OneWater Marine Publicizes the Creation of OneWater Yacht Group


Brings collectively a nationwide community of yacht gross sales and repair below one unified model

BUFORD, Ga., March 25, 2021 (GLOBE NEWSWIRE) — OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or “the Firm”) introduced right now that it has created the OneWater Yacht Group, bringing collectively its geographically various yacht gross sales group and Grande Yachts gross sales group, below one unified model to additional improve the positioning of the Firm’s yacht gross sales and companies places. The group unifies OneWater’s yachting presence and offers a launchpad for additional development, whereas amplifying the Firm’s service and restore choices on the Roscioli Yachting Heart.

“We’re extremely excited to introduce the OneWater Yacht Group, which we imagine will redefine the gold commonplace of yacht shopping for and possession,” mentioned Austin Singleton, Chief Govt Officer of OneWater. “This re-alignment intensifies our give attention to increasing our yachting gross sales and companies and unifies our group of business veterans below one model to speed up the alternatives within the yachting section.”

Capitalizing on OneWater’s breadth of in-house companies and expansive geographic footprint, the Firm has rebranded sure Grande Yachts’ gross sales and brokerage places, led by Bryan Braley. The OneWater Yacht Group may have branded gross sales places of work in Southeast Florida, North Carolina, New York, and Maryland, in addition to satellite tv for pc places of work in Clearwater and Destin, Florida, Lake Lanier, Georgia, and Boston and Cape Cod, Massachusetts. The Group represents among the finest manufacturers in yachting together with, Absolute, Belize, Chris-Craft, Riviera, Sunseeker and Status Yachts in choose places.

Supporting the OneWater Yacht Group and its clients is the Roscioli Yachting Heart (“Roscioli”), which the Firm acquired in December 2020. Roscioli is a famend, full-service marina and yachting facility positioned in Fort Lauderdale, Florida, which has served yacht homeowners for greater than 50 years. The Roscioli group contains multiple hundred expert craftsmen who make the most of premier gear and know-how to offer clients with best-in-class companies starting from customized carpentry and fabrications, portray and refinishing, grasp mechanics, and superior dockside hospitality. The Roscioli Yachting Heart permits the OneWater Yacht Group to ship an unequalled yacht shopping for and possession expertise.

The OneWater Yacht Group will likely be led by Tom George, CYPB, who joined OneWater Marine when the Firm acquired the Tom George Yacht Group in December 2020. Tom has greater than 30 years of expertise within the yachting business.

About OneWater Marine Inc.

OneWater Marine Inc. is without doubt one of the largest and fastest-growing premium leisure boat retailers in america. OneWater operates 69 shops all through 10 completely different states, seven of that are within the prime twenty states for marine retail expenditures. OneWater presents a broad vary of services and has diversified income streams, which embody the sale of recent and pre-owned boats, elements and equipment, finance and insurance coverage merchandise, upkeep and restore companies and ancillary companies resembling boat storage.

Investor Contact:
Jack Ezzell
Chief Monetary Officer

Media Contact:
Evan Davis
Director, Advertising

Cautionary Assertion Regarding Ahead-Trying Statements

This press launch could include “forward-looking statements” inside the that means of the Non-public Securities Litigation Reform Act of 1995, together with relating to our technique, future operations, monetary place, prospects, plans and aims of administration, development charge and its expectations relating to future income, working revenue or loss or earnings or loss per share. In some instances, you may determine forward-looking statements as a result of they include phrases resembling “could,” “will,” “will likely be,” “will possible end result,” “ought to,” “expects,” “plans,” “anticipates,” “might,” “would,” “foresees,” “intends,” “goal,” “initiatives,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “outlook” or “proceed” or the detrimental of those phrases or different related phrases or expressions that concern our expectations, technique, plans or intentions. These forward-looking statements usually are not ensures of future efficiency, however are primarily based on administration’s present expectations, assumptions and beliefs regarding future developments and their potential impact on us, that are inherently topic to uncertainties, dangers and adjustments in circumstances which might be tough to foretell. Our expectations expressed or implied in these forward-looking statements could not become right.

Essential components, a few of that are past our management, that would trigger precise outcomes to vary materially from our historic outcomes or these expressed or implied by these forward-looking statements embody the next: decline in demand for our services, the seasonality and volatility of the boat business, our acquisition and enterprise methods, the lack to adjust to the monetary and different covenants and metrics in our credit score services, money stream and entry to capital, results of the COVID-19 pandemic and associated governmental actions or restrictions on the Firm’s enterprise, the timing of improvement expenditures, and different dangers. Extra data on these dangers and different potential components that would have an effect on our monetary outcomes is included in our filings with the Securities and Change Fee, together with within the “Danger Elements” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” sections of our Annual Report on Type 10-Okay for the fiscal yr ended September 30, 2020. Any forward-looking assertion speaks solely as of the date as of which such assertion is made, and, besides as required by regulation, we undertake no obligation to replace or revise publicly any forward-looking statements, whether or not due to new data, future occasions, or in any other case.

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