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Polaris Industries completes acquisition of Boat Holdings

Polaris Industries Inc. said July 2 that it completed the $805 million acquisition of Indiana-based boatmaker Boat Holdings LLC.

The boatmaking company was owned by the Vogel family, management and private equity firm Balmoral Funds LLC.

Boat Holdings will now operate as a distinct business unit led by CEO Jake Vogel. Boat Holdings' CEO will report to Bob Mack, Polaris' president for global adjacent markets and senior vice president for corporate development and strategy.