BRP Acquires Triton Industries
BRP announced it has entered into a definitive agreement to acquire Triton Industries, Inc., the North American manufacturer of the Manitou pontoon brand.
The family-owned Manitou business based in Lansing, Mich. is considered a pioneer in the evolution of the pontoon thanks to its patented V-TOON technology, an industry game-changer for planing, performance and efficiency. Manitou employs approximately 160 people and has a network of around 150 dealers across Canada and the U.S.
"The announcement of the acquisition of Manitou is the logical next step in the roll-out of our global marine strategy," said José Boisjoli, BRP President and CEO. "We are thrilled to welcome a company with such potential and its entire team to the BRP family. Together, we will strive to transform the industry and become a leading marine company."
As the second boat acquisition complementing the outboard engine portfolio, Manitou’s addition to the Marine Group further solidifies BRP’s position in this market.
The transaction remains subject to certain customary closing conditions and is expected to be completed in the third quarter of BRP’s fiscal year 2019.