Buford, GA, December 2, 2021 — OneWater Marine Inc. (NASDAQ: ONEW) announced the completion of the acquisition of T-H Marine, a leading provider of branded marine parts and accessories. The transaction is expected to more than double the annual revenue of OneWater's current business in the parts and accessories space.
"We couldn't be more excited to welcome Jeff Huntley Sr. and his team into the OneWater family. This transaction meaningfully advances OneWater's strategic growth and diversification strategy and is expected to materially expand our addressable market in the parts and accessories business," said Austin Singleton, Chief Executive Officer for OneWater.
T-H Marine serves as an additional platform for growth with its strong pipeline in both product development and its own acquisition strategy, led by an experienced and capable team.