Malibu Boats designs and manufactures recreational powerboats sold through independent dealers under nine brand names, including Malibu, Axis, Pursuit, and Cobalt. The company operates four business segments producing performance sport boats, sterndrive and outboard models, and adventure dayboats for activities ranging from water sports like wakeboarding and skiing to general recreational boating and fishing. Founded in 1982 and headquartered in Tennessee, the company serves the recreational boating market.