, 2022-04-12 02:00:00,
The acquisition follows record-setting numbers by both companies at the 2022 Miami in February and Palm Beach Boat Shows in March, and further advances OneWater’s growth and diversification strategy, significantly bolstering its product portfolio and customer reach.
“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,” said Austin Singleton, Chief Executive Officer for OneWater. “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 underscore 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 enhancing our leadership position in the market in the coming years.”
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 top-line growth, operating margin, and earnings per share.
“Strong consumer demand continues to fuel our growth and strengthens our position as industry leaders throughout 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 clients will be accelerated thanks to OneWater’s tools, resources, and support. We are excited to be joining the OneWater family, and we look forward to what our shared future holds,” says Bob Denison, President of Denison Yachting.
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