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TickerBC
SectorAuto - Recreational Vehicles
Mkt cap$5.3B
EV / EBITDA12.2×
PostureHigh Velocity
Composite78/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 14930

Brunswick Corporation

BCHIGH VELOCITYFILING INTENSITY

Brunswick Corporation reads as an High Velocity (composite 78/100); Consistent Strategic Buyer deploying $136M across 3 disclosed transactions, down 89% vs the prior cycle · primary market Automotive, ranked #6 on disclosed spend.

Lens

Disclosed M&A capital (2023–2025)

$136M

−89%

vs $1.2B in 2020–2022

Disclosed transactions

3

+200%

3/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

78

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$5.5B
EBITDA$601M
Enterprise value$7.3B
EV / Revenue1.3×
EV / EBITDA12.2×
P/EN/A
Cash$278M
Total debt$490M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

43/100

Companies actively deploying disclosed capital into M&A

  • $2.9B disclosed buyer spend
  • Filed within 19d

Buyer Cadence

32/100

Buyer-side companies with recent filing activity

  • Filed within 19d
  • 240 8-Ks

Target Probability

20/100

Issuers showing target-side patterns from filings

  • 3 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 3 activism filings

Pressure Watch

17/100

Issuers facing activism, governance, or control pressure

  • 3 activism filings
  • Latest activism 19y ago; heavily discounted

Distress Watch

14/100

Issuers showing financial-distress filing patterns

  • 3 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
78/100

Issuers with the highest filing-activity intensity

  • 240 8-Ks
  • Filed within 19d
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $7.3B
  • 10-Q 19d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $1,139M · Peak count: 2

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/A$200KN/AN/A
20241$32M$32MN/A
20232$104M$52MN/A
20221$94M$94MN/A
2021N/A$1.1BN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    20%
  • Geographic Expansion
    20%
  • Horizontal Consolidation
    20%
  • Tuck In
    20%
  • Technology Acquisition
    20%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • bolt_on
  • geographic_expansion
  • horizontal_consolidation
  • tuck_in
  • technology_acquisition
  • platform
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

During the fourth quarter of 2023, we acquired additional Freedom Boat Club franchise operations and territory rights as well as certain marine assets in the Southeast United States for net cash consideration of $16.0 million.

10-KFY2023

We expect to continue to focus on mergers and acquisitions activity, primarily in our P&A and Business Acceleration business units, including expanding Freedom Boat Club.

10-KFY2021

On September 1, 2023, the Company acquired all of the issued and outstanding shares of Fliteboard Pty Ltd for $87.6 million net cash consideration.

10-KFY2023

The acquisition of Navico accelerates the Company's ACES (Autonomy, Connectivity, Electrification, and Shared access) strategy

10-KFY2021

Benefits from the Company's acquisition strategy, particularly in the Fitness segment

10-KFY2016
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Automotive

Market spend (2023–2025)
$12.1B
Market spend (2020–2022)
$19.2B
Recent vs prior
−37%
Issuer rank in market
#6 of 72
Share of market capital
4.5%

Valuation positioning

12.2×EV / EBITDA

BC trades at a +2.8-turn premium to the Automotive peer median of 9.4×.

EV / Revenue
1.3×
Net debt / EBITDA
0.4×
Peer median EV / EBITDA
9.4×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
14.4×3.9×4.0×$3.7B$2.7B
Brunswick CorporationBC
12.2×1.3×0.4×$5.5B$136M
9.6×0.9×-1.6×$20.7B$42M
9.2×1.0×1.8×$4.2B$159M
8.1×0.5×1.1×$9.9B$14M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Automotive. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)322026-02-13
  • 10-Q (quarterly)1022026-05-07
  • 8-K (event)2402026-04-30
  • Proxy / DEF 14A542026-03-19
  • Activism (13D / DFAN / PREC)32007-04-30

Signals on file

  • elevated

    Activism on file

    2007-04-30

    3 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Brunswick Corporation: Issuer Brief | SE-Cluster