Gilbert + Tobin has advised New York Stock Exchange-listed Brunswick Corporation (Brunswick) on its acquisition of Fliteboard.
Brunswick is the global leader in marine recreation and home to more than 60 industry-leading brands. In the category of marine propulsion, these brands include, Mercury Marine, Mercury Racing and MerCruiser. In addition, Brunswick’s boat brands are some of the best known in the world, including Boston Whaler, Lund, Sea Ray, Bayliner, Harris Pontoons, Princecraft and Quicksilver.
Fliteboard is a leading pioneer in the eFoiling industry. Originating from Byron Bay, Australia, it has customers in more than 90 countries and has won more than a dozen major awards. The company’s flagship product, the ‘Fliteboard’, offers a seamless, motorised surfing experience over water without the need for waves.
G+T’s market leading Corporate Advisory team was led by partner David Josselsohn, with support from consultant Ashleigh Kern, lawyer Rohit Duggal and graduates Katerina Burtaev and Imogen Lewis. The Corporate Advisory team was also supported by specialists throughout the firm including partner Muhunthan Kanagaratnam (Tax) and special counsel James Pomeroy (Employment). G+T has one of Australia’s most highly regarded corporate M&A practices with considerable experience working on cross-border transactions for large corporates.
David Josselsohn said "We are pleased to have advised Brunswick on this significant cross-border transaction as it enters the emerging, electric-foiling surfboard market with the aim of attracting a new generation to electric mobility on the water. We are excited to see Fliteboard evolve as part of the Brunswick family as it further enhances Brunswick’s industry-leading electrification and shared-access strategies.”