OneWater Marine

The retailer saw an all-time high in revenue for its 2021 fiscal year, with $1.23 billion in sales. It also reported Q4 results.

The agreed-upon acquisition will further expand OneWater’s presence in the Mid-Atlantic region.

OneWater Marine purchased the Huntsville, Ala.-based P&A provider for around $185 million.

The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.

Expected to close later this year, the acquisition further expands OneWater’s presence in Florida.

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.

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.

The group, which owns 63 marinas and boat dealerships, started trading today on the NASDAQ market under the symbol ONEW.