OneWater Marine Acquires T-H Marine for Approximately $185M

T-H Marine (OneWater Marine) Acquires YakGear, Inc.

March 4, 2022

Consumer Products

T-H Marine Supplies, a division of OneWater Marine, has acquired YakGear, Inc., a Houston-based supplier of kayak equipment, paddle-sport accessories, and boat mounting products. YakGear will operate as a standalone division out of its Houston facility and the acquisition expands T-H Marine's aftermarket marine product offerings and reach into paddle-sports channels.

OneWater Marine Acquires Walker Marine Group

January 4, 2021

Retail

OneWater Marine Inc. completed the acquisition of Walker Marine Group, a five-location boat dealership group in southwest Florida, marking OneWater's largest acquisition to date. The deal expands OneWater's presence in Florida and adds a dealer with over $80 million in trailing twelve-month revenue and established service, parts, and F&I capabilities.

OneWater Marine Acquires Norfolk Marine

November 16, 2021

Retail

OneWater Marine Inc. has reached an agreement to acquire Norfolk Marine Inc., expanding OneWater’s presence in the Mid-Atlantic and establishing its first dealership in Virginia. Norfolk Marine is a third-generation, family-owned full-service boat dealer that generated over $20 million in sales in the prior twelve months and offers new and pre-owned boat sales, parts, finance and service; the deal was expected to close in Q4 2021.

Valesco Industries Acquires T-H Marine Supplies, Inc.

July 31, 2019

Manufacturing

Valesco Industries completed a majority buyout of T-H Marine Supplies, Inc., a Huntsville, Alabama-based manufacturer of recreational boat parts and marine accessories. Brookside provided subordinated debt and an equity co-investment to facilitate the transaction; the deal recapitalized the existing ownership group and will support growth initiatives including expansion of T-H Marine's e-commerce footprint.

OneWater Marine Inc. Acquires Ocean Bio-Chem, Inc.

August 9, 2022

Consumer Products

OneWater Marine Inc. completed the acquisition of Ocean Bio-Chem, Inc., a manufacturer and distributor of appearance, cleaning, and maintenance products sold under brands such as Star brite. The deal strengthens OneWater's parts and accessories business and supports its strategy to expand market share and diversify revenue streams in the marine parts and accessories market.

OneWater Marine Acquires Tom George Yacht Group

December 7, 2020

Retail

OneWater Marine Inc. completed the acquisition of substantially all assets of Tom George Yacht Group, adding two locations that deepen the company's presence on Florida's west coast (Clearwater and Dunedin). Tom George Yacht Group, an authorized dealer and full-service yacht brokerage and service provider with over $30 million of trailing-12-month revenue, will join OneWater's network to expand new and pre-owned boat sales, brokerage, and service & parts offerings.