Atlanta-based OneWater Marine Holdings has made its fourth acquisition of 2016, adding Sunrise Marine of Florida and Alabama. Terms of the acquisition were not disclosed.
“With a growth rate in middle-class families that exceeds the national average, along with the Gulf’s diverse fishing and boating activities that attract millions of additional visitors every year, expanding our presence on the Emerald Coast will allow us to help even more people enjoy the Salt Life,” said Austin Singleton, CEO of OneWater Marine Holdings. “As we continue to rapidly expand, we’re excited to add a high-volume dealership like Sunrise Marine.”
“When exploring potential exit options, we wanted to make sure that our longstanding employees and customers were going to benefit from any transfer of ownership.” said Philip Foss, former owner and general manager of Sunrise Marine. “Joining OneWater frees us up from the personal commitment and financial obligations of ownership while allowing us to offer better benefits and services to our loyal employees and customers; benefits and services we couldn’t otherwise provide as an independent dealer.”
Sunrise Marine sells new Chaparral, Robalo, Contender, Carolina Skiff, Cape Horn, Worldcat, Bennington, Sweetwater, and Hurricane boats. Sunrise is also one of the largest used boat dealers on the Emerald Coast. The company will continue to operate its current locations on Highway 98 in Mary Esther, Fla., and Daphne, Ala., under the Sunrise Marine name. All existing personnel will remain with the company.
Just last month, OneWater announced the acquisition of Texas Sports Boats. In June, the company added Kentucky’s Lookout Marine and Sea Ray of Lake Cumberland. That followed the February acquisition of Florida-based SunDance Marine.