The acquisition follows both companies’ record numbers at boat shows in Miami in February 2022 and Palm Beach in March, and advances OneWater’s growth and diversification strategy, significantly strengthening its product portfolio and customer base.
“We are delighted to welcome Bob Denison and his team to the OneWater family, which expands and strengthens our presence in the superyacht and yacht categories,” said Austin Singleton, Managing Director of OneWater. “As we move forward into 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 OneWater and Denison, underscoring our combined position as the premier marine retailer of choice, from superyachts and yachts to traditional boat sales, parts and service. We look forward to strengthening our market leadership position in the years to come. »
Denison is an authorized dealer for a number of prestigious brands including Bertram, Beneteau Sailing Yachts, Beneteau Express GTs, Swift Trawlers, Numarine, Alpha Marine and Excess Catamarans. The acquisition is expected to be immediately accretive to revenue growth, operating margin and earnings per share.
“Strong consumer demand continues to fuel our growth and strengthens our industry leadership position in the United States, Europe and the Mediterranean. Denison’s team of experienced yacht brokers is unparalleled in the world of yachting. Their commitment to taking incredible care of customers will be accelerated with OneWater’s tools, resources and support. We are thrilled to join the OneWater family and look forward to what our shared future holds,” said Bob Denison, President of Denison Yachting.
OneWater Marine Inc. is located in the United States and operates a total of 75 retail outlets, 10 distribution centers/warehouses and several online marketplaces in 20 different states, many of which are in the top twenty states for sales spend in maritime detail.
Denison has long been a leader in the yachting industry with a rich family history dating back to 1948 and the beginning of Broward Marine in Fort Lauderdale. Today, the company provides comprehensive yachting services worldwide, including superyacht sales, yacht charters, crew placement and new build. Denison operates from 21 waterfront offices in the United States and a location in Monaco with a team of over 100 licensed and bonded yacht brokers.
Credits: Denison Yachting