ONEW - OneWater Marine rises on deal to acquire Norfolk Marine
OneWater Marine (NASDAQ:ONEW) has surged +2.99% pre-market on reaching a deal to acquire boat dealer Norfolk Marine. The transaction is expected to close in Q421. Norfolk Marine is an exclusive authorized dealer for premier boating brands, including Sea Hunt, Grady-White, Regal, Bennington and Carolina Skiff. The business generated over $20M in sales over the past 12 months. The deal expands OneWater Marine's presence in the Mid-Atlantic U.S. and elevates its new and pre-owned boat sales, finance, and parts and services offerings.
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OneWater Marine rises on deal to acquire Norfolk Marine