Atlanta-based OneWater Marine Holdings has acquired Texas Marine, which has served the Southeast Texas market since 1981 and had 2017 total revenues approaching $40 million.
Mike Hebert and his team will continue to lead operations under the Texas Marine name. Terms of the acquisition were not disclosed.
“We are excited to expand our already strong presence in Southeast Texas,” said Austin Singleton, CEO of OneWater Marine Holdings. “As a 5-Star Certified dealer, the No. 1 dealer for Nautic Star and Avalon pontoons, as well as No. 19 in Boating Industry’s Top 100 dealer rankings, Texas Marine has proven to be an industry-leader with a stellar reputation for customer service. We believe they are a perfect complement, and will be an immediate contributor to our portfolio of dealerships.”
“OneWater Marine has a great vision for the future. We are excited to become a key contributor to their continued success,” said Hebert. “Joining OneWater also provides us with additional resources that free me up from the commitments of ownership while allowing me to serve our team and customers in leading the day-to-day operations.”
Texas Marine will continue to operate its current locations in Beaumont, Conroe, and Clearlake.