OneWater Marine completes the acquisition of Tom George Yacht Group
by OneWater Marine 8 Dec 2020 14:16 PST
OneWater Marine Inc. announced today that it has completed the previously announced acquisition of Tom George Yacht Group ("TGYG"). TGYG enhances the Company's presence on the west coast of Florida and expands new and pre-owned boat sales, as well as yacht brokerage and service and parts.
"We are excited to have resumed our successful acquisition strategy with the addition of TGYG. Since 2014, we have successfully acquired 40 retail locations. TGYG marks our first since going public in early fiscal year 2020, and is one of the largest acquisitions in our history.
"We have a strong track record delivering operational synergies and fueling margin expansion by working collaboratively with our dealers, and TGYG will be no different. We look forward to updating you on our efforts going forward," said Austin Singleton, Chief Executive Officer of OneWater.
www.onewatermarine.com
OneWater Marine Inc. is one of the largest and fastest-growing premium recreational boat retailers in the United States. OneWater operates 63 stores throughout 10 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.