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November 17, 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, Inc. 
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. For further information on the Intrepid Powerboat transaction or the firm, please contact Tim Tully at ttully@tullyandholland.com   or Chris Kampe at  ckampe@tullyandholland.com .

Tully & Holland, Inc.
Investment Banking for Consumer Product Companies
Serving Food Companies, Direct Marketers, Retailers, Manufacturers & Distributors
(781) 239-2900