M&A Deal Summary

OneWater Acquires Ocean Bio-Chem

On June 22, 2022, OneWater acquired chemicals company Ocean Bio-Chem for 125M USD

Acquisition Highlights
  • This is OneWater’s 1st transaction in the Chemicals sector.
  • This is OneWater’s 2nd largest (disclosed) transaction.
  • This is OneWater’s 21st transaction in the United States.
  • This is OneWater’s 11th transaction in Florida.

M&A Deal Summary
Date 2022-06-22
Target Ocean Bio-Chem
Sector Chemicals
Buyer(s) OneWater
Deal Type Add-on Acquisition
Deal Value 125M USD
Advisor(s) Houlihan Lokey (Financial)
Morgan Lewis (Legal)

Target

Ocean Bio-Chem

Fort Lauderdale, Florida, United States
website
Ocean Bio-Chem is a manufacturer, marketer, and distributor of appearance and maintenance products for the marine, automotive, power sports, recreational vehicle, and outdoor power equipment markets under Star Brite, Star Tron, Odor Star, and other brand names within the United States of America and Canada. Ocean Bio-Chem is based in Fort Lauderdale, Florida.

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Buyer(S) 1

Buyer

OneWater

Buford, Georgia, United States

website

Category Company
Founded 2014
Sector Marine
Employees1,169
Revenue 1.7B USD (2022)
DESCRIPTION

OneWater is a collection of recreational boat dealerships in the U.S. with locations across Alabama, Florida, Georgia, Kentucky, Maryland, South Carolina, and Texas. The dealerships offer new and pre-owned boats for sale, in addition to the sale of parts and accessories and other boat services. OneWater was formed in 2014 and is based in Buford, Georgia.

DEAL STATS #
Overall 21 of 24
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 21 of 24
State (Florida) 11 of 11
Country (United States) 21 of 24
Year (2022) 4 of 5
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 Denison Yachting

Dania Beach, Florida, United States

Denison is an authorized dealer for a number of prestigious brands including Bertram, Beneteau Sailing Yachts, Beneteau Express GTs, Swift Trawlers, Monte Carlo Yachts, Numarine, Alpha Marine, and Excess Catamarans. Denison Yachting was founded in 1948 and is based in Dania Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-24 Taylor Marine Centers

Milford, Delaware, United States

Taylor Marine Centers is a third-generation, family-owned, and operated business that has been serving boaters in the Delmarva Peninsula for over 50 years. Taylor Marine Centers is based in Milford, Delaware.

Buy -
Mergr

Product

Company

Legal