Leisure products company Brunswick Corp. announced May 17 that it will acquire Freedom Boat Club for an undisclosed amount.
Brunswick said the purchase will enable the company to strengthen its position in the boat club segment since Freedom Boat Club, or FBC, is the market's largest operator.
FBC provides over 20,000 members with access to nearly 2,200 boats at 170 locations across the U.S., Canada and Europe. It will become part of Brunswick's business acceleration group after the transaction.
The deal is expected to close in the second quarter of 2019, subject to customary closing conditions.