roscioli yachting center sold

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Russell 2000, bitcoin usd, cmc crypto 200, onewater marine inc. completes the acquisition of roscioli yachting center.

Expands presence in yacht category, enhancing infrastructure for further growth and amplifies service and repair offerings

BUFORD, Ga., Jan. 05, 2021 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or “the Company”) announced today that it has completed the acquisition of Roscioli Yachting Center, Inc., including the related real estate and in-water slips. The transaction expands the Company’s presence in the yacht category and provides a springboard for further growth, while amplifying the Company’s service and repair offerings.

Roscioli Yachting Center is a renowned, full-service marina and yachting facility located in Fort Lauderdale, Florida, which has served yacht owners for over 50 years. The Roscioli team includes over one hundred skilled team members who utilize premier equipment and technology to provide customers with best-in-class services ranging from custom carpentry and fabrications, painting and refinishing, master mechanics and superior dockside hospitality. Roscioli generated revenues in excess of $15 million over the past twelve months.

“Bob Roscioli founded Roscioli Yachting Center with the mantra ‘Today’s the Day’, which is echoed by the OneWater team. We are incredibly proud to welcome the Roscioli team to the OneWater family and to blend their industry-leading skillset with our proven strategic vision. Together, we believe we will redefine the gold standard of yacht servicing and customer experience,” said Austin Singleton, Chief Executive Officer of OneWater Marine.

About OneWater Marine Inc.

OneWater Marine Inc. is one of the largest and fastest-growing premium recreational boat retailers in the United States. OneWater operates 69 stores throughout 10 different states, seven of which are in the top twenty states for marine retail expenditures. OneWater offers a broad range of products and services and has diversified revenue streams, which include the sale of new and pre-owned boats, parts and accessories, finance and insurance products, maintenance and repair services and ancillary services such as boat storage.

Investor or Media Contact: Jack Ezzell Chief Financial Officer [email protected]

Cautionary Statement Concerning Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including regarding our plans and expectations for Roscioli Yachting Center, Inc., strategy, future operations, financial position, prospects, plans and objectives of management, growth rate and our expectations regarding future revenue, operating income or loss or earnings or loss per share. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “will be,” “will likely result,” “should,” “expects,” “plans,” “anticipates,” “could,” “would,” “foresees,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “outlook” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct.

Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those expressed or implied by these forward-looking statements include the following: risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the acquisition will not be realized or will not be realized within the expected time period, the risk that the businesses will not be integrated successfully, decline in demand for our products and services, the seasonality and volatility of the boat industry, our acquisition strategies, the inability to comply with the financial and other covenants and metrics in our credit facilities, cash flow and access to capital, effects of the COVID-19 pandemic and related governmental actions or restrictions on the Company’s business, the timing of development expenditures, and other risks. More information on these risks and other potential factors that could affect our financial results is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our 2020 Form 10-K filed on December 3, 2020. Any forward-looking statement speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.

By Conor Feasey 04 Oct 2023

Bradford Marine acquires Roscioli Yachting Center

Onewater has sold the roscioli yachting center in order to reduce debt and fund future mergers and acquisitions….

OneWater has completed a sale and leaseback arrangement of the Roscioli Yachting Center with Bradford Marine . The Florida-based yachting services provider will acquire the refit and maintenance service operations at Roscioli and all real estate assets, and in turn, will provide support for the OneWater Yacht Group and Sunseeker brands. 

“We are proud to have acquired the Roscioli Yachting Center and to partner with OneWater on this transaction,” says John Kelly, CEO, Bradford Marine. “We are excited about combining our adjoining properties and the expanded capabilities this transaction provides us.”

Roscioli Yachting Center is a full-service marina in Fort Lauderdale, providing services ranging from custom carpentry and fabrications to painting and refinishing, and mechanics. 

“Roscioli’s comprehensive yacht and mega yacht service offering is a natural complement to the highly regarded Bradford family of companies, and we look forward to a continued partnership for years to come,” says Austin Singleton, CEO, OneWater.

The proceeds from the sale of Roscioli will be used to reduce OneWater’s long-term debt, as well as fund its ongoing plans for further merger and acquisition opportunities.

“This strategic relationship allows us to sharpen our focus on growing our Sunseeker Yacht sales, warranty and service operations, while also strengthening our balance sheet,” adds Singleton.

OneWater Marine is one of the largest marine retailers in the US, operating 97 retail locations and 11 distribution centres. Notably, the boating conglomerate acquired Denison Yachting  in April 2022. 

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OneWater continues acquisitions with Roscioli Yachting Center

OneWater Marine Inc. announced that it has completed the acquisition of Roscioli Yachting Center, Inc., including the related real estate and in-water slips. OneWater said the transaction expands the company’s presence in the yacht category and provides a springboard for further growth, while amplifying the company’s service and repair offerings.

Roscioli Yachting Center is a full-service marina and yachting facility located in Fort Lauderdale, Fla., which has served yacht owners for over 50 years. The Roscioli team includes over one hundred skilled team members who utilize premier equipment and technology to provide customers with best-in-class services ranging from custom carpentry and fabrications, painting and refinishing, master mechanics and superior dockside hospitality. Roscioli generated revenues in excess of $15 million over the past twelve months.

“Bob Roscioli founded Roscioli Yachting Center with the mantra ‘Today’s the Day’, which is echoed by the OneWater team. We are incredibly proud to welcome the Roscioli team to the OneWater family and to blend their industry-leading skillset with our proven strategic vision. Together, we believe we will redefine the gold standard of yacht servicing and customer experience,” said Austin Singleton, chief executive officer of OneWater Marine.

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One Water Marine Acquires Roscioli Yachting Center

OneWater Marine Inc. has completed the acquisition of Roscioli Yachting Center, Inc., including the related real estate and in-water slips. The transaction expands OneWater’s presence in the yacht category and provides a springboard for further growth, while amplifying its service and repair offerings.

Roscioli Yachting Center is a full-service marina and yachting facility located in Fort Lauderdale, Florida, which has served yacht owners for more than 50 years. The Roscioli team includes more than one hundred skilled team members who utilize premier equipment and technology to provide customers with services ranging from custom carpentry and fabrications, painting and refinishing, master mechanics and dockside hospitality. Roscioli generated revenues in excess of $15 million over the past twelve months.

OneWater Marine Inc. operates 69 recreational boat retail stores throughout 10 different states offering a broad range of products and services which include the sale of new and pre-owned boats, parts and accessories, finance and insurance products, maintenance and repair services and ancillary services such as boat storage.

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OneWater Marine Inc.

Us68280l1017, recreational products.

• OneWater Marine : Completes the Acquisition of Roscioli Yachting Center

BUFORD, Ga. , Jan. 05, 2021 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or “the Company”) announced today that it has completed the acquisition of Roscioli Yachting Center, Inc. , including the related real estate and in-water slips. The transaction expands the Company’s presence in the yacht category and provides a springboard for further growth, while amplifying the Company’s service and repair offerings.

Roscioli Yachting Center is a renowned, full-service marina and yachting facility located in Fort Lauderdale, Florida , which has served yacht owners for over 50 years. The Roscioli team includes over one hundred skilled team members who utilize premier equipment and technology to provide customers with best-in-class services ranging from custom carpentry and fabrications, painting and refinishing, master mechanics and superior dockside hospitality. Roscioli generated revenues in excess of $15 million over the past twelve months.

Austin Singleton , Chief Executive Officer of OneWater Marine .

About OneWater Marine Inc.

OneWater Marine Inc. is one of the largest and fastest-growing premium recreational boat retailers in the United States . OneWater operates 69 stores throughout 10 different states, seven of which are in the top twenty states for marine retail expenditures. OneWater offers a broad range of products and services and has diversified revenue streams, which include the sale of new and pre-owned boats, parts and accessories, finance and insurance products, maintenance and repair services and ancillary services such as boat storage.

Jack Ezzell Chief Financial Officer [email protected]

Cautionary Statement Concerning Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including regarding our plans and expectations for Roscioli Yachting Center, Inc. , strategy, future operations, financial position, prospects, plans and objectives of management, growth rate and our expectations regarding future revenue, operating income or loss or earnings or loss per share. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “will be,” “will likely result,” “should,” “expects,” “plans,” “anticipates,” “could,” “would,” “foresees,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “outlook” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct.

Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those expressed or implied by these forward-looking statements include the following: risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the acquisition will not be realized or will not be realized within the expected time period, the risk that the businesses will not be integrated successfully, decline in demand for our products and services, the seasonality and volatility of the boat industry, our acquisition strategies, the inability to comply with the financial and other covenants and metrics in our credit facilities, cash flow and access to capital, effects of the COVID-19 pandemic and related governmental actions or restrictions on the Company’s business, the timing of development expenditures, and other risks. More information on these risks and other potential factors that could affect our financial results is included in our filings with the Securities and Exchange Commission , including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our 2020 Form 10-K filed on December 3, 2020 . Any forward-looking statement speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.

2021 GlobeNewswire, Inc., source Press Releases

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OneWater Marine Inc. Completes the Acquisition of Roscioli Yachting Center

BUFORD, Ga., Jan. 05, 2021 (GLOBE NEWSWIRE) -- OneWater Marine Inc. ONEW ("OneWater" or "the Company") announced today that it has completed the acquisition of Roscioli Yachting Center, Inc., including the related real estate and in-water slips. The transaction expands the Company's presence in the yacht category and provides a springboard for further growth, while amplifying the Company's service and repair offerings.

Roscioli Yachting Center is a renowned, full-service marina and yachting facility located in Fort Lauderdale, Florida, which has served yacht owners for over 50 years. The Roscioli team includes over one hundred skilled team members who utilize premier equipment and technology to provide customers with best-in-class services ranging from custom carpentry and fabrications, painting and refinishing, master mechanics and superior dockside hospitality. Roscioli generated revenues in excess of $15 million over the past twelve months.

"Bob Roscioli founded Roscioli Yachting Center with the mantra ‘Today's the Day', which is echoed by the OneWater team. We are incredibly proud to welcome the Roscioli team to the OneWater family and to blend their industry-leading skillset with our proven strategic vision. Together, we believe we will redefine the gold standard of yacht servicing and customer experience," said Austin Singleton, Chief Executive Officer of OneWater Marine.

About OneWater Marine Inc.

OneWater Marine Inc. is one of the largest and fastest-growing premium recreational boat retailers in the United States. OneWater operates 69 stores throughout 10 different states, seven of which are in the top twenty states for marine retail expenditures. OneWater offers a broad range of products and services and has diversified revenue streams, which include the sale of new and pre-owned boats, parts and accessories, finance and insurance products, maintenance and repair services and ancillary services such as boat storage.

Investor or Media Contact: Jack Ezzell Chief Financial Officer [email protected]

Cautionary Statement Concerning Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including regarding our plans and expectations for Roscioli Yachting Center, Inc., strategy, future operations, financial position, prospects, plans and objectives of management, growth rate and our expectations regarding future revenue, operating income or loss or earnings or loss per share. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct.

Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those expressed or implied by these forward-looking statements include the following: risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the acquisition will not be realized or will not be realized within the expected time period, the risk that the businesses will not be integrated successfully, decline in demand for our products and services, the seasonality and volatility of the boat industry, our acquisition strategies, the inability to comply with the financial and other covenants and metrics in our credit facilities, cash flow and access to capital, effects of the COVID-19 pandemic and related governmental actions or restrictions on the Company's business, the timing of development expenditures, and other risks. More information on these risks and other potential factors that could affect our financial results is included in our filings with the Securities and Exchange Commission, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our 2020 Form 10-K filed on December 3, 2020. Any forward-looking statement speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Roscioli Yachting Center sold to OneWater Marine for $30M

Jan 4, 2021, 3:00pm EST

From the South Florida Business Journal:  

The Roscioli Yachting Center in Davie was sold for $30.4 million, following the death of founder Bob Roscioli in 2020.

Roscioli Yachting Center Inc., managed by his widow Sharon Roscioli, sold the marine center at 3201 and 3225 W. State Road 84 to South Florida Assets & Operations, part of Buford, Georgia-based OneWater Marine Holdings(Nasdaq: ONEW). The deal covers 12.1 acres with 222,890 square feet of marine-related facilities.

The seller was represented by Wes Shelton and Dan Smith of SM2 Advisors. Shelton said OneWater Marine will keep the Roscioli name on the property and retain the employees.

It was originally developed in 1985 and expanded in 2006. The facility has undercover storage for boats of up to 150 feet and offers a full range of yacht service and refurbishing capabilities.

Roscioli Yachting Center ranked No. 12 on the Business Journal list of largest South Florida Marine Industry Businesses with revenue of $11.6 million in 2017. It had 61 employees at the time of the survey.

Roscioli died at 78 in July from Covid-19.

Now, the Roscioli Yachting Center is in the hands of OneWater Marine, which has 68 stores in 10 states. This comes on the heels of the company’s purchase of Walker Marine Group in southwest Florida.

Article by:

Brian Bandell

Senior Reporter

South Florida Business Journal

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OneWater Marine Inc. Completes the Acquisition of Roscioli Yachting Center

Expands presence in yacht category, enhancing infrastructure for further growth and amplifies service and repair offerings.

BUFORD, Ga. , Jan. 05, 2021 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or “the Company”) announced today that it has completed the acquisition of Roscioli Yachting Center, Inc. , including the related real estate and in-water slips. The transaction expands the Company’s presence in the yacht category and provides a springboard for further growth, while amplifying the Company’s service and repair offerings.

Roscioli Yachting Center is a renowned, full-service marina and yachting facility located in Fort Lauderdale, Florida , which has served yacht owners for over 50 years. The Roscioli team includes over one hundred skilled team members who utilize premier equipment and technology to provide customers with best-in-class services ranging from custom carpentry and fabrications, painting and refinishing, master mechanics and superior dockside hospitality. Roscioli generated revenues in excess of $15 million over the past twelve months.

“Bob Roscioli founded Roscioli Yachting Center with the mantra ‘Today’s the Day’, which is echoed by the OneWater team. We are incredibly proud to welcome the Roscioli team to the OneWater family and to blend their industry-leading skillset with our proven strategic vision. Together, we believe we will redefine the gold standard of yacht servicing and customer experience,” said Austin Singleton , Chief Executive Officer of OneWater Marine .

About OneWater Marine Inc.

OneWater Marine Inc. is one of the largest and fastest-growing premium recreational boat retailers in the United States . OneWater operates 69 stores throughout 10 different states, seven of which are in the top twenty states for marine retail expenditures. OneWater offers a broad range of products and services and has diversified revenue streams, which include the sale of new and pre-owned boats, parts and accessories, finance and insurance products, maintenance and repair services and ancillary services such as boat storage.

Investor or Media Contact: Jack Ezzell Chief Financial Officer [email protected]

Cautionary Statement Concerning Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including regarding our plans and expectations for Roscioli Yachting Center, Inc. , strategy, future operations, financial position, prospects, plans and objectives of management, growth rate and our expectations regarding future revenue, operating income or loss or earnings or loss per share. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “will be,” “will likely result,” “should,” “expects,” “plans,” “anticipates,” “could,” “would,” “foresees,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “outlook” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct.

Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those expressed or implied by these forward-looking statements include the following: risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the acquisition will not be realized or will not be realized within the expected time period, the risk that the businesses will not be integrated successfully, decline in demand for our products and services, the seasonality and volatility of the boat industry, our acquisition strategies, the inability to comply with the financial and other covenants and metrics in our credit facilities, cash flow and access to capital, effects of the COVID-19 pandemic and related governmental actions or restrictions on the Company’s business, the timing of development expenditures, and other risks. More information on these risks and other potential factors that could affect our financial results is included in our filings with the Securities and Exchange Commission , including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our 2020 Form 10-K filed on December 3, 2020 . Any forward-looking statement speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.

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Roscioli Yachting Center Sold to Bradford Marine

The roscioli yachting center in fort lauderdale has been sold to bradford marine..

OneWater Marine Inc. has announced that the Roscioli Yachting Center, located at 3225 W. State Road 84, has been sold to Bradford Marine on Tuesday, October 3.

OneWater entered a strategic relationship with Bradford Marine, completing a sale/leaseback arrangement of the Roscioli Yachting Center. Bradford Marine will acquire the service operation at the Roscioli Yachting Center along with all the related real estate, according to OneWater .

“This strategic relationship allows us to sharpen our focus on growing our Sunseeker Yacht sales, warranty and service operations, while also strengthening our balance sheet. Roscioli’s comprehensive yacht and mega yacht service offering is a natural complement to the highly regarded Bradford family of companies, and we look forward to a continued partnership for years to come,” said Austin Singleton, CEO for OneWater.

Proceeds from this transaction will help reduce the company’s long-term debt along with funding potential mergers and acquisitions.

The Roscioli Yachting Center is a full-service yachting facility that offers full propeller service, painting, refinishing, and can haul and launch up to 360 tons. The facility employs over 100 people, according to their website .

Bradford Marine is a full-service superyacht repair facility with locations in Fort Lauderdale and Freeport, Grand Bahama. The family-owned business was founded in 1966 and has a team of over 200 skilled craftsmen and women.

“We are proud to have acquired the Roscioli Yachting Center and to partner with OneWater on this transaction, and look forward to deepening our relationship with the Company in the years ahead,” said John Kelly, CEO of Bradford Marine. “We are excited about combining our adjoining properties and the expanded capabilities this transaction provides us, as we apply our customer focused philosophies, to change the yachting experience.”

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Member News: Roscioli Yachting Center

By: MIASF Staff

Date posted: Jan 27, 2021 Wed

Roscioli Yachting Center sold to OneWater Marine for $30M. OneWater Marine will keep the Roscioli name on the property and retain the employees. Roscioli Yachting Center was originally developed in 1985 and expanded in 2006. The facility has undercover storage for boats of up to 150 feet and offers a full range of yacht service and refurbishing capabilities.

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Roscioli Yachting Center Founder Bob Roscioli Dies

Bob Roscioli, founder and owner of Fort Lauderdale’s Roscioli Yachting Center, has died.

Roscioli, who was a marine industry icon, passed away on Monday, July 27 after being hospitalised with COVID-19, according to reports.

Beginning his career as an apprentice in 1962, Roscioli went on to become a well-known industry figure in the South Florida marine industry.

His career spanned many notable achievements, including the foundation of the state-of-the-art, full-service shipyard Roscioli Yacht Center.

It was here he became known for personally checking each project to ensure the highest quality was maintained, gaining a reputation as a meticulous perfectionist.

In the 1980s, he began building custom sportfishing yachts with Roscioli Deonzi Yachts, a long-held ambition.

A statement released by the Roscioli Yacht Center said: “Bob’s mantra “Today’s the Day” is the way he started every day at the yard. He could be seen walking the shipyard every morning, preparing for the day ahead.

“A true friend to first responders and veterans, Bob was an advocate of providing jobs and teaching those who have served or needed a chance. A true legacy to the marine industry.”

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Family-built legacy

With the acquisition of Roscioli Yachting Center, Bradford Marine integrated two teams with a family-built legacy and a rich history of delivering excellence in yacht repair and maintenance.

With expanded services, ongoing improvements and a dedicated team of more than 260 men and women committed to making yachting easy and more enjoyable, Bradford Marine has become the yard of choice.

Increased lift capacity

• 70-ton Travelift
• 150-ton Travelift
• 320-ton Travelift
• 200-ton Syncrolift

Capable of lifting vessels up to 150 feet.

Expanded dockage

In-Water Dockage

• 19,000 linear feet for yachts up to 180'

In-Water Covered Dockage

• 10,000 linear feet

Dry Dockage

• 3,500 linear feet total with 1,000 linear feet of covered dry dockage

Making Yachting Easy & Enjoyable

Bradford Marine

Fort lauderdale, 3051 west state road 84 fort lauderdale, fl 33312 954.791.3800, 100 queen’s highway freeport, grand bahama 242.352.7711, copyright © 2024 bradford marine. all rights reserved..