OneWater Marine Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $161.0M
- Price
- $9.66
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.62%
- Volume
- 76.9K
About
OneWater Marine Inc. is a prominent retailer specializing in recreational boats and marine lifestyle products across the United States. Its extensive inventory includes both brand-new and pre-owned recreational boats and luxury yachts, complemented by a comprehensive range of marine parts and accessories. Beyond sales, the company offers essential boat repair and maintenance services. Customers can also access support for boat financing and insurance arrangements. Furthermore, OneWater Marine provides a suite of ancillary offerings such as indoor and outdoor storage solutions, marina services, and rentals of boats and personal watercraft. As of September 30, 2021, the company's operational footprint spanned 70 retail locations situated across 11 U.S. states, including key markets like Texas, Florida, Alabama, North Carolina, South Carolina, Georgia, Ohio, and New Jersey. Founded in 2014, OneWater Marine Inc. maintains its corporate headquarters in Buford, Georgia.
Quick stats
Shares outstanding16.7M
Computed float11.5M
Float / shares68.8%
Key info
SectorConsumer Cyclical
IndustrySpecialty Retail
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001772921
AI Summary
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OneWater Marine Inc. Announces Strategic Partnership with OceanWorld Group and Denison Yachting
OneWater Marine has entered a definitive agreement under which OceanWorld Group will acquire a majority ownership interest in its Denison Yachting subsidiary, one of the world's leading yacht brokerage and luxury yachting services businesses.
No financial terms were disclosed. The deal is subject to customary closing conditions including required consents, is expected to close before the end of the calendar year, and OneWater states it will remain invested in Denison's continued success.
Executive Chairman Austin Singleton framed the transaction as portfolio optimization that lets OneWater focus resources on core assets and long-term value creation, while Denison gains OceanWorld's international reach across the United States, Europe, and the Middle East.
Red flags
- No deal value, valuation, or financial terms disclosed for the Denison Yachting majority-stake sale
- Transaction not yet closed -- subject to customary closing conditions and required consents
- Forward-looking boilerplate references 'the sale of OBCI and the use of proceeds therefrom,' an additional unexplained divestiture mentioned only in passing