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
“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
The transaction is
subject to customary closing conditions and regulatory approvals. Financial
terms of the transaction were not publicly disclosed.
About Bass Pro Shops®
Bass Pro Shops®, which specializes in outdoor fun, operates 90 retail stores and Tracker Marine Centers across America and Canada that are visited by more than 120 million people every year. Bass Pro Shops stores, many of which feature restaurants, offer hunting, fishing, camping and other outdoor gear while their catalogs and website serve shoppers throughout the world. The company's Tracker Marine Group® (www.trackermarine.com/), is a leading builder of fishing and recreational boats for more than 36 years. Family fun is on tap at Bass Pro Shops resort Big Cedar Lodge® (www.bigcedar.com/) voted number six by Travel + Leisure Magazine as World's Best Hotels for Families. For more information, visit www.basspro.com/. To request a free catalog, call 1-800-BASS PRO. Follow us on Facebook at www.facebook.com/bassproshops.
About Fishing Holdings, LLC
Fishing Holdings LLC, headquartered in Flippin, Ark., is a leading manufacturer of fiberglass and aluminum fishing boats, including the legendary Ranger Boats brand, as well as the Stratos and Triton boat brands. More details, product information and specific offerings can be found by visitingwww.rangerboats.com, www.stratosboats.comand www.tritonboats.com.