OneWater Marine announced that it has entered into a definitive agreement with OceanWorld Group to establish a strategic partnership for its Denison Yachting subsidiary, one of the world’s leading yacht brokerage and luxury yachting services businesses. Following the close of the transaction, OceanWorld will acquire a majority ownership interest in Denison Yachting, strengthening its global market presence and providing the resources and infrastructure required to support its next phase of growth.
“Denison has built an exceptional reputation in yacht brokerage, charter, yacht management, and related services, and we believe OceanWorld’s international reach, relationships, and resources will help accelerate the growth of the platform worldwide,” said Austin Singleton, executive chairman of OneWater, in a statement. “OceanWorld is the right partner to support Denison’s growth while preserving the entrepreneurial culture and customer-focused approach that have made the business successful.”
The transaction is subject to customary closing conditions, the statement said, and it is expected to close before the end of the calendar year.
