OneWater Marine today announced it reached an agreement to acquire Denison Yachting.
“We are thrilled to welcome Bob Denison and his team into the OneWater family, which expands and strengthens our presence in the superyacht and yacht categories,” OneWater CEO Austin Singleton said in a statement. “As we move through the second fiscal quarter, we continue to capitalize on record demand and a growing backlog.
“Orders at the Miami boat show were off the charts for both OneWater and Denison, which underscores our combined position as the premier marine retailer of choice, from superyachts and yachts to traditional boat sales, parts and service,” Singleton added.
OneWater operates 75 retail locations and 10 distribution centers, and maintains an online marketplace.
Denison Yachting has 21 offices in the United States and in 2021 reported more than $80 million in sales. It is a dealer for such brands as Alpha Yachts, Beneteau Power (Monte Carlo, Gran Turismo, Swift Trawler), Beneteau Sail, Numarine, Dufour, Van der Valk Yachts and Excess Catamarans. The company also provides charter management services and has a substantial brokerage network with a focus on superyachts.
“Strong consumer demand continues to fuel our growth and strengthens our position as industry leaders throughout the United States, Europe and the Mediterranean,” Bob Denison said in a statement. “Denison’s team of experienced yacht brokers is unparalleled in the world of yachting. Their commitment to take incredible care of clients will be accelerated thanks to OneWater’s tools, resources and support.”
The transaction is expected to close in the fiscal third quarter.