Off-road vehicle and boat maker Massimo Group plans to expand its Garland manufacturing facility by 90,000 square feet, or nearly a third.
“This expansion is a timely project concurrent with the growth of both our motor and marine verticals as we ramp up our production to support increased sales,” CEO David Shan said in a statement. “We continue to experience sales momentum across UTVs, ATVs, and electric bikes as well as pontoon boats.”
Its facility is currently 286,000 square feet. With the expansion, about 69% of the facility will be dedicated to Massimo Motor Sports and around 26% to Massimo Marine.
The company said it saw increased demand for motorsport products, including 2023 revenue growth of 32% for its utility task vehicles, all-terrain vehicles and electric bikes and 38% for its pontoon boats. Their expansion will also open Massimo Group to potential new products, Chan said.
In February, the company went public and announced plans for growth. By April, it had sold 1.3 million shares priced at $4.50, raising nearly $6 million. Founded in 2009, Massimo Group has 126 full-time employees and a market value around $165 million. The company reported first-quarter revenue of $30.2 million, a 60% increase from 2023′s first-quarter revenue of $18.8 million.
Massimo Group’s makes motorcycles, scooters, golf carts, go-karts, motor boats and other products. The company is also developing a range of electric products, including UTVs, golf carts and pontoon boats.
The Garland facility is next to a seven-acre storage area for boats in Dallas and serves as the company’s hub for pontoon boat manufacturing and packaging ATVs and UTVs, according to the company. The facility includes a design center, more than 30 loading docks and two assembly lines.
Most of Massimo Group’s inventory is imported directly to the Garland location, where it undergoes assembly, accessorizing and inspection before shipment, according to a news release. Pontoon boats are wholly manufactured at the Garland facility.
Earlier this year, Chan said the company aims to add distribution centers in California and the Southeast, with plans to expand hiring, marketing, research, development and assembly.
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