Tully & Holland Advises Intrepid Powerboats in its Sale to JDG Undaunted Holdings, LLC, a newly formed company of JDG Capital.

WELLESLEY, Mass., October 21, 2016 - Tully & Holland, Inc. is pleased to announce its role as exclusive financial advisor to Undaunted Holdings, Inc. d/b/a Intrepid Powerboats, in its sale to JDG Undaunted, LLC, a newly formed company of JDG Capital. Intrepid Powerboats, a portfolio company of Boston, MA-based private equity firm, Fulham & Co., is a leading 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 www.intrepidboats.com is one of the largest and strongest brand names in the industry having built a reputation for innovation in customized features, performance, luxurious comfort and safety. Founded in 1983, Intrepid maintains its position as a pre-eminent boat builder through its design, engineering, and proprietary manufacturing techniques. The hallmarks of an Intrepid boat are speed, luxury, comfort, seaworthiness, and versatility. Its A-list 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, Inc. JDG Capital is led by David Gillikin, the former CEO and equity partner of Cummins Southern Plains, LLC, the world's largest and most profitable distributor for Cummins, Inc. (NYSE:CMI). 

About Fulham & Co.
Since 1984, Fulham & Co. www.fulhamco.com has invested in companies that sell highly-engineered, commercial products and have established a dominant position within a niche market. The partners' operating experience enables a collaborative business approach offering tools and advice to the management teams.  With approximately $280 million under management, Fulham & Co. has successfully completed more than 35 transactions since its founding. 

About Tully & Holland
Tully & Holland www.tullyandholland.com is a leading Boston, MA-based investment bank established in 1992. The firm provides corporate finance and mergers & acquisitions advisory services to middle market consumer product companies. Tully & Holland has particular expertise representing food & beverage companies, multi-channel marketers, retailers, and consumer product manufacturers and distributors.