OneWater Marine has been named James Brewer managing director of the facility.
The acquisition further expands OneWater’s reach in the Northeast.
Launching OneWater Yacht Group, the boat retailer continues to refine its growth strategy after a year of record acquisitions and revenue.
The company had a 39 percent increase in revenue and closed on three of its largest acquisitions to date.
The company attributed its strong quarterly growth to its digital presence and record demand.
The company — which saw a 29.8 percent revenue increase in its fiscal Q4 — also announced it will acquire Tom George Yacht Group.
The company is launching a multi-phased rollout of an online marketplace for new and pre-owned boat sales.
The company, reporting its Q3 results, believes strong demand for boats, fueled by the pandemic, will continue into 2021.
A 19.4 percent increase in preowned-boat sales, along with F&I income, were major drivers.
Austin Singleton and Anthony Aisquith are waiving their salaries for two months to increase cash flow during “extraordinary times.”
The retailer held its first financials conference call as a public company.
It’s the company’s first financial report since its initial public offering.
The group, which owns 63 marinas and boat dealerships, started trading today on the NASDAQ market under the symbol ONEW.
David K. Witty, Joey Jones and Cory Sneed were promoted to new positions.