OneWater Marine Acquires Norfolk Marine

November 16, 2021

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.

Buyers
OneWater Marine Inc.
Targets
Norfolk Marine Inc.
Sellers
Jason Murphy
Industry
Retail
Location
Virginia, United States
Transaction Type
Buyout

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