Malibu

Pursuit Boats Purchased by Malibu Boats

Malibu Boats, Inc. (Nasdaq: MBUU) (“Malibu”), a leading global manufacturer of recreational fiberglass boats, announced today that it has entered into a definitive agreement with S2 Yachts, Inc. (“S2”) to acquire the assets of Pursuit Boats (“Pursuit”) for a total consideration of $100 million. The transaction is expected to close in the fourth calendar quarter of 2018, subject to customary closing conditions. Malibu will fund the transaction with cash on hand and a borrowing under an incremental revolving credit facility to be added to its existing credit facility.