Jake Gyllenhaal is attached to star in and produce Cut & Run, a heist thriller from Brian Oliver and Bradley Fischer’s New Republic.

John Glenn (Eagle Eye, Law Abiding Citizen) is behind the spec script, which was picked up in a competitive situation by New Republic. The logline for the project reads: “A group of thieves using high-powered speedboats to rob superyachts steal the wrong thing from the wrong group of people.”

Gyllenhaal will produce through his Nine Stories Productions, along with Oliver, Fischer and Glenn.

Cut & Run is the latest partnership for Gyllenhaal and New Republic, having worked together on the upcoming Universal title Ambulance, directed by Michael Bay. New Republic and Nine Stories are also teaming up on an adaptation of Robert Kirkman’s graphic novel Oblivion Song.