Brunswick's Freedom Boat Club Acquires Connecticut Franchise For Undisclosed Sum

by Shivani Kumaresan, Benzinga Staff Writer

October 18, 2021 7:55 AM | 1 min read | Make a Comment

Brunswick Corp's BC division, Freedom Boat Club, has acquired its Freedom Boat Club of Connecticut franchise operation and territory from the current owners for an undisclosed sum.
The deal includes all current Connecticut-based locations and the rights to expand and build new club locations in the territory.
There are seven Freedom Boat Club locations across the Connecticut coastline.
"Through this acquisition and our recent acquisition of the New York territory, we will continue to expand our footprint across the Northeast region and within the largest metropolitan market in the United States," said Cecil Cohn, Freedom Boat Club Network president.
The company held $599.9 million in cash and equivalents as of July 3, 2021.
Price Action: BC shares closed higher by 1.69% at $100.38 on Friday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.