor currently distributes through a dedicated network of over 100 dealer locations in more than 50 countries across 5 continents. For the year ended December 31, 2025, sales in Europe and North America accounted for approximately 50% and 33%, respectively, of Saxdor’s total revenue, indicating significant growth potential under Malibu’s distribution, services, and manufacturing infrastructure.
The acquisition is also expected to expand profit margins, with Saxdor projected to generate EBITDA margins of 10-11% for the 12 months ending March 31, 2026, and potential further margin growth in Malibu’s fiscal 2027.
Based on the transaction valuation and consideration mix of 73% cash and 27% stock, the acquisition of Saxdor is expected to be accretive to Malibu Boats, Inc.’s earnings per share in the current fiscal year and significantly accretive in fiscal 2027.
The transaction was financed through cash on hand and Malibu’s existing credit facility, with potential for Saxdor’s shareholders to earn up to EUR 72 million (USD $84 million) in additional consideration upon achievement of certain operating and financial growth targets in calendar years 2026, 2027, and 2028.
Saxdor will operate as a subsidiary of Malibu Boats, Inc. while maintaining its brand identity and operational autonomy, with founder and chief designer Sakari Mattila continuing his creative leadership for Saxdor and advising on Malibu’s broader portfolio of brands.
Following these announcements, the company's shares moved -1.29%, and are now trading at a price of $33.60. Check out the company's full 8-K submission here.
