Business
OneWater Marine Inc. Completes the Acquisition of Quality Boats
Solidifies leadership position on west coast of Florida BUFORD, Ga., Jan. 06, 2022 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the
About this update from Onewater Marine Inc.
[{"type":"text","content":"Solidifies leadership position on west coast of Florida\nBUFORD, Ga., Jan. 06, 2022 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) announced today that it has completed the previously announced acquisition of a majority interest in Quality Boats, recognized as a top dealer in customer satisfaction. The transaction expands the Company’s presence on the west coast of Florida and is expected to be immediately accretive, enhancing new and pre-owned boats and parts and service offerings. “We are thrilled to welcome Dave and Dan Bair and the rest of the Quality Boats team into the OneWater family. It is no secret that Quality Boats is an award-winning name with a reputation that spans across the industry. With four locations nestled in one of the most attractive boating markets in the country, the sky is the limit with our new partnership. The transaction provides OneWater with a significant opportunity to expand additional offerings to Quality Boats’ large and loyal customer base,” said Austin Singleton, Chief Executive Officer for OneWater. About OneWater Marine Inc. OneWater Marine Inc. is one of the largest and fastest-growing premium recreational boat retailers in the United States. OneWater operates 75 stores throughout 11 different states, eight 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, parts and accessories, finance and insurance products, maintenance and repair services and ancillary services such as boat storage. 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 per share. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “will be,” “will likely result,” “should,” “expects,” “plans,” “anticipates,” “could,” “would,” “f...