Baird's Investment Banking Group is pleased to announce the following transaction:

July 2021
Barletta Boat Company, LLC
Acquired by Winnebago Industries, Inc.
Baird served as exclusive financial advisor to Barletta Boat Company, LLC on this transaction

Barletta Boat Company, LLC (“Barletta” or the “Company”), recently entered into a definitive agreement to be acquired by Winnebago Industries (“Winnebago”) (NYSE:WGO) for approximately $255 million, consisting of $230 million in cash and $25 million in newly-issued Winnebago shares, and up to $15 million in newly issued Winnebago shares upon achievement of performance milestones at the end of calendar 2021. Certain growth objectives, if achieved through calendar years 2022 and 2023, provide the opportunity for up to $50 million in additional cash consideration. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals.

Barletta is a premium pontoon boat manufacturer whose focus on high-quality, innovative products, unrivaled customer experience and strong dealer relationships have propelled its rapid growth since it was founded in 2017. Today, Barletta is the fastest-growing company in the pontoon segment with over 300 dedicated employees and an expansive network of dealer partners across the United States and Canada. Barletta is headquartered in Bristol, Indiana.

Winnebago is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft and Newmar brands, which are used primarily in leisure travel and outdoor recreation activities. Winnebago builds quality motorhomes, travel trailers, fifth wheel products, boats and commercial community outreach vehicles. Winnebago has multiple facilities in Iowa, Indiana, Minnesota and Florida.

For additional information about this transaction, please contact:

Mike Lindemann +1-414-298-7408
Sara DePalma +1-312-609-7096
Chris McMahon +1-312-609-4983
Satoshi Matsumoto +1-646-557-3201