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OneWater Marine Finalizes Acquisition of Denison Yachting
In 2021, the Denison Yachting managed over 1,000 closings and saw an increase of 177% in yacht charters. The company operates 21 offices, including eight throughout Florida and one in Monaco. It has been ranked No. 1 in the world in superyacht sales for three consecutive years based on data provided by Boat International.
OneWater Marine Inc. is one of the largest and fastest-growing premium marine retailers in the U.S. OneWater operates 75 retail locations, 10 distribution centers/warehouses and multiple online marketplaces in 20 different states. The acquisition follows record-setting numbers by both companies at the Miami and Palm Beach Boat Shows and further advances OneWater’s growth and diversification strategy by enhancing its product portfolio and customer reach.
“Strong consumer demand continues to fuel our growth and strengthens our position as industry leaders throughout the United States, Europe, and the Mediterranean,” Bob Denison says, president of Denison Yachting. “Denison’s team of experienced yacht brokers is unparalleled in the world of yachting. Their commitment to taking incredible care of clients will be accelerated thanks to OneWater’s tools, resources, and support. We are excited to be joining the OneWater family, and we look forward to what our shared future holds.”
“We are thrilled to welcome Bob Denison and his team into the OneWater family, which expands and strengthens our presence in the superyacht and yacht categories,” Austin Singleton says, Chief Executive Officer for OneWater. “As we move through the second fiscal quarter, we continue to capitalize on record demand and a growing backlog. Orders at the Miami Boat show were off the charts for both OneWater and Denison, which underscore our combined position as the premier marine retailer of choice, from superyachts and yachts to traditional boat sales, parts, and service. We look forward to enhancing our leadership position in the market in the coming years.”
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Onewater marine inc. completes the acquisition of denison yachting.
Further advances growth and diversification strategy with leading superyacht dealer
BUFORD, Ga., April 05, 2022 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) announced today that it has completed the previously announced acquisition of Denison Yachting. The transaction expands the Company’s presence in the superyacht category and ancillary yacht service offerings, in addition to yacht brokerage and new boat sales.
Denison has ranked #1 in superyacht sales for three consecutive years, per Boat International’s BOATPRO database of the superyacht market. Further, Denison’s yacht charter and yacht management services, including its crew placement division, have experienced record growth since 2019.
“Denison Yachting is another outstanding addition to our impressive list of strategic acquisitions, significantly bolstering our product portfolio and customer reach. Bob Denison and his team have earned every ounce of their reputation as the worldwide leader in superyacht sales, and we are excited to have them aboard. We look forward to utilizing our combined strength to capitalize on robust demand, while also elevating our leadership position for years to come,” said Austin Singleton, Chief Executive Officer for OneWater.
About OneWater Marine Inc.
OneWater Marine Inc. is one of the largest and fastest-growing premium marine retailers in the United States. OneWater operates a total of 96 retail locations, 10 distribution centers/warehouses and multiple online marketplaces in 20 different states, several 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, finance and insurance products, parts and accessories, maintenance, repair and other services.
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 strategy, future operations, financial position, prospects, plans and objectives of management, growth rate and its 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: effects of industry wide supply chain challenges and our ability to maintain adequate inventory, changes in demand for our products and services, the seasonality and volatility of the boat industry, our acquisition and business 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, risks related to the ability to realize the anticipated benefits of any proposed or recent acquisitions within the anticipated timeframe or at all, including the risk that proposed or recent acquisitions will not be integrated successfully, 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 Annual Report on Form 10-K for the fiscal year ended September 30, 2021, which is on file with the SEC and available from OneWater Marine’s website at www.onewatermarine.com under the “Investors” tab, and in other documents OneWater Marine files with the SEC. 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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Denison Yachting
Denison has long been a leader in the yachting industry with a rich family history dating back to 1948, with the start of Broward Marine in Fort Lauderdale.
Today, Denison has become an American powerhouse leading with the highest volume of superyacht sales globally for the past 2 consecutive years (2019 & 2020). The company provides complete yachting services worldwide, from sales and charter to crew placement and new construction. Denison has 22 waterfront offices around the world from the U.S. to Europe, as well as a team of nearly 100 licensed and bonded yacht brokers proudly representing Alpha Yachts, Beneteau, Bertram, Excess Catamarans, Numarine, Van der Valk and Dufour Yachts. Decades of experience provide a long-term perspective on the industry, extensive industry contacts, a deep client roster and a passion for yachting. For more information, visit www.denisonyachtsales.com or call (954) 763-3971.
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Denison’s Newport Beach office is on Mariner’s Mile, the automotive and nautical heart of Newport Beach, California. This stretch of the Pacific Coast Highway is home to million-dollar yachts and luxury cars. Newport Beach is the perfect blend of sun, sand, and surf with the largest recreational harbor on the west coast. This seaside haven is popular for its stunning sunsets, fishing, surfing, and boating. Harbor-front shops and restaurants make it the ideal place to relax and enjoy the scenery. In addition to brokerage services, Denison’s Newport Beach office provides yacht marketing, yacht insurance, and yacht chartering services. With a large team of experienced brokers at our Newport Beach location, Denison is here to help assist in meeting any and all needs, whether it’s brokerage services, a slip, maintenance, local attractions, restaurants, or just a helpful hand!
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By SuperyachtNews 07 Mar 2022
OneWater Marine reaches agreement to acquire Denison Yachting
This news of acquisition follows denison yachting's expansion into europe at the tail end of 2021….
OneWater Marine (OneWater) and Denison Yachting have announced that an agreement has been reached for OneWater to acquire Denison Yachting. The deal is expected to be completed in OneWater’s fiscal third quarter.
“We are thrilled to welcome Bob Denison and his team into the OneWater family, which expands and strengthens our presence in the superyacht and yacht categories,” says Austin Singleton, Chief Executive Officer for OneWater. “As we move through the second fiscal quarter, we continue to capitalize on record demand and a growing backlog. Orders at the Miami Boat show were off the charts for both OneWater and Denison, which underscore our combined position as the premier marine retailer of choice from superyachts and yachts to traditional boat sales, parts and service. We look forward to enhancing our leadership position in the market in the coming years.”
OneWater’s acquisition of Denison Yachting is one of a number of high-profile brokerage acquisitions in recent years, of which the most notable was probably the acquisitions of Fraser and Northrop & Johnson by MarineMax. According to of OneWater, the acquisition of Denison Yachting will expand the company’s presence into the new build and superyacht brokerage sectors, as well as the ancillary yacht service offerings that come hand in hand with these foundational services.
“Strong consumer demand continues to fuel our growth and strengthens our position as industry leaders throughout the United States, Europe and the Mediterranean,” explains Bob Denison, President of Denison Yachting. “Denison’s team of experienced yacht brokers is unparalleled in the world of yachting. Their commitment to take incredible care of clients will be accelerated thanks to OneWater’s tools, resources and support. We are excited to be joining the OneWater family and we look forward to what our shared future holds.”
During Monaco Yacht Show 2021 Denison Yachting announced amongst other things that it would be opening its first European office in Monaco. The acquisition of Denison Yachting by OneWater signals the next step in the evolution of a business that has made its desire to expand and grow clear in recent years.
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Press Release Details
Onewater marine reaches agreement to acquire denison yachting, acquisition significantly expands superyacht sales, yacht sales, and ancillary yacht services.
Transaction Highlights:
- Denison and OneWater saw record yacht and boat sales at the recent Miami International Boat Show
- Denison is #1 in worldwide superyacht sales and expands capabilities in yacht brokerage, yacht charter, yacht management and crew services
- Further advances OneWater’s growth and diversification strategy, significantly bolstering product portfolio and customer reach
- Extends OneWater’s geographic footprint, adding 21 locations across 7 states, allowing for additional market share gains
- Expected to be immediately accretive to top-line growth, operating margin and earnings per share
BUFORD, Ga., March 02, 2022 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or “the Company”) announced today that it has reached an agreement to acquire Denison Yachting, which will expand the Company’s presence into the superyacht category and ancillary yacht service offerings, in addition to yacht brokerage and new boat sales. The transaction is expected to close in the Company’s fiscal third quarter.
“We are thrilled to welcome Bob Denison and his team into the OneWater family, which expands and strengthens our presence in the superyacht and yacht categories,” said Austin Singleton, Chief Executive Officer for OneWater. “As we move through the second fiscal quarter, we continue to capitalize on record demand and a growing backlog. Orders at the Miami Boat show were off the charts for both OneWater and Denison, which underscore our combined position as the premier marine retailer of choice from superyachts and yachts to traditional boat sales, parts and service. We look forward to enhancing our leadership position in the market in the coming years.”
Bob Denison, President of Denison Yachting said, “Strong consumer demand continues to fuel our growth and strengthens our position as industry leaders throughout the United States, Europe and the Mediterranean. Denison’s team of experienced yacht brokers is unparalleled in the world of yachting. Their commitment to take incredible care of clients will be accelerated thanks to OneWater’s tools, resources and support. We are excited to be joining the OneWater family and we look forward to what our shared future holds.”
With 70+ years of yachting history and expertise, Denison has proudly served for three generations as a leader in the yachting industry. Denison generated sales in excess of $80 million in calendar year 2021 and was ranked #1 in superyacht worldwide sales based on data provided by Boat International. Denison is an authorized dealer for a number of prestigious brands including Bertram, Beneteau Sailing Yachts, Beneteau Express GT’s, Swift Trawlers, Monte Carlo Yachts, Numarine, Alpha Marine and Excess Catamarans.
About OneWater Marine Inc.
OneWater Marine Inc. is one of the largest and fastest-growing premium marine retailers in the United States. OneWater operates a total of 75 retail locations, 10 distribution centers/warehouses and multiple online marketplaces in 16 different states, several 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, finance and insurance products, parts and accessories, maintenance, repair and other services.
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 strategy, future operations, financial position, prospects, plans and objectives of management, growth rate and its expectations regarding future revenue, operating income or loss or earnings, loss per share or earnings before interest, taxes, depreciation and amortization (EBITDA). 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 satisfaction of the conditions to closing the acquisition in the anticipated timeframe or at all, risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the proposed 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, restrictions on the availability of inventory, the seasonality and volatility of the boat industry, our acquisition and business 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 Annual Report on Form 10-K for the fiscal year ended September 30, 2021 and in our subsequently filed Quarterly Reports on Form 10-Q, each of which is on file with the SEC and available from OneWater Marine’s website at www.onewatermarine.com under the “Investors” tab, and in other documents OneWater Marine files with the SEC. 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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America's team of yacht brokers + yacht charter specialists offer their clients 3 generations of yachting expertise. Whether you want to sell your yacht, buy a new yacht or experience a superyacht charter , the Denison family is here to help. New yacht lines include Dufour, Beneteau Express GT's + Swift Trawlers, Numarine, LEKKER Boats.
Denison New Yachts. Call to speak with a licensed yacht. broker today: (954) 763-3971.
BUFORD, Ga., April 05, 2022 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) ("OneWater" or the "Company") announced today that it has completed the previously announced acquisition of Denison Yachting. The transaction expands the Company's presence in the superyacht category and ancillary yacht service offerings, in addition ...
Adam Quandt March 3, 2022. OneWater Marine Inc. announced that it has reached an agreement to acquire Denison Yachting, which will expand the Company's presence into the superyacht category and ancillary yacht service offerings, in addition to yacht brokerage and new boat sales. The transaction is expected to close in the Company's fiscal ...
Denison Yachting, Fort Lauderdale. 88,866 likes · 615 talking about this · 485 were here. An American yachting family since 1948 specializing in superyacht, new boat, brokerage, charter, etc.
The acquisition of Denison Yachting will help increase the OneWater portfolio featuring superyacht sales, yacht charters and ancillary yacht services, including yacht management and crew placement. In 2021, the Denison Yachting managed over 1,000 closings and saw an increase of 177% in yacht charters. The company operates 21 offices, including ...
Denison Yachting is #1 in yacht sales over 80-feet-long for the second year in a row. Denison Yachting. When the full force of the Covid 19 global pandemic hit, members of the yachting industry ...
Mariner's Mile - 2429 West Coast Hwy #101, Newport Beach, California, 92663, United States. Denison Yacht Sales would love to help you buy or sell your next yacht! You can speak live to a Denison Yacht Sales team member 7 days a week! Se habla Espanol. 28 boats. Sort By : Recommended.
Denison has ranked #1 in superyacht sales for three consecutive years, per Boat International's BOATPRO database of the superyacht market. Further, Denison's yacht charter and yacht management ...
The company provides complete yachting services worldwide, from sales and charter to crew placement and new construction. Denison has 22 waterfront offices around the world from the U.S. to Europe, as well as a team of nearly 100 licensed and bonded yacht brokers proudly representing Alpha Yachts, Beneteau, Bertram, Excess Catamarans, Numarine ...
The Denison Yachting Channel offers you a range of videos to help you find your next boat. From virtual tours and boat tests to new/used power and sailboats for sale or charter, you will find ...
Tue 9:00AM - 5:00PM. Wed 9:00AM - 5:00PM. Thu 9:00AM - 5:00PM. Fri 9:00AM - 5:00PM. Denison's Newport Beach office is on Mariner's Mile, the automotive and nautical heart of Newport Beach, California. This stretch of the Pacific Coast Highway is home to million-dollar yachts and luxury cars. Newport Beach is the perfect blend of sun, sand ...
Denison New Yacht Sales, LLC. and Denison Yacht Sales, Inc., a South Florida yacht brokerage, are the first defendants in a recently consolidated federal antitrust class action lawsuit to move for ...
During Monaco Yacht Show 2021 Denison Yachting announced amongst other things that it would be opening its first European office in Monaco. The acquisition of Denison Yachting by OneWater signals the next step in the evolution of a business that has made its desire to expand and grow clear in recent years. Profile links. Denison Yacht Sales
Denison generated sales in excess of $80 million in calendar year 2021 and was ranked #1 in superyacht worldwide sales based on data provided by Boat International. Denison is an authorized dealer for a number of prestigious brands including Bertram, Beneteau Sailing Yachts, Beneteau Express GT's, Swift Trawlers, Monte Carlo Yachts, Numarine ...
DENISON NEW YACHTS LLC is a Maryland Foreign LLC filed on August 2, 2021. The company's filing status is listed as Active and its File Number is Z22044218. The Registered Agent on file for this company is Maryland Registered Agent Inc and is located at 5000 Thayer Center #c, Oakland, MD 21550. The company's principal address is 850 N.E 3rd ...
Denison generated sales in excess of $80 million in calendar year 2021 and was ranked #1 in superyacht worldwide sales based on data provided by Boat International. Denison is an authorized dealer ...
Free and open company data on Connecticut (US) company Denison New Yachts, LLC (company number 2295139), 850 NE 3rd Street #205, Dania Beach, FL, 33004
There are 4 companies that go by the name of Denison New Yachts, LLC. These companies are located in Barrington RI, Dania Beach FL, Hartford CT, Marina Del Rey CA, Oakland MD, and Stuart FL. The information on this page is being provided for the purpose of informing the public about a matter of genuine public interest.
DENISON NEW YACHTS, LLC is a Connecticut Foreign LLC filed on July 6, 2021. The company's filing status is listed as Active and its File Number is 2295139. The Registered Agent on file for this company is Secretary Of State and is located at 165 Capitol Ave. P.O. Box 150470, Hartford, CT 06115-0470. The company's principal address is 850 Ne 3rd ...
DENISON NEW YACHTS LLC (LEI# 5493002BEQRFCKOZL358) is a legal entity registered with BUSINESS ENTITY DATA B.V.. The address is 850 NE 3rd Street, Suite 113, Dania Beach, US-FL, 33004, US. Toggle navigation open corp data