OneWater Marine Inc. announced that it has completed the acquisition of American Yacht Group, which further expands the Company’s presence in the Southeastern U.S. and enhances new and pre-owned boat sales, finance and insurance, and parts and services offerings.
“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 Alabama, Florida, New York, and North Carolina, expanding our portfolio and commitment to delivering the best in boating. We are eager to deploy our proven integration playbook and realize the significant upside from this transaction.”
American Yacht Group is the premier destination for HCB Yachts in South Florida, providing an exclusive, high-end experience for yacht buyers. The acquisition adds two prime retail locations in Fort Lauderdale and Jupiter, Florida. Under the terms of the agreement, OneWater has acquired both American Yacht Group’s dealership operations, and also becomes the exclusive dealer of HCB Yachts in the key boating states of Alabama, Florida, New York, and North Carolina, further strengthening our position in the luxury marine market. The transaction represents an exclusive and strategic fit, with financially prudent terms, that aligns with the Company’s long-term plans. American Yacht Group generated approximately $75 million in sales in 2024.
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 98 retail locations, 9 distribution centers / warehouses and multiple online marketplaces in 19 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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Luke J. is a passionate journalist with a knack for storytelling. With a Master's degree in Communication, Media and Marketing from Lausanne, he has been dedicated to uncovering the truth and sharing compelling stories for over 4 years. He spent 2 years working in some of the most important news stations in London, honing his skills and gaining valuable experience. Specializing in automotive market, technology, venture capital, Luke J. brings a unique perspective and insightful analysis to every article. When he is not chasing the next big story, he is interested in photography and reading history rare books.
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Luke J. is a passionate journalist with a knack for storytelling. With a Master's degree in Communication, Media and Marketing from Lausanne, he has been dedicated to uncovering the truth and sharing compelling stories for over 4 years. He spent 2 years working in some of the most important news stations in London, honing his skills and gaining valuable experience. Specializing in automotive market, technology, venture capital, Luke J. brings a unique perspective and insightful analysis to every article. When he is not chasing the next big story, he is interested in photography and reading history rare books.
