Please select your home edition
Edition
Marina Exchange 728x90 1

EagleTree acquires Invincible Boat Company

by Invincible Boats 26 Jul 2019 16:23 UTC
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

2020 FLW TV schedule announced
Episodes have been expanded to two hours long Each show goes in depth to break down the final rounds of regular-season competition, with six unique episodes covering each day of the Tackle Warehouse FLW TITLE presented by Toyota. Posted today at 2:50 pm
Simrad® GO Series special offer extended
Offering up to $200 cash back on Simrad® GO XSE or XSR displays Simrad Yachting - a leader in the design and manufacture of world-class marine navigation, autopilot, radar, communications and fishfinding systems - has extended its promotion offering up to $200 cash back on Simrad® GO XSE or XSR displays. Posted on 29 May
Sharrow Marine mass-produced, cast propeller
Mass market version will make propeller accessible to larger array of recreational boaters Sharrow Marine announced today plans to have a mass-produced, cast version of their award-winning propeller in production by the end of this year. Posted on 24 May
Starfish a popular meal at the Great Barrier Reef
Eaten by many more fish species than previously suspected Crown-of-thorns starfish are on the menu for many more fish species than previously suspected. Posted on 22 May
What a piscatorial delight!
Spending a few hours with some chaps from the Inland Fisheries Service Recently, I had the pleasure of spending a few hours with some chaps from the Inland Fisheries Service and watched them in action at Liawenee in the Central Highlands of Tasmania. Posted on 20 May
Maritimo Virtual Boat Show now live
Bringing you into the world of Maritimo from the comfort of your home Maritimo's virtual boat show and event platform is live. Over the coming weeks, we will be hosting new model launches, interactive walkthroughs, Q&A's, and lots more. Posted on 20 May
Five new 12VDC Quick Gyro Stabilizers launched
The result of many years research and technical innovation Leading Italian gyro stabilizer manufacturer, Quick Italy has dramatically changed the world gyro market, announcing the launch of five new 12VDC Quick Gyro Stabilizers. Posted on 18 May
Maritimo Power Play - X50R
R Performance Edition heralds a range of exclusive new upgrades available forX Series Sport Yachts Australia's leading luxury yacht manufacturer, Maritimo, has taken high performance, luxury boating to a new level with the introduction of exclusive new upgrades available for its highly successful X-Series range of sport motor yachts. Posted on 18 May
Need a reminder on how to use flares?
How to use your boat's flare kit safely! MarineMax Delivery Captain, Keith Lake, takes time out to share his boating tips. In this video he demonstrates how to use your boat's flare kit safely! Posted on 16 May
Marine Steering Wheel provides right-priced luxury
The new Model 40 marine steering wheel is the perfect addition to runabouts The new Model 40 marine steering wheel from Schmitt & Ongaro Marine Products is the perfect addition to runabouts, ski and wake boats, pontoons and other small recreational vessels. Posted on 15 May
Marina Exchange FOOTER 1Raymarine AUS Element HV FOOTER