. for other uses see mastercraft disambiguation . this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . january 2016 learn how and when to remove this template message mastercraft boats mastercraft boat company brand shield logo type public industry vessels vessel parts and supplies founded 1968 headquarters vonore tennessee us key people terry mcnew president & ceo tim oxley cfo david kirkland cio shane chittum coo jay povlin vp of sales & marketing jason boertje director of marketing phil walker ebusiness director products xseries prostar and nxt boat brands number of employees 500 2014 website mastercraft.com mastercraft is a united states based manufacturer of luxury high performance boats that was founded in 1968 and is currently headquartered in vonore tennessee . 1 mastercraft boats are the most popular and recognized brand for use in waterskiing wakeboarding and wakesurfing though the company has also produced several boats that are not focused on water sports . history edit mastercraft was founded when the owners decided to start making their own boats . the owners took a ski nautique manufactured by correct craft hung it from a tree and cut off the back of the hull in order to modify it to their preferences . the company s first ski boat was built in 1968 in a two horse barn on a farm in maryville tennessee . during its first year of operation mastercraft only built 12 boats using the modified hull design . mastercraft eventually became recognized as a force in the tournament ski boat industry . the operating facility was moved to vonore tennessee and now employs 591 mastercraftsmen . as of 2006 mastercraft produced over 3 000 boats per year sold in 25 different countries by over 100 domestic and international dealers making it by far the largest producer of inboard ski wakeboard and luxury performance powerboats in the world . some of its most popular boats today are the prostar series of direct drive ski boats and the x series wakeboard boats many of which share hulls with the prostar series but come equipped with wakeboard specific features such as ballast tanks and a wakeboard tower . all mastercraft models use ilmor inboard marine engines built on the general motors 5.7 6.0 6.2 and 7.4 liter v8 engine blocks . in 2007 the company was acquired by two private equity firms charlesbank capital partners and transportation resource partners affiliated with roger penske . in 2010 the company was recapitalized by wayzata investment partners . 2 in 2010 mastercraft announced it was partnering exclusively with one of the world s best high performance engineering companies ilmor marine engines for its power train needs . in 2011 mastercraft and ilmor marine unveiled all new ilmor 7.4 l engine a naturally aspirated engine that is more powerful more efficient and more dependable than any other offering on the inboard market including supercharged engines . in may 2015 mastercraft filed for an ipo to raise 100m . 3 on july 17 2015 nasdaq announced that trading of mcbc holdings inc. operator of mastercraft boat company commenced on the nasdaq stock market trading as nasdaq mcft . 4 mastercraft references edit history . mastercraft . mastercraft plan avoids bankruptcy filing . tradeonlytoday . on a boat mastercraft files for a 100 million ipo . nasdaq.com . 1 may 2015 . today s stock market news and analysis nasdaq.com . nasdaq.com . external links edit http www.mastercraft.com retrieved from https en.wikipedia.org w index.php title mastercraft & oldid 723606647 categories manufacturing companies based in tennesseeamerican boat builderscompanies established in 1968private equity portfolio companieshidden categories articles needing additional references from january 2016all articles needing additional references navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutschfran aisnederlands edit links this page was last modified on 4 june 2016 at 01 32 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view