BASS PRO Shops acquires Ranger, Triton and Stratos boats from Platinum Equity. This blockbuster deal will change the landscape of tournament and tournament angler sponsorship for decades to come.
Here is an excerpt of the press release:
SPRINGFIELD, MO – Bass Pro Group announced today an agreement to
acquire Fishing Holdings, LLC, a manufacturer of fishing boats that
include Ranger Boats and the Stratos and Triton boat brands from
Platinum Equity.
The agreement combines popular fishing boat brands that
are recognized internationally. It also creates another connection
between two industry leaders, Bass Pro Shops founder/CEO Johnny Morris
and Ranger Boats founder Forrest Wood, who are dedicated fishermen,
conservationists and entrepreneurs. Years ago the iconic outdoorsmen
both began fishing on the White River and White River Chain of Lakes in
the Ozarks and even fished together in the first National BASS
Tournaments.
“This partnership brings added long-term stability for
both companies and for the dealer networks that provide customers with
quality boats at exceptional values,” said Morris, who also is
founder/CEO of Tracker Marine Group. “I’ve had the pleasure of knowing
Forrest Wood many years, and I deeply respect him and his family that
founded and built a solid performing business with excellent products.”
Morris added that: “It’s also important that our companies
share comparable cultures and values and are dedicated to manufacturing
quality products in the USA.”
Following the closing of the transaction, Fishing Holdings
will continue operating independently under its existing management at
its headquarters in Flippin, Ark., located a two-hour drive from Bass
Pro Shops headquarters in Springfield.
“We are impressed with the company’s leadership team and
performance and look forward to welcoming them to the Bass Pro Shops
family,” said Morris.
“We are fortunate to partner with Bass Pro Group, which
understands the industry and our brands,” said Fishing Holdings
President Randy Hopper. “This new alliance will provide synergies that
will strengthen our independent dealer base and ensure our continued
focus on fishing.”
Having grown the business since its origins, Wood also
praised the transaction. “I’m excited for Ranger and the team at Fishing
Holdings,” he said. “Johnny’s organization is deeply rooted in fishing
and dedicated to conservation. He’s made a huge contribution to our
sport, and I believe this is a real opportunity to better serve so many
dealers and loyal customers around the country.”
Both Morris and Wood have for many years generously
donated their time and financial resources to support conservation
efforts that help ensure a future for fishing by future generations.
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