Telwater Pty Ltd, (Telwater) is Australia’s largest manufacturer of aluminium trailers and boats: BRP announced that it has acquired 80% of its shares. Paul Phelan, the current owner of Telwater, will continue to play an important role in the company’s operations and will retain 20% of the shares.
“We are excited to start this new stage of our journey by joining forces with a world leader like BRP. This acquisition allows us to strengthen our growth in Australia and around the world by leveraging BRP’s know-how and ability to innovate continuously,” explained Paul Phelan. “We are confident that the BRP Marine Group will make the most of both our experience and deep knowledge of the local market – we look forward to being part of the BRP family.”
Telwater has manufacturing facilities in Coomera, Queensland, Australia and is a distributor of brands such as Quintrex ), Stacer, Savage and Yellowfin Plate (7600 Southerner HT). The company produces over 8,000 boats and 5,500 trailers a year, employs more than 270 people and has a network of approximately 180 dealers in Australia and South Asia Pacific.
“Telwater is a particularly interesting reality for us because of the strong relationship we already had with the company and with Coomera’s sea fans and it represents a great opportunity for us to strengthen our presence in Australia,” said José Boisjoli, President and CEO of BRP. “It’s another piece of the puzzle that adds to our strategy of consolidation in the boating sector and a chance to help us become a leading global boating reality by investing in what is currently the leading company in this area,” Boisjoli added.
Once the acquisition is complete, Telwater will be part of BRP’s Marine Group as an independent product line, along with the Evinrude, Alumacraft and Manitou brands, enabling BRP to increase and strengthen its position in the aluminium boat industry in regions with excellent growth potential. The prospect of this Australian manufacturing market will give BRP additional options to support other product lines in the future. The acquisition is subject to the usual binding conditions, including approval by the authorities, and is expected to be completed in the second quarter of BRP’s fiscal year 2020.