Who is the CFO of Malibu?
Bruce W. Mr. Beckman joined MBI in late 2023 as our Chief Financial Officer. Steve D. Menneto President and Chief Executive Officer, MBI Previously, he spent over 27 years at Polaris – most recently as President of the Off Road Vehicle Division where he led the business to a doubling of revenue (now $7+ billion).
Who bought Malibu boats?
In 2006, black canyon capital, as the primary investor, acquired malibu boats. Malibu boats for sale on boat trader are listed for an assortment of prices, valued from $9,681 on the lower-priced models all the way up to $376,233 for the most expensive boats.
What is the lawsuit against Malibu boats?
Grand Rapids-based Tommy’s Boats filed an April 10 lawsuit against Loudon, Tenn. Malibu Boats, alleging that the manufacturer engaged in an inventory oversupply fraud scheme. Tommy’s has been embroiled in three separate lawsuits between Malibu Boats and two banks and filed for bankruptcy protection in May 2024. Tommy’s Boats alleged that Malibu Boats tried to flood the dealership with high-priced inventory to make Malibu’s sales numbers look better.On April 11, 2024, Malibu Boats revealed that a lawsuit had been filed against them by Tommy’s, alleging fraud. The lawsuit claims that since late 2022, Malibu Boats delivered nearly $100 million worth of inventory to Tommy’s dealerships, including their highest-priced, slowest-moving “Malibu” branded boats.