M&A Deal Summary |
|
|---|---|
| Date | 2021-10-21 |
| Target | T-H Marine |
| Sector | Marine |
| Buyer(s) | OneWater |
| Sellers(s) | Valesco Industries |
| Deal Type | Add-on Acquisition |
| Deal Value | 185M USD |
| Advisor(s) | Citizens Capital Markets (Financial) |
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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 | 15 of 24 |
| Sector (Marine) | 10 of 16 |
| Type (Add-on Acquisition) | 15 of 24 |
| State (Alabama) | 2 of 3 |
| Country (United States) | 15 of 24 |
| Year (2021) | 6 of 8 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-27 |
PartsVu
Naples, Florida, United States PartsVu is an operator of an online marketplace for OEM marine parts, electronics, and accessories. PartsVu provides a unique shopping experience offering a vast product portfolio from engine parts and the latest electronic and navigation equipment to extensive kits for routine service jobs. PartsVu was founded in 2016 and is based in Naples, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-16 |
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. |
Buy | - |
Valesco Industries is a private equity firm focused on growth-oriented small and lower middle-market businesses across the US. Valesco seeks profitable companies with EBITDA of at least $4 million and revenue between $15 and $100 million in the manufacturing, distribution, and business services sectors. The Firm considers both minority and majority positions as well as provides subordinated debt to support owner successions, management buyouts, recapitalizations, and growth financings. Valesco does not invest in start-ups, real estate, financial services, and turnarounds. Valesco Industries was established in 1993 and is headquartered in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector (Marine) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (Alabama) | 1 of 1 |
| Country (United States) | 1 of 3 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-17 |
AAA Distributor
Philadelphia, Pennsylvania, United States AAA Distributor is a distributor, wholesaler, and retailer of kitchen, bathroom, and flooring home improvement and remodeling products. AAA Distributor was founded in 2003 and is based in Philadelphia, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-24 |
MediaTech
Shelby, Michigan, United States MediaTech offers a broad range of furniture products for the K-12 school market. MediaTech produces seating, tables, desks and storage products used in every school environment. The Company works collaboratively with schools, architects and its dealer partners to help transform ideas into modern learning environments, through the Company's deep design and engineering capabilities and its partnership approach to meet the needs of its customers. MediaTech is based in Shelby, Michigan. |
Buy | - |
