Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, December 13, 2019

Article Excerpt

BRP INC., $59.97, symbol DOO on Toronto, is a recreational products company best-known for its Ski-Doo and Sea-Doo lines of snowmobiles and personal watercraft. Investor also benefit from its successful line of Can-AM all-terrain vehicles and side-by-side off-road vehicles. In mid-2018, the company established a presence in the boating industry through the acquisition of Alumacraft Boat, the major North American manufacturer of aluminum fishing boats, based in St. Peter, Minnesota. Recently, it also bought 80% of Telwater Pty Ltd, an Australian manufacturer selling boats under brands such as Quintrex, Stacer and Savage. It has yet to disclose a purchase price. BRP became a standalone company in 2003 when Bombardier Inc., Canada’s biggest aerospace company, sold its recreational-products business to investors. Today, Bain Capital, a Boston-based private equity firm, owns 22.1% of the company, and the investment arm of the Bombardier and Beaudoin families owns 28.9%. In November 2013 through an IPO at $21.20 per subordinate voting share, BRP went public. Like many recent…

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