VRA Partners Advises Invincible Boat Company on its Majority Recapitalization with EagleTree Capital

VRA Partners, LLC is pleased to announce that Invincible Boat Company, Inc. ("Invincible" or the "Company"), a premium high-performance saltwater fishing boat brand, has completed a majority recapitalization with EagleTree Capital. The Company's founder, Alex Lipworth, will continue to guide product development, serve on the Company's board of directors, and retain a significant stake in the Company. VRA Partners acted as the exclusive financial advisor to Invincible. Terms of the transaction were not disclosed.

Since its inception in 2006, Invincible quickly gained recognition as the highest performing and best built brand in the market. The Company's current product portfolio includes eight semi-custom models ranging from 33' to 42' in both monohull and catamaran designs. Invincible's boats are manufactured in-house at its Miami-based facility and sold through a network of dealers along the Gulf and Atlantic coasts, as well as directly from its Miami headquarters. With the infusion of new capital and resources, Invincible plans to accelerate growth by continuing to invest in new product development, expand its manufacturing capacity and further enhance its customer experience and dealer support systems.

EagleTree Capital, formerly Wasserstein Partners, is a New York based private equity and investment firm. It manages capital on behalf of global institutional and individual investors. EagleTree's private equity funds invest primarily in the media and business services, consumer, and water and specialty industrial sectors. For more information, visit www.eagletree.com.

VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to leading middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have transaction experience across a broad range of industry sectors, including consumer and retail, business services, healthcare services and technology, industrial products and services, and technology and communications. VRA Partners, LLC is a Member FINRA/SIPC.

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Chris Reilly, Managing Director