A manufacturer of fishing boats including Ranger Boats
Bass Pro Group announced a deal to acquire an Arkansas-based boat manufacturer.
The announcement Thursday says Bass Pro will acquire Fishing Holdings, LLC, a manufacturer of fishing boats including Ranger Boats and the Stratos and Triton boat brands from Platinum Equity LLC.
The company joins Bass Pro’s Tracker Marine Group line of boats.
Founder and CEO of Tracker Marine Group and Bass Pro Shops Johnny Morris and Ranger Boats founder Forrest Wood have worked together in the past in the first National BASS Tournaments and share a passion for the outdoor culture.
“This partnership brings added long-term stability for both companies and for the dealer networks that provide customers with quality boats at exceptional values,” Bass Pro CEO John Morris said in a statement. “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… It’s also important that our companies share comparable cultures and values and are dedicated to manufacturing quality products in the USA”
The deal is expected to close after meeting closing conditions and regulatory approvals. Financial terms of the deal were not publicly disclosed.
Following deal’s closing, Fishing Holdings will continue operating independently under its existing management at its headquarters in Flippin, Ark.