OneWater Marine Acquires Harbor View Marine To Expand Gulf Coast Presence

• OneWater Marine Inc (NASDAQ: ONEW) has signed a definitive agreement to acquire Harbor View Marine, one of the Gulf Coast's largest locally owned dealerships. The financial terms were not disclosed.

• Harbor View Marine is a family-owned and operated business offering brands such as NauticStar, Jeanneau, G3, and Bayliner.

• The acquisition will further expand the company's footprint on the Gulf Coast and is expected to enhance new and pre-owned boat sales, finance, and parts and services offerings.

• The transaction is expected to close in the first quarter of fiscal 2023.

• In addition to new and used boat sales, Harbor View Marine offers service and repair from certified technicians, parts and accessories, hi/dry boat storage, and a boat club to Gulf Coast boaters.

• Harbor View Marine generated approximately $21 million in sales over the past twelve months.

• OneWater held $95.7 million in cash and equivalents as of June 30, 2022.

• "OneWater's focus on strategic growth remains steadfast and parallels our customers' desire to explore new products and brands," said CEO Austin Singleton.

• Price Action: ONEW shares are trading higher by 1.97% at $30.58 on the last check Tuesday.

• Photo Via Company

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