M&A Deal Summary

OneWater Acquires Garden State

On April 11, 2024, OneWater acquired marine company Garden State

Acquisition Highlights
  • This is OneWater’s 16th transaction in the Marine sector.
  • This is OneWater’s 24th transaction in the United States.
  • This is OneWater’s 2nd transaction in New Jersey.

M&A Deal Summary

Date 2024-04-11
Target Garden State
Sector Marine
Buyer(s) OneWater
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

OneWater

Buford, Georgia, United States

Category Company
Founded 2014
Sector Marine
Employees2,319
Revenue 1.9B USD (2023)
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 24 of 24
Sector (Marine) 16 of 16
Type (Add-on Acquisition) 24 of 24
State (New Jersey) 2 of 2
Country (United States) 24 of 24
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 Lookout Marine

Somerset, Kentucky, United States

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

Sell -