EagleTree Capital Acquires Majority Stake in Invincible Boat Company
September 17, 2019
EagleTree Capital (via its EagleTree Partners IV fund) has acquired a majority stake in Invincible Boat Company, a premium high-performance saltwater fishing boat manufacturer headquartered in Opa Locka, Florida. Stellus Capital Management provided unitranche senior debt and an equity co-investment to support the transaction; Invincible's founder Alex Lipworth will remain a significant shareholder and continue to guide product development.
- Buyers
- EagleTree Capital (EagleTree Partners IV), Stellus Capital Management
- Targets
- Invincible Boat Company
- Industry
- Manufacturing
- Location
- Florida, United States
- Transaction Type
- Buyout
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