Pure Watercraft, Inc.
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Pure Watercraft is a company that specializes in electric marine propulsion systems, revolutionizing the boating industry by offering sustainable and high-performance solutions. With a strong commitment to reducing the environmental impact of waterborne transportation, Pure Watercraft aims to provide boaters with cutting-edge electric propulsion technology that seamlessly integrates into existing vessels. Product/Service Line Breakdown: Electric Outboard Motors: Pure Watercraft's flagship product is its line of electric outboard motors. These motors are designed to replace traditional gasoline-powered outboards with efficient, high-performance electric alternatives. They offer boat owners the benefits of quiet operation, instant torque, zero emissions, and reduced maintenance requirements. The motors are available in various power outputs to suit different types of boats and usage scenarios. Battery Systems: Complementing their electric outboard motors, Pure Watercraft offers advanced battery systems that are engineered to provide consistent power and range for marine vessels. These battery packs utilize cutting-edge lithium-ion technology to store and deliver energy efficiently. The company emphasizes safety, longevity, and ease of use, ensuring boaters have a reliable power source for their electric propulsion systems. Proprietary Control Systems: Pure Watercraft develops proprietary control systems that optimize the performance and efficiency of their electric propulsion solutions. These control systems integrate with the outboard motors and battery systems, offering users intuitive interfaces, real-time data monitoring, and the ability to customize power settings to match their boating preferences. Installation and Integration Services: To ensure a seamless transition to electric propulsion, Pure Watercraft provides installation and integration services. Their team of experts assists boat owners in retrofitting their vessels with electric systems, ensuring proper integration, safety, and functionality. This service includes assessing the boat's compatibility, installing components, and conducting thorough testing. Consultation and Customization: Pure Watercraft offers consultation services to guide boat owners and marine manufacturers in adopting electric propulsion solutions. They collaborate closely with clients to understand their unique needs, providing tailored recommendations and customization options to ensure optimal performance and user experience.
Keywords
Keywords
Classified
Private