OneWater Marine said in a statement that it reached an agreement to acquire parts and accessories provider T-H Marine for about $185 million.
The acquisition is expected to more than double OneWater’s P&A offerings, the company said in the statement. OneWater operates primarily through its e-commerce site and sells to a variety of marine and big-box retail outlets and distribution channels.
“With its comprehensive product portfolio, reputation for innovation, omni-channel sales strategy, and ability to acquire and integrate niche category leaders, we look forward to welcoming Jeff Huntley Sr. and his team into the OneWater Marine family,” CEO Austin Singleton said. “We believe T-H Marine represents a strong, natural fit with our service, parts and other sales business, and meaningfully increases our addressable market for marine parts and accessories.”
T-H Marine also has made a number of acquisitions, most recently adding supplier Designer Tools and Products to its portfolio.
“Our history of accretive acquisitions is not only complementary to OneWater’s business model and growth strategy, but also provides an additional platform for expansion,” T-H CEO Huntley said. “Joining OneWater will allow us to further enhance our strategy of acquiring and growing businesses to serve all of our aftermarket and OEM customers with even more amazing products.”
Details of the acquisition can be found here.
