OneWater Marine Inc. Reveals Acquisition of American Yacht Group
OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) has recently announced a significant milestone in its growth strategy with the completion of the acquisition of American Yacht Group. This strategic acquisition is expected to significantly expand OneWater’s footprint in the Southeastern United States and enhance its extensive portfolio, which includes both new and pre-owned boat sales, as well as finance, insurance, and parts and service offerings.
American Yacht Group is a prominent player in the marine industry, particularly in the luxury yacht market, and the acquisition strengthens OneWater’s presence in this high-end segment. Austin Singleton, the CEO of OneWater Marine, expressed his enthusiasm about the deal, highlighting how it would bolster their luxury yacht offerings and solidify their position in the premium boating market.
He said, “American Yacht Group is a powerful addition to our portfolio, expanding our premium yacht offerings and strengthening our position in the luxury marine market.” Singleton further emphasized that the acquisition would significantly enhance their business in the Southeastern U.S., a crucial region for the boating industry.
As part of the acquisition, OneWater has also gained exclusive dealership rights to HCB Yachts across four key states: Alabama, Florida, New York, and North Carolina. HCB Yachts is known for its high-performance boats and luxury craftsmanship Marine, making this addition a major strategic move for OneWater.
The exclusive dealership rights will allow OneWater to offer customers unparalleled access to one of the finest brands in the boating industry. This move also serves to expand OneWater’s portfolio, as the company is now poised to offer even more high-end, premium boating options for customers in these strategic states.
OneWater’s acquisition of American Yacht Group also includes two prominent retail locations in South Florida—Fort Lauderdale and Jupiter. These locations are vital for establishing a stronger presence in the competitive South Florida boating market, one of the largest and most lucrative in the U.S. The acquisition allows OneWater to tap into a large base of affluent yacht buyers who are seeking top-tier luxury yachts and personalized service.
The addition of American Yacht Group to OneWater’s network brings more than just new retail locations and exclusive dealership rights—it enhances the company’s ability to offer a complete, high-end experience to customers. With a focus on delivering Marine exceptional service.
American Yacht Group has built a strong reputation in the South Florida region for providing a premium experience to yacht buyers. The acquisition ensures that OneWater will be able to maintain this high level of service while expanding its customer base to include more discerning boaters looking for the best in luxury and performance.
In addition to bolstering its portfolio with luxury yachts, OneWater’s acquisition of American Yacht Group is expected to bring substantial financial benefits. American Yacht Group generated approximately $75 million in sales in 2024, which underscores the strength of its operations and the growth potential that it brings to OneWater.
The acquisition is a strategic move that fits well with OneWater’s long-term plans and aligns with the company’s focus on expanding its premium offerings while maintaining strong financial discipline.
OneWater’s ability to integrate acquisitions successfully is one of its core strengths. The company has a proven track record of executing integration strategies that enhance the value of acquired businesses. This acquisition will be no different, as OneWater intends to deploy its established integration playbook to maximize the potential of American Marine Yacht Group and HCB Yachts.
The company’s ability to integrate American Yacht Group’s operations seamlessly will allow OneWater to leverage its existing infrastructure and customer base, providing additional opportunities for growth.
Looking ahead, OneWater’s acquisition of American Yacht Group is poised to bring significant upside potential. The addition of HCB Yachts to OneWater’s product lineup enhances the company’s ability to cater to the growing demand for luxury yachts in key boating markets. By securing exclusive dealership rights to HCB Yachts, OneWater is poised to strengthen its position in the luxury marine market, attracting high-net-worth individuals who are seeking the ultimate in yacht craftsmanship, performance, and design.
The luxury boating industry continues to experience strong demand, driven by a growing number of affluent consumers seeking premium products and services. As one of the largest and most well-known companies in the recreational boating industry, OneWater is uniquely positioned to capitalize on this trend. The company’s acquisition of American Yacht Group will help ensure that OneWater remains at the forefront of the luxury yacht market while continuing to provide exceptional experiences for its customers.
The acquisition also aligns with OneWater’s broader business strategy, which focuses on growing the company’s presence in high-growth, high-margin markets. By adding American Yacht Group and HCB Yachts to its portfolio, OneWater Marine is diversifying its offerings and enhancing its ability to serve customers across a range of price points and boating preferences. Whether customers are looking for high-performance yachts or seeking a more affordable option, OneWater is now better equipped to meet their needs.
In conclusion, OneWater’s acquisition of American Yacht Group represents a major strategic move that strengthens its position in the Southeastern U.S. and expands its luxury yacht offerings. With the addition of exclusive dealership rights for HCB Yachts and the acquisition of two prominent retail locations in South Florida, OneWater is well-positioned to deliver exceptional service.
and high-end products to boaters in key markets. The acquisition adds significant revenue potential, with American Yacht Group generating $75 million in sales in 2024, and offers considerable growth opportunities for the company in the years to come. As OneWater continues to expand its footprint and offerings in the premium boating market, it is poised to maintain its leadership position and provide the best in boating to its customers across the U.S.