Cobalt Boats is a brand of recreational boats owned by Malibu Boats, Inc., an American boat manufacturer based in Loudon, Tennessee. The company was founded in 1992 and has since grown to become one of the leading manufacturers of luxury powerboats worldwide. Cobalt Boats offers a variety of models including bowriders, cuddies, performance cruisers and runabouts ranging from 19 to 35 feet long.
All models feature upscale interior designs with high-end amenities such as air conditioning, satellite television and surround sound systems. Malibu Boats acquired the Cobalt Boat brand in 2005 and continues to produce top quality boats for their customers today.
Cobalt Boats is one of the most respected names in luxury boat manufacturing. The company offers a wide range of boats from small fishing skiffs to high-end yachts, and they have been built with care and attention by skilled craftsmen since 1969. Cobalt Boals are owned and operated by a family-run business that has been passed down through generations, making them a trusted name when it comes to recreational boating.
With their commitment to quality materials, superior design, and highly trained technicians who build each boat by hand, you can be sure that your Cobalt Boat will provide years of reliable service on the water.
Are Cobalt Boats the Best? Find out why or why not in this Cobalt Boat review
Who Owns Malibu Boats
Malibu Boats, Inc. is an American boat manufacturer based in Merced, California. Founded in 1982 by Robert Alkema and Bob Sax, the company specializes in making watersports-oriented boats for recreational use as well as professional competitions. Malibu produces a wide range of ski and wakeboard boats that are used around the world for pleasure boating and competitions alike.
The company is now owned by a publicly traded company called Correct Craft which purchased it in 2019 from private equity firm Platinum Equity LLC.
Who Purchased Cobalt Boats?
Cobalt Boats was founded by Pack St. Clair in 1960, and it has since grown to become one of the most iconic brands in the world of boating. In 2016, Cobalt Boats was purchased by Malibu Boats Inc., a major leader in aquatic recreation products such as ski boats, wakeboard boats and pontoon boats. With this acquisition, Malibu effectively gained access to Cobalt’s impressive line-up of luxury performance vessels that are known for their superior engineering, craftsmanship and technology.
The purchase included all of Cobalt’s assets including its existing model lines with plans to expand the product offering over time while continuing to provide outstanding customer service backed up with an industry leading warranty program. This move provided both companies with significant opportunities for growth within a highly competitive market segment as they now have more resources available than ever before to design innovative products that will continue setting new standards within the marine industry.
Who is the Ceo of Cobalt Boats?
The CEO of Cobalt Boats is Paxson St. Clair. Mr. St. Clair first joined the company in 2002 as vice president of sales and marketing, eventually working his way up to become president and CEO in 2012. During his tenure at Cobalt Boats, he has overseen a period of tremendous growth for the company, including increasing their global presence to more than 30 countries around the world and launching several new innovative models that have been well-received by consumers across many markets.
Under Mr. St. Clair’s leadership, Cobalt Boats has won numerous awards from both customers and industry professionals alike for its commitment to quality design and craftsmanship, as well as exceptional customer service experience with every purchase or repair job completed at one of its authorized service centers worldwide—a testament to Paxson’s vision for providing boaters with an unforgettable experience on the water!
Why Did Cobalt Sell to Malibu?
Cobalt, a small start-up company that specialized in providing technology services to other businesses, recently announced their sale to Malibu Solutions, a larger software and engineering firm. This unexpected move has left many customers wondering why Cobalt decided to sell. There are several potential reasons why this decision was made.
Firstly, Cobalt may have been looking for access to additional resources in order to expand their operations and reach more markets. By partnering with a larger firm like Malibu Solutions they could gain access to new technologies and better customer service capabilities which would help them grow faster than they could on their own. Additionally, the acquisition also gave them access to Malibu’s established relationships with vendors which may have previously been out of reach for Cobalt.
Finally, it is likely that the sale provided financial stability for both companies; allowing Cobalt founders an opportunity not only profit from the sale but also continue working within the organization as part of its parent company while leveraging Malibu’s expertise and presence in the market going forward.
What Brands Does Malibu Own?
Malibu is a popular spirit brand, owned by Pernod Ricard USA. Malibu offers an array of delightful flavors and products that can take your favorite cocktails to the next level. Some of the brands under the Malibu umbrella include: Malibu rum (white, coconut, pineapple and mango flavored varieties), Parrot Bay (flavored rums inspired by tropical fruits), Island Spice (a unique blend of spices and sweetness) as well as Lemon Hart & Son Rum – one of the oldest continuously produced spiced rums in existence.
With these high-quality options available, it’s easy to find something delicious for any occasion! Whether you’re looking for a light summery cocktail or something more robust with flavor complexity – there’s sure to be something here that will please even the most discerning palate. So explore your options today with Malibu; you won’t regret it!
Conclusion
Overall, Cobalt Boats has come a long way since its founding in 1972. From its modest beginnings as a family-owned business to becoming one of the leading boat manufacturers in North America and Europe, it is clear that Cobalt Boats has achieved great success over the years. With their commitment to providing customers with quality boats and customer service that exceed expectations, it is easy to see why they have become so popular within the boating industry.
As Cobalt Boats continues to grow and expand into new markets, there is no doubt that their reputation for excellence will only increase.
