Charlesbank invests in MasterCraft Boat

Charlesbank Capital Partners LLC and another investment firm announced today that they have partnered with the management of the MasterCraft Boat Co. to buy the company for an undisclosed amount.

Charlesbank Capital is a private equity with offices in Boston and New York; the other investment firm is Transportation Resource Partners, which has locations in Michigan and New Jersey.

Tennessee-based MasterCraft is a builder of water ski, wakeboard, and luxury performance powerboats.
(By Chris Reidy, Globe staff)