News & Insights

Cases & Deals

October 3, 2017

King & Spalding Advises MasterCraft in $79.8 Million Acquisition of NauticStar

ATLANTA, Oct. 3, 2017 — King & Spalding advised MCBC Holdings, Inc. (NASDAQ: MCFT), ("MasterCraft"), in its $79.8 million acquisition of fellow leading boat manufacturer NauticStar. The transaction was financed by a combination of cash on hand and proceeds from the closing of an amended and restated syndicated credit facility.

The deal was completed yesterday as a simultaneous “sign-and-close.” MasterCraft, based in Vonore, Tenn., is an innovator, designer, manufacturer and marketer of premium performance sport boats. Mississippi-based NauticStar is a privately held maker of bay boats, deck boats and offshore center console boats.

The Atlanta-based King & Spalding deal team included partner Keith Townsend, senior associate Robert Benson and associate Sawyer Duncan. Partner Les Oakes, counsel Mark Kelly and Scott Mario, and associate Sedric Bailey assisted on the deal.

About King & Spalding
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 1,000 lawyers in 20 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at