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.”