Acquisition significantly expands superyacht sales, yacht sales, and ancillary yacht services

Transaction Highlights:

• Denison and OneWater saw record yacht and boat sales at the recent Miami International Boat Show

• Denison is #1 in worldwide superyacht sales and expands capabilities in yacht brokerage, yacht charter, yacht management and crew services

• Further advances OneWater’s growth and diversification strategy, significantly bolstering product portfolio and customer reach

• Extends OneWater’s geographic footprint, adding 21 locations across 7 states, allowing for additional market share gains

• Expected to be immediately accretive to top-line growth, operating margin and earnings per share

BUFORD, Ga., March 02, 2022 (GLOBE NEWSWIRE) — OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or “the Company”) announced today that it has reached an agreement to acquire Denison Yachting, which will expand the Company’s presence into the superyacht category and ancillary yacht service offerings, in addition to yacht brokerage and new boat sales. The transaction is expected to close in the Company’s fiscal third quarter.

“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…