October 21, 2016
Anchors Aweigh Capital, in partnership with Royal Ascot Partners, advises JDG Undaunted, a newly formed company of JDG Capital, in its purchase of Intrepid Powerboats.
DALLAS, TX. - Anchors Aweigh Capital is pleased to announce its role as a financial advisor, in partnership with Royal Ascot Partners, to JDG Undaunted LLC, a newly formed company of JDG Capital, in its purchase of Intrepid Powerboats. JDG Capital, a Texas-based private investment firm, targets controlling interest investments in middle-market enterprises. Intrepid Powerboats is a leading designer, manufacturer, and marketer of high performance, luxury outboard powerboats and a portfolio company of Boston, MA-based private equity firm, Fulham & Co., who was represented by the leading investment bank Tully & Holland, Inc.
Intrepid Powerboats (www.intrepidpowerboats.com) is one of the largest and strongest brand names in the industry having built a reputation for innovation in customized features, performance, luxurious comfort and safety. Founded in 1983, Intrepid maintains its position as a pre-eminent boat builder through its design, engineering, and proprietary manufacturing techniques. The hallmarks of an Intrepid boat are speed, luxury, comfort, seaworthiness, and versatility. Its A-list customer base includes wealthy individuals, professional athletes, Middle Eastern royalty, and well-known entertainment figures.
JDG Capital is led by David Gillikin, the former CEO and equity partner of Cummins Southern Plains, LLC, the world's largest and most profitable distributor for Cummins, INc. (NYSE: CMI). "I had been looking for an operating company to invest in and looked at hundreds of companies," said Gillikin. "As I got to know Ken Clinton (President), the team and the company's business model, I became more and more impressed. We both share a passion for customer service. There are a lot of worthy competitors out there. What separates us will be the product and the customer service."
Intrepid Powerboats will continue to be led by the existing management team. "Fulham & Co. wished to preserve the company's culture and professionalism, as well as its excellent management team, and believed leaving the company in the hands of JDG Capital was an excellent choice" says Tim Tully, President of Tully & Holland, Inc.
About Anchors Aweigh Capital
Anchors Aweigh Capital (AAC) is an investment banking and consulting firm serving emerging growth and middle-market maritime and industrial companies in the U.S. and worldwide. AAC provides objective advice to private and public companies in the areas of mergers and acquisitions, strategy, turnarounds and restructurings, debt and equity capital raises and other advisory services focused on increasing the value of business enterprises. Anchors Aweigh Capital is headquartered in Ft. Lauderdale, FL and has offices in Dallas, TX, San Diego, CA and Portland, OR.
About Tully & Holland
Tully & Holland is a leading Boston, MA-based investment bank established in 1992. The firm provides corporate finance and mergers & acquisitions advisory services to middle-market consumer product companies. Tully & Holland has particular expertise representing food & beverage companies, multi-channel marketers, retailers, and consumer product manufacturers and distributors.