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OneWater Marine completes acquisition of Tom George Yacht Group

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OneWater Marine Inc. has completed the previously announced acquisition of Tom George Yacht Group.

In a company press release, the company says TGYG enhances their presence on the west coast of Florida and expands new and pre-owned boat sales, as well as yacht brokerage and service & parts.

“We are excited to have resumed our successful acquisition strategy with the addition of TGYG,” said Austin Singleton, Chief Executive Officer of OneWater. “Since 2014, we have successfully acquired 40 retail locations. TGYG marks our first since going public in early fiscal year 2020, and is one of the largest acquisitions in our history. We have a strong track record delivering operational synergies and fueling margin expansion by working collaboratively with our dealers, and TGYG will be no different. We look forward to updating you on our efforts going forward.”

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OneWater Marine announces definitive agreement to acquire Tom George Yacht Group

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BUFORD, GEORGIA—OneWater Marine Inc. announced Nov. 18 it has entered into a definitive agreement to acquire substantially all of the assets of Tom George Yacht Group (TGYG), expanding the company’s presence on the west coast of Florida and expanding new and pre-owned boat sales, as well as yacht brokerage and service and parts. The transaction is expected to close before the end of the calendar year.

With an operating history of more than 11 years and two locations, TGYG is an authorized dealer for a number of brands, including Everglades, Cobalt, and EdgeWater, Invincible, Marquis, and Carver, among others. TGYG also offers service and parts and finance and insurance. TGYG generated revenues in excess of $30 million over the past twelve months from these offerings.

“We are pleased to welcome Tom George and his team to the OneWater family,” said Austin Singleton, Chief Executive Officer of OneWater in a released statement. “TGYG further diversifies our product portfolio and deepens our presence in Florida, particularly in the Clearwater and Dunedin markets. Since 2014, we have successfully acquired 40 retail locations; this transaction marks the first since going public in early fiscal year 2020 and is one of the largest acquisitions in the Company’s history.”

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  8. OneWater Marine completes acquisition of Tom George Yacht Group

    OneWater Marine, a leading marine retailer in the US, has completed the acquisition of Tom George Yacht Group, a Florida-based dealer of new and pre-owned boats and yachts. The deal expands OneWater's presence and services on the west coast of Florida.

  9. Tom George: The Visionary Behind OneWater Yacht Group

    Tom George, the founder of Tom George Yacht Group, shares his background, motivation and plans for joining OneWater Marine, a leading yacht dealer in the US. He explains how OneWater Yacht Group (OWYG) offers a unique service with a shipyard, a brokerage and a sales facility for large yachts.

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  11. OneWater Marine announces definitive agreement to acquire Tom George

    BUFORD, GEORGIA—OneWater Marine Inc. announced Nov. 18 it has entered into a definitive agreement to acquire substantially all of the assets of Tom George Yacht Group (TGYG), expanding the company's presence on the west coast of Florida and expanding new and pre-owned boat sales, as well as yacht brokerage and service and parts. The ...

  12. OneWater Marine Inc. Completes the Acquisition of Tom George Yacht Group

    BUFORD, Ga., Dec. 07, 2020 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) ("OneWater" or "the Company") announced today that it has completed the previously announced acquisition of Tom George Yacht Group ("TGYG"). TGYG enhances the Company's presence on the west coast of Florida and expands new and pre-owned boat sales ...

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