OneWater Marine Inc. Announces Acquisition of American Yacht Group
OneWater Marine Inc. (NASDAQ: ONEW) has completed the acquisition of American Yacht Group, expanding its presence in the Southeastern U.S. The acquisition includes two retail locations in Fort Lauderdale and Jupiter, Florida, and exclusive dealership rights for HCB Yachts in Alabama, Florida, New York, and North Carolina.
American Yacht Group, which generated approximately $75 million in sales in 2024, is the premier destination for HCB Yachts in South Florida. The strategic transaction enhances OneWater's premium yacht offerings and strengthens its position in the luxury marine market, while expanding its new and pre-owned boat sales, finance and insurance, and parts and services offerings.
OneWater Marine Inc. (NASDAQ: ONEW) ha completato l'acquisizione di American Yacht Group, ampliando la sua presenza nel sud-est degli Stati Uniti. L'acquisizione include due punti vendita a Fort Lauderdale e Jupiter, Florida, e i diritti di concessionario esclusivo per HCB Yachts in Alabama, Florida, New York e Carolina del Nord.
American Yacht Group, che ha generato circa 75 milioni di dollari di vendite nel 2024, è la principale destinazione per HCB Yachts nel sud della Florida. Questa transazione strategica arricchisce l'offerta di yacht di alta gamma di OneWater e rafforza la sua posizione nel mercato marino di lusso, ampliando le vendite di barche nuove e usate, finanziamenti e assicurazioni, oltre a parti e servizi.
OneWater Marine Inc. (NASDAQ: ONEW) ha completado la adquisición de American Yacht Group, ampliando su presencia en el sureste de Estados Unidos. La adquisición incluye dos ubicaciones minoristas en Fort Lauderdale y Jupiter, Florida, y derechos de concesionario exclusivo para HCB Yachts en Alabama, Florida, Nueva York y Carolina del Norte.
American Yacht Group, que generó aproximadamente 75 millones de dólares en ventas en 2024, es el destino principal para HCB Yachts en el sur de Florida. Esta transacción estratégica mejora la oferta de yates premium de OneWater y fortalece su posición en el mercado marino de lujo, mientras amplía sus ventas de barcos nuevos y de segunda mano, financiamiento y seguros, así como piezas y servicios.
OneWater Marine Inc. (NASDAQ: ONEW)가 American Yacht Group을 인수하여 미국 동남부 지역에서의 입지를 확대하였습니다. 이번 인수는 플로리다주 포트 로더데일과 주피터에 두 개의 소매 지점을 포함하며, 알라바마, 플로리다, 뉴욕, 노스캐롤라이나에서 HCB Yachts의 독점 딜러 자격을 포함합니다.
2024년에 약 7,500만 달러의 매출을 올린 American Yacht Group은 남부 플로리다에서 HCB Yachts의 주요 목적지입니다. 이번 전략적 거래는 OneWater의 프리미엄 요트 제공을 강화하고 고급 해양 시장에서의 입지를 더욱 확고히 하며, 신규 및 중고 보트 판매, 재정 및 보험, 부품 및 서비스 제공을 확장합니다.
OneWater Marine Inc. (NASDAQ: ONEW) a finalisé l'acquisition de American Yacht Group, élargissant ainsi sa présence dans le sud-est des États-Unis. L'acquisition comprend deux points de vente à Fort Lauderdale et Jupiter, en Floride, ainsi que des droits de concession exclusifs pour HCB Yachts en Alabama, en Floride, à New York et en Caroline du Nord.
American Yacht Group, qui a généré environ 75 millions de dollars de ventes en 2024, est la destination phare pour HCB Yachts dans le sud de la Floride. Cette transaction stratégique renforce l'offre de yachts haut de gamme de OneWater et consolide sa position sur le marché maritime de luxe, tout en élargissant ses ventes de bateaux neufs et d'occasion, de financement et d'assurances, ainsi que ses services de pièces et d'assistance.
OneWater Marine Inc. (NASDAQ: ONEW) hat die Übernahme von American Yacht Group abgeschlossen und dadurch seine Präsenz im Südosten der USA ausgeweitet. Die Übernahme umfasst zwei Einzelhandelsstandorte in Fort Lauderdale und Jupiter, Florida, sowie exklusive Händlerrechte für HCB Yachts in Alabama, Florida, New York und North Carolina.
American Yacht Group, das im Jahr 2024 etwa 75 Millionen Dollar Umsatz erzielte, ist das führende Ziel für HCB Yachts in Südflorida. Diese strategische Transaktion verbessert das Angebot an Premium-Yachten von OneWater und stärkt seine Position im Markt für Luxusmarine, während die Verkäufe von neuen und gebrauchten Booten sowie Finanzierungs- und Versicherungsdienstleistungen und Teile und Serviceleistungen ausgeweitet werden.
- Acquisition adds $75 million in annual sales revenue
- Expansion into two prime retail locations in Florida
- Exclusive dealership rights for HCB Yachts in four key states
- Strategic enhancement of premium yacht portfolio
- Geographic expansion in Southeastern U.S.
- None.
Insights
The acquisition of American Yacht Group marks a significant strategic move for OneWater Marine, demonstrating a calculated expansion into the high-margin luxury yacht segment. The
The transaction's strategic value extends beyond mere revenue addition through several key elements:
- Exclusive dealership rights for HCB Yachts across four major boating markets (Alabama, Florida, New York and North Carolina) creates a powerful competitive moat in the luxury segment
- The addition of prime retail locations in Fort Lauderdale and Jupiter, Florida - two of the most affluent boating markets in the U.S. - provides immediate access to high-net-worth customers
- The expansion of F&I and service offerings in these locations presents significant cross-selling opportunities and recurring revenue streams
From an operational perspective, the integration should be straightforward given OneWater's proven track record of dealership acquisitions and their established integration playbook. The transaction's financially prudent terms suggest a disciplined approach to valuation, likely structured to maintain balance sheet flexibility for future opportunities.
The luxury marine market has shown resilience even during economic downturns, as high-net-worth consumers are less sensitive to economic cycles. This acquisition positions OneWater to capture a larger share of this stable, high-margin segment while diversifying their revenue streams across different price points and geographical markets.
Enhances product portfolio and premium offering
“American Yacht Group is a powerful addition to our portfolio, expanding our premium yacht offerings and strengthening our position in the luxury marine market,” said Austin Singleton, Chief Executive Officer for OneWater. “The strategic transaction also adds HCB Yachts to our product lineup with exclusive dealership rights in
American Yacht Group is the premier destination for HCB Yachts in
About OneWater Marine Inc.
OneWater Marine Inc. is one of the largest and fastest-growing premium marine retailers in
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This press release and statements made during the above referenced conference call 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,” “foresees,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “outlook” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct.
Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those expressed or implied by these forward-looking statements include the following: effects of industry wide supply chain challenges including a heightened inflationary environment and our ability to maintain adequate inventory, changes in demand for our products and services, the seasonality and volatility of the boat industry, fluctuation in interest rates, adverse weather events, our acquisition and business strategies, the inability to comply with the financial and other covenants and metrics in our credit facilities, cash flow and access to capital, effects of the COVID-19 pandemic and related governmental actions or restrictions on the Company’s business, risks related to the ability to realize the anticipated benefits of any proposed acquisitions, including the risk that proposed acquisitions will not be integrated successfully, the timing of development expenditures, and other risks. More information on these risks and other potential factors that could affect our financial results is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our Annual Report on Form 10-K for the fiscal year ended September 30, 2022 and in our subsequently filed Quarterly Reports on Form 10-Q, each of which is on file with the SEC and available from OneWater Marine’s website at www.onewatermarine.com under the “Investors” tab, and in other documents
OneWater Marine files with the SEC. Any forward-looking statement speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.
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OneWater Investor or Media Contact:
Jack Ezzell
Chief Financial Officer
IR@OneWaterMarine.com
Source: OneWater Marine Inc.
FAQ
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