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Maritimo 2022Mar - S75 LEADERBOARD

OneWater Marine Inc. completes the acquisition of Denison Yachting

by OneWater Marine 5 Apr 17:45 PDT
OneWater Marine Inc. updates on its business operations © OneWater Marine Inc

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.

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