Bass Pro pens deal to buy Ark. boat manufacturer

Bass Pro Group LLC signed a deal to acquire Flippin, Ark.-based boat manufacturer Fishing Holdings LLC.

Announced in a news release today, the deal is expected to close for undisclosed terms after meeting closing conditions and regulatory approvals. Fishing Holdings manufactures Ranger Boats, as well as the Stratos and Triton brands from Platinum Equity LLC. The company joins Bass Pro’s Tracker Marine Group line of boats.

“This partnership brings added long-term stability for both companies and for the dealer networks that provide customers with quality boats at exceptional values,” Bass Pro CEO John Morris said in the release, noting a personal relationship with Ranger Boats founder Forrest Wood. “I deeply respect him and his family that founded and built a solid performing business with excellent products.”

After the transaction closes, Fishing Holdings will continue to operate independently with its existing management in Arkansas.

“We are fortunate to partner with Bass Pro Group, which understands the industry and our brands,” Fishing Holdings President Randy Hopper said in the release. “This new alliance will provide synergies that will strengthen our independent dealer base and ensure our continued focus on fishing.”

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