![]() The transaction is subject to customary closing conditions and is expected to close during the second quarter of 2019.īritish Columbia - North Vancouver, Port MoodyĬalifornia - CA Delta Pittsburg, CA Delta Stockton, Huntington Beach, Los Angeles, San Diego Mission Bay Dana Landing, San Diego Bay Cabrillo Isle, San FranciscoĬonnecticut - Branford, Deep River, Mystic, Stamford, Stratford, Westbrookĭelaware - Lewes Ferry Terminal, Lewes Canal, Long Neckįlorida - Alafia River, Anna Maria Pier 77, Bay Pines, Bonita Springs Bonita Beach, Bradenton, Cape Canaveral, Cape Coral, Clearwater, Crystal River, Daytona Beach, Destin, Dunedin, Englewood Ainger Creek Marina, Englewood Cape Haze, Fort Myers Beach, Fort Myers MarineMax, Fort Walton Beach, Ft. It establishes a leadership position in a growing marketplace, provides an entry point for the next generation of boaters, takes advantage of our existing marine assets, and creates a new cycle-resistant profit stream.” “Our current and prospective franchisees will be supported with a unique suite of new products and services to help them grow and provide exceptional on-water experiences for members.”įoulkes concluded, “Freedom Boat Club is an exciting addition to our portfolio for many reasons. “The addition of Freedom Boat Club to our leading portfolio of marine brands will allow us to leverage resources and capabilities to create additional growth and value,” said Brenna Preisser, president - Brunswick Business Acceleration. “Our knowledge and experience of the growing boat club industry, combined with Brunswick’s leading marine resources, will provide FBC and its franchise partners with many new opportunities to accelerate growth and create value, while enhancing the best-in-class boating experience we aim to provide our members.” “We’re very excited to join Brunswick,” Giglio said. Over the last five years, FBC has nearly doubled its location footprint and tripled its membership base. ![]() John Giglio and his experienced management team will continue to lead Freedom Boat Club, which over time has demonstrated a track record of delivering meaningful growth. Through BSN, Brunswick has participated in the boat club and rental market since 2014, establishing a series of partnerships and pilot operations with both select dealers and marina operators. We want to encourage and lead the pursuit of alternate forms of participation to expand the popularity of boating.”įollowing the completion of the transaction, FBC will become part of Brunswick’s Business Acceleration group, which includes Brunswick’s Boating Service Network (BSN). It complements our established and growing engine, parts and accessories and boat portfolio with an emerging set of services to expand and enhance our position. “This move is a natural extension of our business. The growth of the marine industry depends on increasing the number of active boating participants and ensuring that they have a great experience on the water,” Foulkes continued. “Importantly, FBC strengthens our ability to benefit from the growth in the broader sharing economy and exposes a wider range of consumers to the boating lifestyle. “FBC’s profitable and cycle-resistant business model is an excellent fit within our marine portfolio. “As the leader in the boat club segment, Freedom offers both immediate scale and an established marketplace presence and expertise,” said Brunswick Chief Executive Officer David M. ![]() FBC and its franchisees service over 20,000 members, providing them with access to a fleet of nearly 2,200 boats at approximately 170 company-owned or franchised locations across 30 states, Canada and Europe. ![]() (May 17, 2019) – Brunswick Corporation (NYSE: BC) today announced that as part of the Company’s strategy to expand its presence and scale within the emerging and fast-growing boat club segment, it has entered into a definitive agreement to acquire Freedom Boat Club (FBC), the segment’s largest operator. Terms of the transaction were not disclosed.įreedom Boat Club, founded in 1989, is the largest boat club operator and the premier marine franchisor in the nation. ![]()
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