OneWater Marine Inc. Sets Sail for Success with Acquisition of Garden State Yacht Sales

Published / Modified Apr 11 2024
CSIMarket Team / CSIMarket.com

Acquisition Strengthens Presence in the Mid-Atlantic U.S.

OneWater Marine Inc.
has recently made a significant move to expand its operations in the Mid-Atlantic region of the United States.
The company, known for its prominent presence in the Automotive Aftermarket industry, announced its plan to acquire Garden State Yacht Sales, a well-established yacht dealership based in the region.
This strategic acquisition aims to strengthen OneWater Marine's market position and capitalize on the growing demand for luxury boats and yachts in the Mid-Atlantic U.S.
market.

The Mid-Atlantic region is known for its thriving boating and maritime activity, with a large number of boat owners and enthusiasts looking to explore the sea.
OneWater Marine's decision to target this region aligns with its goal to further expand its customer base and tap into new markets.
With a current market capitalization of $350 million, the company has the financial resources to make such acquisitions and leverage its existing expertise in the Automotive Aftermarket to drive growth in the marine industry.

The acquisition of Garden State Yacht Sales represents a strategic move for OneWater Marine.
By integrating an already successful yacht dealership into its portfolio, the company gains access to a well-established customer base and a trusted brand name that has been serving the Mid-Atlantic boating community for years.
This collaboration is expected to provide a range of benefits to both parties involved, leading to operational synergies and enhanced customer offerings.

Garden State Yacht Sales, founded in 1992, has built a reputation for excellence in customer service and a vast selection of high-quality boats.
Their team of knowledgeable and experienced sales professionals has successfully served the Mid-Atlantic boating community, offering a diverse range of boats and yachts to cater to various customer preferences.
With this acquisition, OneWater Marine plans to leverage Garden State Yacht Sales' expertise and local knowledge to expand its range of offerings and ensure a seamless integration into the market.

As OneWater Marine deepens its presence in the Mid-Atlantic U.S. it aims to harness the region's growth potential and offer customers an unparalleled buying experience.
By combining its extensive resources, technological advancements, and established customer base with Garden State Yacht Sales' expertise and market reputation, OneWater Marine envisions accelerated growth and increased market share in the region.

Recent trends indicate a surge in demand for boating and yachting activities, particularly as consumers seek outdoor recreational activities amidst the ongoing pandemic.
By acquiring Garden State Yacht Sales, OneWater Marine capitalizes on this trend and positions itself to cater to the growing needs of boating enthusiasts in the Mid-Atlantic region.
The company's commitment to delivering exceptional customer service, combined with a diverse portfolio of boat models from leading manufacturers, will offer customers an unparalleled selection, ensuring that OneWater Marine remains at the forefront of the industry.

In conclusion, the acquisition of Garden State Yacht Sales by OneWater Marine Inc.
signifies a strategic move for the company to strengthen its presence in the Mid-Atlantic U.S.
marketplace.
This acquisition will enable OneWater Marine to tap into the thriving boating industry in the region, leverage its expertise in the Automotive Aftermarket, and expand its customer base.
By combining resources, technology, and customer-centric approaches, both companies envision a successful partnership that will provide an extensive range of boats and yachts to meet the needs of boating enthusiasts in the Mid-Atlantic region.