ONEW - OneWater Marine buys majority stake in Quality Boats; terms undisclosed

Quality Boats operates four locations on the west coast of Florida, including Clearwater, Clearwater Beach, Sarasota, and Englewood. The acquisition advances OneWater’s (NASDAQ:ONEW) growth strategy and creates a significant opportunity to introduce additional offerings to Quality Boat’s customer base. The commercial terms were not disclosed. Along with OneWater’s previous acquisitions, OneWater will expand its market share on Florida’s west coast. Quality Boats is expected to generate ~$140 million in sales and $20 million in EBITDA. The transaction is expected to be immediately accretive to top-line growth, operating margin, and EPS.

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OneWater Marine buys majority stake in Quality Boats; terms undisclosed