Brunswick Corporation

Brunswick Corporation

Brunswick Corporation

Overview
Date Founded

1845

Headquarters

26125 North Riverwoods Boulevard,Suite 500,Mettawa, IL 60045-4811

Type of Company

Public

Employees (Worldwide)

15.1K

Industries

Industrial Machinery & Manufacturing
Medical Support Services
Other Manufacturing
Other Consumer Durables

Company Description

Today, Brunswick is a market leader in the marine, fitness, and bowling and billiards industries. We have made a commitment to focus our efforts on our core businesses and, as a result, have drawn upon decades of experience to design, build and market world-class recreational products. No company has Brunswick’s breadth and scope in the marine industry. No company rivals Brunswick’s quality and innovation in fitness equipment. And no company possesses Brunswick’s knowledge and heritage in bowling and billiards. As evidenced by our current portfolio of businesses, we are a different company today than we were 165 years, 25 years or even five years ago, and we have an ambitious road before us. Despite our evolution, two fundamentals remain consistent: • Our goal to be the best—and all it entails—in any industry in which we participate. • Our ability to create and unlock value in our varying portfolio of businesses

Contact Data
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Executives & Employees

Chairman & Chief Executive Officer

Senior Vice President & Chief Financial Officer

Vice President, General Counsel & Secretary

Vice President, President-Brunswick Marine Consumer Solutions & Chief Technology Officer

Vice President-Chief Information Officer

Vice President & Chief Human Resources Officer

President-South America-Mercury Marine

President, Boston Whaler

Vice President & Chief Operations Officer, European Boat Group

President, Mercury Marine

Board of Directors

Chairman & Chief Executive Officer at Brunswick Corporation

Executive Chairman at Brunswick Corporation

Former Chief Financial Officer & Executive Vice President at CA Technologies

Former Group President, Worldwide Finishing at Illinois Tool Works, Inc.

Former Chairman, President & Chief Executive Officer at Gartner, Inc.

Former Chief Executive Officer at Johnsonville LLC

Former President, Chief Executive Officer & Director at Snyder's-Lance, Inc.

Director at BNSF Railway Co.

Chairman & Chief Executive Officer at Fallbrook Technologies, Inc.

Former Interim President & Chief Executive Officer at Harsco Corp.

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Owners & Shareholders
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Owl Creek Asset Management seeks to achieve above average returns through a variety of opportunistic event-driven value strategies including: event-driven investing; fundamental, value driven long/short equities; and long/short credit incorporating long distressed investments. Owl Creek evaluates potential investments using bottom-up analysis. For their Flagship and Asia Funds, the firm uses this research to purchase or sell short a variety of financial instruments including, listed and unlisted common stocks, preferred stocks, convertible securities, ADRs, public and private debt issues (including bank loans and trade claims), rights, warrants, put and call options, swaps, forward contracts, when-issued securities and other derivatives, including futures contracts. In addition to investing directly, the funds may invest indirectly, from time-to-time, through special purpose vehicles. Owl Creek may use leverage in connection with the funds' investment programs. Owl Creek may also invest a portion of the funds' assets in registered investment companies, including, ETFs and closed-end funds.Owl Creek's credit funds seek to generate positive absolute returns, while minimizing the risk of loss of principal, through opportunistic investments across the credit spectrum. Owl Creek employs a fundamental, bottom-up value investment approach. The funds focus on various credit-related investment strategies, including distressed, event-driven and long-short investment strategies. The funds seek to exploit the mispricing of securities and other instruments through both long and short positions. The funds invest mainly in bank debt, including revolving credit facilities, bridge financings, debtor-in-possession financings, corporate bonds, including high-yield debt, receivables and trade claims, sovereign debt, and credit default swaps and other credit-related derivatives. The funds may also invest in futures and forward contracts, options, and convertible securities, preferred stock and equities of private and public issuers, as well as ABS, mortgages, loans, and real estate and real estate-related securities.

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TimesSquare Capital Management is a fundamental research-oriented, growth equity investment management firm that specializes in Small-Cap, Small/Mid Cap, Mid-Cap, and concentrated growth equity strategies for institutional investors. The firm seeks build diversified portfolios of growth stocks that generate excellent risk-adjusted returns. Proprietary fundamental research drives their disciplined, bottom-up process of selecting companies that meet their definition of a superior growth business. TimeSquare's investment strategies include: US Small-Cap Growth (market-cap $100 million to $3 billion); US Small/Mid-Cap Growth (market-cap $300 million to $7 billion); US Mid- Cap Growth (market-cap $1.6 billion to $20 billion); US All-Cap Growth; US FOCUS Growth (market-cap $1.5 billion to $30 billion); and International Small-Cap (market-cap $5 billion or less). In general, TimesSquare looks for a targeted range of price appreciation potential generally over a 12 to 18 month investment horizon. The firm may also consider the probability of retaining/widening margins; proportion of recurring revenues; strength of balance sheet; barriers to entry and competitive landscape; management track record; and market visibility.

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Lakewood Capital Management Lakewood employs a fundamental investing approach that seeks to exploit inefficient pricings in equities and fixed income securities. The firm seeks to capitalize on the best risk/reward opportunities across many diverse industries, geographies and securities. Their strategies include Long Equity, Short Equity and Long Fixed Income.Lakewood's long equity positions generally consist of securities they believe have the potential for significant capital appreciation over a multi-year horizon with minimal degree of capital loss. Common themes consist of companies that are out of favor, subject to forced selling or liquidation, complex, undergoing change or uncertainty, misunderstood or underappreciated by the market. Target investments include companies with severe price declines, spin-offs, IPOs, under-followed companies, restructurings, reorganizations and companies with hidden assets.The firm's short equity positions consist of securities Lakewood believes are trading at significant premiums to intrinsic value and are likely to decrease in value in the near to intermediate-term. Lakewood's short equity strategy focuses: companies that are undergoing temporary increases in earnings that the firm believes are being misinterpreted by the market and/or companies with deceptive practices and/or misleading or fraudulent management teams.Lakewood's fixed income positions generally consist of securities in which they can earn attractive cash returns on its investment or establish an attractive post-reorganization equity buy-in price, providing for equity-like returns with a good risk profile. The firm invests in stressed high grade bonds, high yield/distressed bonds, convertible notes/bonds and preferred stock. These positions are typically found in companies that are out of favor, subjected to forced selling or liquidation, undergoing an industry rationalization or fixing their capital structure despite relatively healthy underlying operations.

Recent Transactions
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Brunswick Corporation purchases Power Products LLC /Global Marine & Mobile Bus Div from Power Products LLC

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purchases Brunswick Corp. /Fitness Ops from Brunswick Corporation

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Brunswick Corporation purchases Lankhorst Taselaar BV

Transaction Clients
Investment Advisor

Advised on Cephalon, Inc. purchases Mepha AG from Mepha Holding AG

Investment Advisor

Advised on Bertelsmann SE & Co. KGaA, KKR & Co., Inc., BMG RM Investments Luxembourg SARL purchase Chrysalis Ltd.

Public Relations

Advised on Cobham Plc purchases Aeroflex Holding Corp.

Insider Transactions
Details Hidden
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Transaction Advisors
Accountant

Advised onBrunswick Corporation purchases Aluminum Boat Cos Of Genmar Holdings, Inc. from Genmar Holdings, Inc.

Accountant

Advised onBrunswick Corporation purchases Life Fitness, Inc. from Peter Mancuso & Co.

Legal Advisor

Advised onBrunswick Corporation purchases Power Products LLC /Global Marine & Mobile Bus Div from Power Products LLC

Associate

Advised onBowlmor AMF Corp., AMF Bowling Centers, Inc. purchase Brunswick Corp. /Retail Bowling Business from Brunswick Corporation

Legal Advisor

Advised on purchases Brunswick Corporation

Legal Advisor

Advised onBowlmor AMF Corp., AMF Bowling Centers, Inc. purchase Brunswick Corp. /Retail Bowling Business from Brunswick Corporation

Advisors & Consultants
Advisor

Former Chairman & Chief Executive Officer at Brunswick Corporation

Advisor

Executive Vice President of Public & Animal Health at Central Garden & Pet Co.

Legal Advisor

Partner at Faegre Baker Daniels LLP

Clients

Town Sports International Holdings, Inc. engages in the operation of sports clubs in the Northeast and Mid-Atlantic regions of the U.S. It operates through the Clubs and BFX Studio segments. The Clubs segment comprised clubs under the NYSC, BSC, PSC and WSC brand names.Its locations offer a group exercise and fitness programs, racquet sports, pools, basketball courts and other recreational activities. The company was founded in 1973 and is headquartered in New York, NY.

Marine Products Corp. engages in the manufacture and market of fiberglass motorized boats and distributed through its independent dealer network. It manufactures Chaparral sterndrive pleasure boats including H2O sport and fish & ski boats, SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex jet boats and Robalo outboard sport fishing boats. The company was founded on February 28, 2001 and is headquartered in Atlanta, GA.

MarineMax, Inc. engages in the provision of boating-related activities. The firm sells used and new sport boats, sport cruisers, sport yachts, and fishing boats through retail stores. It also provides maintenance, repair, slip, and storage services. The company was founded in January 1998 and is headquartered in Clearwater, FL.

Key Stats and Financials As of 2017
Market Capitalization
$5.91B
Total Enterprise Value
$4.95B
Earnings Per Share
$1.62
Revenue
$4.51B
Enterprise Value Sales
1.1x
TEVNet Income
33.84x
Debt TEV
0.09x
Total Debt
$437M
Total Equity
$1.48B
Net Profit
$146M
Enterprise Value EBITDAOperating
8.11x
EBITDAMargin
13.54%
EBITDA
$611M
Three Year Compounded Annual Growth Rate Of Revenue
5.52%
Five Year Compounded Annual Growth Rate Of Revenue
3.94%
Political Donations
Investments
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Angler Labs, Inc. develops and operates software platform for fishing log book. Its application helps anglers to track, store, and analyze their fishing trips, as well as share and receive information in a community of anglers. The company was founded by Nicholas Wilson, Landon L. Bloomer and TJ Corbett and is headquartered in Allison Park, PA.

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Boatbound, Inc. operates a marketplace for boat rentals. It offers fishing, celebrating, sailing, watersports and cruising. The company was founded by Aaron Hall, Sara Morgan and Matt Johnston in July 2012 and is headquartered in Seattle, WA.

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Olympic Boat Centers, Inc. operates boat dealerships. It offers deckboats, cruisers, fishing boats, yachts, pre-owned boats, and bow riders. The company also offers boat repair services. It markets Bayliner, Maxum, Meridian and Trophy brand boats. Olympic Boat Centers was founded in 1955 and is headquartered in Bellingham, WA.

Suppliers
Orbital Corp. Ltd. Auto Parts & Tires | Balcatta, WA

Orbital Corp. Ltd. provides engine and vehicle technologies and alternative fuel solutions. It operates through four business segments: System Sales, Synerject, Consulting Services and Royalties & Licences. The System Sales segment develops and supplies engines, propulsion systems, engine management systems and fuel system components for original equipment manufacturers and the motor vehicle aftermarket and also operates in alternative fuel markets and provides systems that range from heavy fuels for unmanned aerial vehicles to liquid propane gas for motor vehicles. The Synerject segment supplies engine management systems and fuel systems to the non-automotive market. The Consulting Services segment provides engineering consulting services in engine design, development and supply of combustion systems, fuel and engine management systems, along with engine and vehicle testing and certification. The Royalties & Licences segment earns licensing and royalty from production using its FlexDITM systems and technology. The company was founded in 1972 and is headquartered in Balcatta, Australia.

Aleris Corp. Holding Companies | Cleveland, OH

Aleris Corp. manufactures and sales of aluminum rolled and extruded products. It offers plate, and sheet and coil in automotive, building and construction, transportation and consumer durables industries through both manufacturers and as a supplier to metal distributors. The company was founded in 2004 and is headquartered in Cleveland, OH.

Akzo Nobel NV Chemicals | Amsterdam, NH

Akzo Nobel NV is a holding company that engages in the manufacture and sale of coating and paint products. It operates through the following segments: Decorative Paints, Performance Coatings, and Specialty Chemicals. The Decorative Paints segment manufactures and supplies a range of interior and exterior decoration and protection products for professional and do-it-yourself markets. The Performance Coatings segment produces automotive and aerospace; industrial; marine and protective; and powder coatings. The Specialty Chemicals segment manufactures functional, industrial, and pulp and performance chemicals. The company was founded in 1994 and is headquartered in Amsterdam, Netherlands.

Competitors
Hyundai Motor Co., Ltd. Automobiles - Seoul, SL

Hyundai Motor Co., Ltd. engages in the manufacture and distribution of motor vehicles and parts. It operates through the following business areas: Vehicle, Financial and Others. The Vehicle division offers motor vehicles. The Financial division provides financing, leasing and credit cards. The Other division includes manufacture of railways. The company was founded on December 29, 1967 and is headquartered in Seoul, South Korea.

Berkshire Hathaway, Inc. Other Insurance Services - Omaha, NE

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, General Re, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC, Berkshire Hathaway Energy, McLane Company, Manufacturing, Service and Retailing, and Finance and Financial products. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The General Re offers underwriting excess-of-loss, quota-share, and facultative reinsurance. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share reinsurance for insurers and reinsurers. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and domestic real estate brokerage and brokerage franchisor. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment involves providing fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and retailing. The Finance and Financial Products segment includes manufactured housing and consumer financing; transportation equipment, manufacturing and leasing; and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

BRP, Inc. Automobiles - Valcourt, QC

BRP, Inc. is a holding company which engages in the design, development, manufacture, and distribution of power sports vehicles and propulsion systems. It offers snowmobiles, watercrafts, off-road vehicles, and outboard engines. It distributes under the following brands: Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, and Can-Am Spyder. The company was founded on May 1, 2003 and is headquartered in Valcourt, Canada.

Awards & Honors
Rank #578
2016
Fortune Magazine - Fortune 1000 Companies
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