M&A Deal Summary

OneWater Acquires Norfolk Marine

On November 16, 2021, OneWater acquired marine company Norfolk Marine

Acquisition Highlights
  • This is OneWater’s 11th transaction in the Marine sector.
  • This is OneWater’s 16th transaction in the United States.
  • This is OneWater’s 1st transaction in Virginia.

M&A Deal Summary
Date 2021-11-16
Target Norfolk Marine
Sector Marine
Buyer(s) OneWater
Deal Type Add-on Acquisition

Target

Norfolk Marine

Norfolk, Virginia, United States
Norfolk Marine is a full-service marine dealer, offering award-winning service and repair for a wide variety of boat brands and models. Norfolk Marine is an exclusive authorized dealer for Bennington Boats, Carolina Skiff Boats, Grady White Boats, Regal Boats, and Sea Hunt Boats. Norfolk Marine was founded in 1946 and is based in Norfolk, Virginia.

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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 16 of 24
Sector (Marine) 11 of 16
Type (Add-on Acquisition) 16 of 24
State (Virginia) 1 of 1
Country (United States) 16 of 24
Year (2021) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 T-H Marine

Huntsville, Alabama, United States

T-H Marine is a provider of branded marine parts and accessories. T-H Marine serves the expanding aftermarket parts and accessories market through its e-commerce site, various marine and big-box retail sites, and marine distribution channels. T-H Marine was founded in 1975 and is based in Huntsville, Alabama.

Buy $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Quality Boats

Clearwater, Florida, United States

Quality Boats is a provider of marine products and services. Quality Boats is based in Clearwater, Florida.

Buy -
Mergr

Product

Company

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