Baird served as a joint passive bookrunner on this offering
AboutBRP, Inc. (“BRP” or the “Company”) (TSX: DOO; NASDAQ: DOOO) recently completed a follow-on offering of 8,700,000 shares of common stock at a price of $47.00 per share, generating gross proceeds of $408.9 million (before over-allotment). Selling shareholders will receive all of the net proceeds from this offering.
BRP is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles and marine products, providing enthusiasts with a variety of exhilarating, stylish and powerful products for all year-round use on a variety of terrains. BRP’s diversified portfolio of brands and products includes for Powersports: Can-Am ATVs, SSVs and 3WVs, Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and Rotax engines for karts, motorcycles and recreational aircraft. For Marine, the portfolio of brands and products includes Evinrude outboard boat engines, Rotax engines for jet boats and Alumacraft and Manitou boats. Additionally, the Company supports its line of products with a dedicated parts, accessories and clothing business. The Company employs approximately 10,350 people at manufacturing and distribution sites in Mexico, Canada, Austria, the United States and Finland. BRP sells its products in over 100 countries through a network of approximately 3,475 dealers in 21 countries as well as through approximately 185 distributors serving approximately 915 additional dealers. BRP is headquartered in Valcourt, Quebec, Canada.
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- September 2018
- BRP, Inc.
- Target Location
- North America