OneWater Marine Inc. Completes the Acquisition of Garden State Yacht Sales

Acquisition strengthens presence in the Mid-Atlantic U.S.

BUFORD, Ga., May 01, 2024 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) announced today that it has completed the previously announced acquisition of Garden State Yacht Sales (“Garden State”), which further expands the Company’s presence in the Mid-Atlantic U.S. and enhances new and pre-owned boat sales, finance, and parts and services offerings.

“We would like to thank the Stavola family for the tremendous opportunity to build on Garden State’s strong reputation,” said Austin Singleton, Chief Executive Officer for OneWater. “The acquisition increases our exposure and expands our suite of offerings in the attractive Mid-Atlantic boating market. Leveraging our proven integration playbook, we expect a seamless transition into the OneWater family of dealers, and we look forward to capitalizing on the strong upside potential of this transaction.”

About OneWater Marine Inc.

OneWater Marine Inc. is one of the largest and fastest-growing premium marine retailers in the United States. OneWater operates a total of 96 retail locations, 10 distribution centers / warehouses and multiple online marketplaces in 18 different states, several of which are in the top twenty states for marine retail expenditures. OneWater offers a broad range of products and services and has diversified revenue streams, which include the sale of new and pre-owned boats, finance and insurance products, parts and accessories, maintenance, repair and other services.

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