OneWater Marine Acquires Stone Harbor Marina
June 15, 2021
OneWater Marine Inc. agreed to acquire the assets of Stone Harbor Marina from owner Tom Russell to expand its presence in the northeastern United States. The acquisition adds new and pre-owned boat sales, service and repair, storage and marina operations — Stone Harbor generated approximately $35 million in trailing twelve-month sales — and is expected to close in OneWater’s fiscal fourth quarter of 2021.
- Buyers
- OneWater Marine Inc.
- Targets
- Stone Harbor Marina
- Sellers
- Tom Russell
- Industry
- Retail
- Location
- New Jersey, United States
- Transaction Type
- Addon
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