The Forza racing video games series has a new addition that was just released at the end of last month, as Forza Horizon 3 is now available for the Xbox One console, and the good news for off-road enthusiasts is there is quite four-wheeling action in the new game.
Polaris Industries Inc. just announced this morning that it has agreed to purchase Transamerican Auto Parts Company (“TAP”), a privately held, vertically integrated manufacturer, distributor, retailer and installer of off-road Jeep and truck accessories, for $665 million. In a press release sent out this morning, Polaris notes the purchase price implies “a multiple of approximately 9.0 times TAP’s EBITDA for the 12 months ended September 30, 2016.”
TAP sells and installs an extensive line of accessories for Jeep and truck enthusiasts, including products manufactured under its seven aftermarket brands that include Pro Comp, Rubicon Express, Smittybilt, Poison Spyder, G2, LRG and Trail Master. Transamerican Auto Parts is the largest retailer and installer in the North American market, selling through its own retail and on-line network while also supporting numerous independent accessory retailers/installers. In the last year, ending September 30, 2016, TAP has generated approximately $740 million in sales.
Polaris employees and Polaris riders worldwide are celebrating the life and mourning the passing of one of the company’s co-founders, David Johnson. He passed away yesterday in Roseau, Minn., after an extended illness. He was 93 years old.
READING, Pa., – EnerSys recently announced that action sports legend Brian Deegan and daughter Hailie Deegan both will drive an ODYSSEY battery sponsored Polaris RZR UTV, in their respective classes, during the 50th anniversary of Haydays Grass Drags.
Minneapolis – Polaris RZR continues to show sheer dominance in the Best in the Desert Racing Series (BITD), winning 11 of the top 12 Pro UTV finishes and the top two overall in the General Tire “Vegas to Reno” The Long Way presented by FOX.
CRANDON, WISC. — Living up to its “Big House” nickname, Crandon International Raceway today announced the largest single-day cash and prize purse in short-course off-road racing history as it prepares to host its Labor Day weekend Off-Road World Championships and new Crandon World Cup.
MINNEAPOLIS – Polaris Industries (NYSE: PII) is issuing a stop-ride/stop-sale advisory, pending a formal recall, for MY2016 RZR Turbo off-road vehicles, due to a potential fire hazard.
Polaris RANGER is the industry’s No.1-selling utility vehicle (UTV) lineup, offering the hardest working and smoothest riding family of vehicles for hunting, farming, trails and mud. The Model Year 2017 lineup continues to offer more innovation with new features and models across every price point and consumer application.
Full-Size & CREW Models
The Polaris GENERAL set a new standard in off-road comfort and refinement – built to work hard and play harder – when it was introduced this past November. With class-leading features needed to tackle the trails and a work ethic to handle tough jobs, the Polaris GENERAL has become one of the hottest side-by-side offerings on the market.