M&A Deal Summary

Troxtell Marine Acquires Lookout Marine

On September 29, 2023, Troxtell Marine acquired marine company Lookout Marine from OneWater

Acquisition Highlights
  • This is Troxtell Marine’s 2nd transaction in the Marine sector.
  • This is Troxtell Marine’s 2nd transaction in the United States.
  • This is Troxtell Marine’s 2nd transaction in Kentucky.

M&A Deal Summary
Date 2023-09-29
Target Lookout Marine
Sector Marine
Buyer(s) Troxtell Marine
Sellers(s) OneWater
Deal Type Divestiture

Target

Lookout Marine

Somerset, Kentucky, United States
website
Lookout Marine is a marine dealership offering new and pre-owned boats in the regional Kentucky market. Lookout Marine is based in Somerset, Kentucky.

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Buyer(S) 1

Buyer

Troxtell Marine

Somerset, Kentucky, United States

website

Category Company
Sector Marine
DESCRIPTION

Toxtell Marine is a marine dealer offering new and pre-owned boats in Kentucky. Troxtell Marine is based in Somerset, Kentucky.

DEAL STATS #
Overall 2 of 2
Sector (Marine) 2 of 2
Type (Divestiture) 2 of 2
State (Kentucky) 2 of 2
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 Kentucky Marine

Bronston, Kentucky, United States

Kentucky Marine is a marine dealer offering new and pre-owned boats in Kentucky. Kentucky Marine is based in Bronston, Kentucky.

Buy -

Seller(S) 1

SELLER

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 2 of 2
Sector (Marine) 2 of 2
Type (Divestiture) 2 of 2
State (Kentucky) 2 of 2
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 Kentucky Marine

Bronston, Kentucky, United States

Kentucky Marine is a marine dealer offering new and pre-owned boats in Kentucky. Kentucky Marine is based in Bronston, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 Garden State

Pleasant Beach, New Jersey, United States

Garden State is a full-service marina and boat dealer offering brands such as Bennington, Cobia, Everglades, Pathfinder, Twin Vee, Aquasport, and Pursuit. The company's specialized services include maintenance and repair, winterization, and storage. Garden State is based in Pleasant Beach, New Jersey.

Buy -
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