Iconic Marine Group completed the acquisition of the NauticStar business from MasterCraft Boat.

Iconic Marine Group, a firm revitalizing Fountain, Donzi and Baja boats, completed the acquisition of the NauticStar business, a manufacturer of bay boats, deck boats, and offshore center console boats, from MasterCraft Boat, a firm that designs, manufactures and markets performance sport boats and outboard boats. Financial terms were not disclosed. “The sale of the NauticStar business to Iconic Marine Group will better position MasterCraft to drive profitable growth. I am confident that focusing on our MasterCraft, Crest and Aviara brands will drive enhanced value for MasterCraft shareholders, and that NauticStar will benefit from a new strategic owner dedicated to the future success of the brand. I want to thank NauticStar’s employees, who have a new home at Iconic Marine Group, for their hard work and dedication to quality and craftsmanship for our customers. We wish them success in the future," Fred Brightbill, MasterCraft CEO and Chairman.