BRP principal shareholder completes C$136 million secondary offering

BRP Inc. (TSX: DOO) (NASDAQ: DOOO) announced the completion of a secondary offering in which principal shareholder Bain Capital Integral Investors II, L.P. sold 1,500,000 subordinate voting shares at C$90.71 per share.

The transaction generated gross proceeds of C$136,065,000 for the selling shareholder. BRP did not receive any proceeds from the offering, according to a company statement.

BMO Capital Markets served as the underwriter for the offering, which did not include an over-allotment option. The shares were offered through a prospectus supplement dated September 10, 2025, filed with Canadian securities authorities and the U.S. Securities and Exchange Commission.

Following the transaction's completion, Bain and its affiliates retain ownership of 10,496,629 multiple voting shares of BRP, representing approximately 14.35% of the company's issued and outstanding shares and approximately 24.39% of total voting power.

BRP operates as a manufacturer of powersports products, propulsion systems and boats. The company's brands include Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am vehicles, Quintrex boats and Rotax engines. The Quebec-based company reported annual sales of $7.8 billion as of January 31, 2025, with operations in over 130 countries and approximately 16,500 employees.

BRP's subordinate voting shares trade on the Toronto Stock Exchange under the symbol "DOO" and on the Nasdaq Global Select Market under "DOOO."

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