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T&H advises Intrepid Powerboats on sale to JDG Undaunted

Tully & Holland has acted exclusive financial adviser to Undaunted Holdings, d/b/a Intrepid Powerboats, in its sale to JDG Undaunted, a newly formed company of JDG Capital.

Intrepid Powerboats, a portfolio company of Boston, MA-based private equity firm, Fulham & Co, is a designer, manufacturer and marketer of high performance, luxury outboard powerboats.
 
JDG Capital, a Texas-based private investment firm, targets controlling interest investments in middle-market enterprises.   
 
Intrepid Powerboats’ customer base includes wealthy individuals, professional athletes, Middle Eastern royalty, and well-known entertainment figures.
 
Intrepid Powerboats will continue to be led by the existing management team.
 
"Fulham & Co. wished to preserve the company's culture and professionalism, as well as its excellent management team, and believed leaving the company in the hands of JDG Capital was an excellent choice,” says Tim Tully, president of Tully & Holland.
 
JDG Capital is led by David Gillikin, the former CEO and equity partner of Cummins Southern Plains, the world's largest and most profitable distributor for Cummins, Inc. 

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