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Marine Resources 2022 - LEADERBOARD

OneWater Marine Inc. completes the aquisition of T-H Marine

by OneWater Marine 4 Dec 2021 22:09 PST
OneWater Marine Inc. updates on its business operations © OneWater Marine Inc

OneWater Marine Inc. (NASDAQ: ONEW) ("OneWater" or the "Company") has announced that it has completed the previously announced acquisition of T-H Marine, a leading provider of branded marine parts and accessories.

OneWater expects that the acquisition will significantly expand the Company's presence in the parts and accessories sector. The transaction is expected to more than double the annual revenue of OneWater's current business in the space.

"We couldn't be more excited to welcome Jeff Huntley Sr. and his team into the OneWater family. This transaction meaningfully advances OneWater's strategic growth and diversification strategy and is expected to materially expand our addressable market in the parts and accessories business. T-H Marine will serve as an additional platform for growth with its strong pipeline in both product development and its own acquisition strategy, led by an experienced and capable team. With T-H Marine, we can now provide a more complete offering to our customers while continuing to drive growth and unlocking value for our shareholders," said Austin Singleton, Chief Executive Officer for OneWater.

For more information visit www.onewatermarine.com.

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