14 • January 2026 • Powersports Business

BRP Inc. has confirmed that Australia’ s competition watchdog has blocked its proposed sale of Telwater Pty Ltd. to Yamaha Motor Australia, keeping the Australian boat builder under BRP ownership for the foreseeable future.

The Australian Competition and Consumer Commission( ACCC) opposed the transaction, which would have seen Telwater

— one of Australia’ s largest aluminum boat manufacturers— move to Yamaha control. BRP said it is reviewing the decision and evaluating its options to determine next steps.

In the meantime, BRP will continue to own and operate Telwater, emphasizing that the business remains profitable and well-positioned in the Australian marine market. The company also stressed that the ACCC ruling will not impact BRP’ s fiscal 2026 financial guidance.

Telwater markets several well-known Australian boat brands and serves a broad dealer network across the region. BRP said it remains committed to delivering reliable products to Australian consumers while it assesses potential paths forward following the regulator’ s decision.

Australia’ s ACCC watchdog has blocked the proposed sale of Telwater to Yamaha Motor Australia, keeping the Australian boat builder under BRP ownership for the foreseeable future.( Photo: Telwater / Boating Industry)

Patrick Industries has completed the acquisitions of Quality Engineered Services( QES) and Egis Group, LLC, according to reporting from Boating Industry.

QES, located in Syracuse, Indiana, manufactures wire harnesses and electrical systems for the marine and RV industries. Egis, based in Bellingham, Washington, develops engineered electrical components and system-level solutions for marine and specialty vehicle applications, offering terminal blocks, battery fuses, circuit breakers, flex relays and power distribution modules.

Patrick shared that combined revenue for QES and Egis on a trailing 12−month basis through November 2025 was approximately $ 39 million.

“ These acquisitions further advance Patrick’ s long-term strategy to develop an innovative and custom suite of component solutions for OEMs in the outdoor enthusiast space and the aftermarket, while expanding our capabilities across wiring, engineered electrical components and system-level integration,” says Jake Petkovich, president of marine at Patrick.“ Further, QES is strategically located near several major pontoon and RV OEMs, and Egis expands the breadth and depth of Patrick’ s engineering talent and capabilities. Together with the scale and focus in our existing businesses, both businesses enable us to deliver a more complete end-toend solution and a deeper level of service for our customers.”

Consistent with the company’ s other acquisitions, QES and Egis will continue to operate under their existing brand names and within their current facilities.

Patrick Industries has completed the acquisitions of Quality Engineered Services and Egis Group, LLC, according to reporting from Boating Industry.