Business
OneWater Marine Inc. Completes the Acquisition of Denison Yachting
Further advances growth and diversification strategy with leading superyacht dealer BUFORD, Ga., April 05, 2022 (GLOBE NEWSWIRE) -- OneWater Marine Inc.
About this update from Onewater Marine Inc.
[{"type":"text","content":"Further advances growth and diversification strategy with leading superyacht dealer\nBUFORD, Ga., April 05, 2022 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) announced today that it has completed the previously announced acquisition of Denison Yachting. The transaction expands the Company’s presence in the superyacht category and ancillary yacht service offerings, in addition to yacht brokerage and new boat sales. Denison has ranked #1 in superyacht sales for three consecutive years, per Boat International’s BOATPRO database of the superyacht market. Further, Denison’s yacht charter and yacht management services, including its crew placement division, have experienced record growth since 2019. “Denison Yachting is another outstanding addition to our impressive list of strategic acquisitions, significantly bolstering our product portfolio and customer reach. Bob Denison and his team have earned every ounce of their reputation as the worldwide leader in superyacht sales, and we are excited to have them aboard. We look forward to utilizing our combined strength to capitalize on robust demand, while also elevating our leadership position for years to come,” said Austin Singleton, Chief Executive Officer for OneWater. About OneWater Marine Inc. OneWater Marine Inc. is one of the largest and fastest-growing premium marine retailers in the United States. OneWater operates a total of 96 retail locations, 10 distribution centers/warehouses and multiple online marketplaces in 20 different states, several of which are in the top twenty states for marine retail expenditures. OneWater offers a broad range of products and services and has diversified revenue streams, which include the sale of new and pre-owned boats, finance and insurance products, parts and accessories, maintenance, repair and other services. Investor or Media Contact:Jack EzzellChief Financial [email protected] Cautionary Statement Concerning Forward-Looking Statements This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including regarding our strategy, future operations, financial position, prospects, plans and objectives of management, growth rate and its expectations regarding future revenue, operating income or loss or earnings or loss ...