OneWater Marine Inc. (NASDAQ: ONEW) announced today that it has reached an agreement to acquire Taylor Marine Centers, which will further expand the Company’s presence in the Mid-Atlantic U.S. and enhance new and pre-owned boat sales, finance, and parts and services offerings. The transaction is expected to close in the next 90 days.
Said CEO Austin Singleton, “Taylor Marine Centers is another great addition to the OneWater family. This acquisition complements our recent acquisition of Norfolk Marine as we continue to expand our geographic presence in the Mid-Atlantic U.S. and integrate high-performing dealerships into our successful portfolio.
“The Van Rees family and crew at Taylor Marine Centers have an award-winning history of providing a premier selection of boating brands and best-in-class customer service, and we look forward to supporting them as they continue to expand their offering and exceed customer expectations.”
Taylor Marine Centers is a third-generation, family-owned and operated business that has been serving boaters in the Delmarva Peninsula for over 50 years.
The Van Rees family has long-standing relationships with customers and premier boating brands including Boston Whaler, Grady White, Regal, and World Cat. Taylor Marine Centers generated approximately $29 million in sales over the past twelve months and offers premier service from its factory trained technicians at their two locations.
ONEW began trading Wednesday up eight cents to $41.54.
