Please select your home edition
Edition
Allen Brothers

EagleTree acquires Invincible Boat Company

by Invincible Boats 26 Jul 09:23 PDT
Invincible 42 Open Fisherman © Invincible Boat Company

Invincible Boat Company, a premium high-performance saltwater fishing boat brand, and EagleTree Capital, on behalf of its private equity fund EagleTree Partners IV, today announced that EagleTree has recently acquired a majority stake in Invincible.

The Company's founder, Alex Lipworth, will continue to guide product development, serve on the Company's board of directors, and retain a significant stake in the Company. Invincible and EagleTree also announced that John Dorton, former CEO of EagleTree portfolio company MasterCraft Boat Company, has joined Invincible as Chief Executive Officer. Terms of the transaction were not disclosed.

Headquartered in Opa Locka, Florida, Invincible manufactures and sells high-performance semi-custom saltwater fishing boats. Invincible was founded in 2006 by Alex Lipworth, an entrepreneur and competitive fisherman with a desire to set a new industry standard in the saltwater fishing category. Since its inception, Invincible has quickly gained recognition as the highest performing and best built brand in the market. Mr. Dorton is a 25-year industry veteran, having led MasterCraft, Hydra-Sports and HeyDay. He has also served on the boards of the National Marine Manufacturers Association and the Water Sports Industry Association.

"We are excited to partner with John Dorton and EagleTree. Their experience in the boating industry and the resources they provide will help Invincible achieve new heights," said Mr. Lipworth. "We look forward to accelerating our new product development, investing in the Invincible brand, growing our manufacturing capacity, and enhancing our customer experience and dealer support systems."

"I'm delighted to have the opportunity to join a company that builds such incredible boats" said Mr. Dorton. "It's an honor to partner with Alex, the rest of Invincible's talented management team, and the most dedicated craftsmen in the saltwater space. I'm a big believer in the premium saltwater fishing category as one of the most stable in the industry, with passionate customers that recognize quality and performance."

"We are thrilled to partner again with John Dorton, and with Alex Lipworth and the entire Invincible team," said George Majoros, Jr., Co-Managing Partner at EagleTree. "Invincible has built a tremendous reputation based on its outstanding boats and we're delighted to have the opportunity to build on the strong foundation that Alex created."

Stuart Martin, Partner at EagleTree, said, "With this infusion of new capital and resources, we are confident that Invincible will be able to accelerate its growth for the benefit of its customers, distributors, and employees."

VRA Partners served as financial advisor and Holland and Knight LLP served as legal advisor to Invincible. Jones Day served as legal advisor to EagleTree.

Related Articles

FLIBS success caps off brilliant 2019 year
Fort Lauderdale International Boat Show caps off a sales boom for Maritimo The 60th annual Fort Lauderdale International Boat Show has seen a wave of sales by Australia's leading luxury motor yacht manufacturer, Maritimo. Posted today at 4:30 pm
Lumishore expands presence in North America
Hiring Bob Hamilton as Vice President of Sales Lumishore, manufacturer of high-performance LED marine lighting systems, announced today it has hired Bob Hamilton as Vice President of Sales. In his new position, Hamilton is responsible for driving sales efforts and increasing market penetration Posted on 9 Nov
Boating priorities in Senate Spending Package
U.S. Senate passed a spending measure called a "minibus" Last week, the U.S. Senate passed a spending measure called a "minibus" - a legislative package that contains multiple appropriations bills - which includes several of the recreational boating industry's top funding priorities. Posted on 9 Nov
Fischer Panda electric drive system to MAS project
Reliable drive systems will be essential for the unmanned Atlantic crossing in September 2020 The installation - which will include motors, batteries, diesel generators and associated power and control electronics - will be crucial to ensuring the success of the unmanned Atlantic crossing, which is scheduled for September 2020. Posted on 9 Nov
Call for entries for Minneapolis Boat Show Awards
Entrants to the 2020 program will boost their product's visibility through editorial inclusion The Progressive® Insurance Minneapolis Boat Show® Innovation Awards program is now accepting submissions. The program provides the opportunity for eligible exhibitors to enter new products into three product categories. Posted on 8 Nov
Lumishore appoints Global Product Manager
Alexandra Foineau responsible for leading the LUX Lighting Collection's introduction Lumishore, manufacturer of high-performance marine LED lighting systems, announced today the appointment of Alexandra Foineau as Senior Product Manager for its underwater lighting and newly launched LUX Lighting Collection worldwide. Posted on 8 Nov
Inmarsat steps up presence in superyacht sector
Exhibiting at METSTRADE this year for the first time Inmarsat, the world leader in mobile satellite communications, will exhibit at METSTRADE this year for the first time as it continues to strengthen its presence in the superyacht sector. Posted on 8 Nov
Inside Melges: The November Issue
2019 Melges 14 World League season closes with the Southern Championship With the Winter Series events right around the corner, Andy Burdick and Eddie Cox provide some insight on their pre-regatta checklists for a successful season on the road. Posted on 6 Nov
Show results reflect growing economic confidence
Peter Rendle's latest North American MarineBusinessWorld.com newsletter The Ft Lauderdale International Boat Show has come and gone for another year and one major supplier reports record results. Brunswick Corporation has announced that its Sea Ray, Boston Whaler and Mercury Marine brands have set multiple records. Posted on 6 Nov
America's Boating Club launches new website
Streamlined for easier navigation America's Boating Club® have announced the launch of their new website. Designed to be a better resource for current and future members, the new website has been streamlined for easier navigation and a more intuitive page flow. Posted on 6 Nov
Vaikobi 2019AUG - Footer 2Melges 14 2019 FooterRS Sailing 2019 - Footer