/R E P E A T -- BRP to Sell its Telwater Business to Yamaha Motor Australia/
BRP Inc. (NASDAQ: DOOO) has announced a definitive agreement to sell Telwater Pty, to Yamaha Motor Australia, a subsidiary of Yamaha Motor Co., This marks BRP's first transaction in divesting its Marine businesses to focus on core Powersports activities.
The sale includes renowned brands Quintrex, Stacer, and Savage. The transaction is expected to complete in the second quarter of BRP's Fiscal 2026, subject to regulatory approvals. National Bank Financial Inc. served as financial advisor, while Stikeman Elliott LLP acted as legal advisor to BRP on the transaction.
BRP Inc. (NASDAQ: DOOO) ha annunciato un accordo definitivo per vendere Telwater Pty a Yamaha Motor Australia, una sussidiaria di Yamaha Motor Co. Questo segna la prima transazione di BRP nella dismissione delle sue attività Marine per concentrarsi sulle attività principali nel settore Powersports.
La vendita include marchi rinomati come Quintrex, Stacer e Savage. Si prevede che la transazione si completi nel secondo trimestre dell'Anno Fiscale 2026 di BRP, soggetta ad approvazioni regolamentari. National Bank Financial Inc. ha svolto il ruolo di consulente finanziario, mentre Stikeman Elliott LLP ha agito come consulente legale per BRP in merito alla transazione.
BRP Inc. (NASDAQ: DOOO) ha anunciado un acuerdo definitivo para vender Telwater Pty a Yamaha Motor Australia, una subsidiaria de Yamaha Motor Co. Esta es la primera transacción de BRP en la desinversión de sus negocios marítimos para centrarse en las actividades centrales de Powersports.
La venta incluye marcas reconocidas como Quintrex, Stacer y Savage. Se espera que la transacción se complete en el segundo trimestre del Año Fiscal 2026 de BRP, sujeta a aprobaciones regulatorias. National Bank Financial Inc. actuó como asesor financiero, mientras que Stikeman Elliott LLP actuó como asesor legal de BRP en la transacción.
BRP Inc. (NASDAQ: DOOO)는 Telwater Pty를 Yamaha Motor Australia에 판매하기 위한 최종 계약을 발표했습니다. 이는 BRP가 해양 사업을 매각하고 핵심 파워스포츠 활동에 집중하는 첫 번째 거래입니다.
이번 판매에는 Quintrex, Stacer 및 Savage와 같은 유명 브랜드가 포함됩니다. 이 거래는 BRP의 2026 회계연도 2분기에 완료될 것으로 예상되며, 규제 승인을 받아야 합니다. National Bank Financial Inc.는 재무 자문 역할을 했으며, Stikeman Elliott LLP는 거래에 대해 BRP의 법률 자문 역할을 했습니다.
BRP Inc. (NASDAQ: DOOO) a annoncé un accord définitif pour vendre Telwater Pty à Yamaha Motor Australia, une filiale de Yamaha Motor Co. Cela marque la première transaction de BRP dans la cession de ses activités maritimes pour se concentrer sur ses activités principales dans le domaine des Powersports.
La vente comprend des marques renommées telles que Quintrex, Stacer et Savage. La transaction devrait être finalisée au cours du deuxième trimestre de l'exercice fiscal 2026 de BRP, sous réserve des approbations réglementaires. National Bank Financial Inc. a agi en tant que conseiller financier, tandis que Stikeman Elliott LLP a servi de conseiller juridique à BRP pour cette transaction.
BRP Inc. (NASDAQ: DOOO) hat eine endgültige Vereinbarung zum Verkauf von Telwater Pty an Yamaha Motor Australia, eine Tochtergesellschaft von Yamaha Motor Co., bekannt gegeben. Dies markiert die erste Transaktion von BRP zur Veräußertung ihrer Marine-Geschäfte, um sich auf die Kernaktivitäten im Bereich Powersports zu konzentrieren.
Der Verkauf umfasst renommierte Marken wie Quintrex, Stacer und Savage. Die Transaktion wird voraussichtlich im zweiten Quartal des Geschäftsjahres 2026 von BRP abgeschlossen, vorbehaltlich der behördlichen Genehmigungen. National Bank Financial Inc. fungierte als Finanzberater, während Stikeman Elliott LLP als rechtlicher Berater von BRP bei der Transaktion tätig war.
- Strategic focus on core Powersports business through divestment of non-core marine operations
- Sale to established industry player (Yamaha) ensures business continuity
- Reduction in business diversification through exit from marine segment
- Loss of revenue stream from Telwater operations
Insights
BRP's sale of Telwater to Yamaha Motor Australia marks the first concrete step in their previously announced strategic realignment to exit Marine businesses and concentrate on core Powersports activities. This transaction involving the Quintrex, Stacer, and Savage boat brands represents a significant portfolio reshaping for BRP.
The lack of disclosed financial terms makes it impossible to assess the immediate value impact, which is a critical missing element for investors. Without knowing the sale price, we can't determine if BRP is capturing appropriate value or how this might affect the company's financial position.
Strategically, this move aligns with management's stated intention to streamline operations and focus capital allocation on their core competencies. Powersports typically generates stronger margins and growth prospects for BRP compared to Marine segments, suggesting potential long-term benefits from this increased focus.
The buyer, Yamaha Motor Australia, already has an established 40+ year presence in the regional boat industry, positioning them to potentially extract more value from these assets than BRP could as a non-core business. The expected closing in Q2 of fiscal 2026 indicates regulatory processes are still ahead.
This transaction is just the opening move in what appears to be a multi-step divestiture of BRP's entire Marine segment. Investors should watch closely for subsequent Marine business sales and, more importantly, how BRP redeploys the capital from these transactions to strengthen its Powersports positioning.
This transaction follows BRP's decision to sell its Marine businesses to channel its efforts and investments towards its core Powersports activities, thereby enhancing its position for long-term success.
"We are pleased with today's announcement, our first transaction in the process for the sale of our Marine businesses," said José Boisjoli, President and CEO of BRP. "I would like to sincerely thank all of the talented employees for their contribution and commitment over the years. We know we can count on their professionalism to continue supporting our dealers and customers with dedication through this transition period, until the transaction is completed."
Telwater Pty, Ltd. includes the businesses of renowned brands such as Quintrex, Stacer and Savage. This transaction is subject to certain customary closing conditions, including regulatory approval, and is expected to be completed in the second quarter of BRP's Fiscal 2026.
National Bank Financial Inc. acted as financial advisor and Stikeman Elliott LLP acted as legal advisor to BRP on the transaction.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain information included in this release, including, but not limited to, statements relating to the completion of the sale of Telwater Pty, Ltd., the anticipated benefits associated with the completion of this sale, the receipt of all requisite approvals to complete the acquisition, the closing date of the acquisition and the Company's business and strategic plans, and other statements that are not historical facts, are "forward-looking statements" within the meaning of Canadian and
About BRP
BRP Inc. is a global leader in the world of powersports products, propulsion systems and boats built on over 80 years of ingenuity and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats,
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft,
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SOURCE BRP Inc.
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