OneWater to Acquire Ocean Bio-Chem
June 22, 2022
OneWater will pay $125 million for the cleaning and maintenance products company, enhancing its P&A business
OneWater will pay $125 million for the cleaning and maintenance products company, enhancing its P&A business
The retailer announced an increase in revenue of 34 percent to $442 million.
The retailer plans to repurchase up to $50 million of Class A common stock and invest a portion toward mergers and acquisitions.
The retailer reported an increase in revenue of 57 percent to $336 million.
The Florida-based dealership is expected to generate sales of $140 million in 2021.
The retailer saw an all-time high in revenue for its 2021 fiscal year, with $1.23 billion in sales. It also reported Q4 results.
The agreed-upon acquisition will further expand OneWater’s presence in the Mid-Atlantic region.
OneWater Marine purchased the Huntsville, Ala.-based P&A provider for around $185 million.
The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.
Expected to close later this year, the acquisition further expands OneWater’s presence in Florida.
OneWater will pay $125 million for the cleaning and maintenance products company, enhancing its P&A business
The retailer announced an increase in revenue of 34 percent to $442 million.
The retailer plans to repurchase up to $50 million of Class A common stock and invest a portion toward mergers and acquisitions.
The retailer reported an increase in revenue of 57 percent to $336 million.
The Florida-based dealership is expected to generate sales of $140 million in 2021.
The retailer saw an all-time high in revenue for its 2021 fiscal year, with $1.23 billion in sales. It also reported Q4 results.
The agreed-upon acquisition will further expand OneWater’s presence in the Mid-Atlantic region.
OneWater Marine purchased the Huntsville, Ala.-based P&A provider for around $185 million.
The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.
Expected to close later this year, the acquisition further expands OneWater’s presence in Florida.
