Skip to main content

Report says Platinum Equity seeks buyer for Ranger Boats

The online business publication PeHub, a division of Reuters, is reporting that Platinum Equity is seeking a buyer for Ranger Boats.

PeHub cites three unnamed sources in its report this week, which said Ranger produces $25 million in earnings before interest, taxes, depreciation and amortization and that Platinum is seeking offers much higher than that.

A second round of bids for Ranger are due in October, according to the PeHub report.

None of the principal parties involved would comment.

“As a rule, we don’t discuss whether or not we’re considering selling any of our businesses,” Platinum Equity senior vice president Dan Whelan told Trade Only Today.

“We cannot confirm or refute any deals that have not been publicly announced,” said Katie Hurst, associated brand manager at Harris Williams & Co., the middle-market investment bank Platinum Equity has reportedly hired as an adviser for the sale.

Ranger declined to comment. Platinum Equity acquired Ranger and several other boat brands as part of its bankruptcy acquisition of Genmar Holdings in 2010.

In June, Platinum Equity announced the sale of Rec Boat Holdings, the builder of Four Winns, Glastron, Wellcraft and Scarab boats, to the Bénéteau Group.


Soundings Trade Only Names Editor-in-Chief

Gary Reich takes the helm from Jeff Moser, who becomes editor-in-chief of sister magazine PassageMaker.

St. Petersburg Show Opens Thursday

The 44th edition combines with the Tampa Boat Show to create what organizers say is the largest show on the Florida Gulf Coast.

Pay To Play

When Covid restrictions were widespread, some MTAs found a new revenue stream by charging admission to previously free shows, and visitors had no problem ponying up.

Yamaha Expands F25 Line

The company added short-shaft power trim and tilt models, and two models with improved tiller handles.

MRAA Donates to Educational Foundation

The group reinvested $100,000 in donations it received to help the foundation’s effort to address workforce shortages.

TPG Adds to Marine Portfolio

The hospitality and marina management firm acquired Conanicut Marina and Taylor Point Boat Yard in Jamestown, R.I.

Trade Only Today Returns Jan. 18

The daily e-newsletter will not publish Monday, Jan. 17, in observation of Martin Luther King Jr. Day. We wish everyone a happy and safe holiday weekend.