OneWater Marine Holdings acquires dealer Texas Marine

Publish date:
Social count:

Atlanta-based OneWater Marine Holdings announced it acquired Texas Marine, which has served the state’s southeast 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,” Austin Singleton, CEO of OneWater, said in a statement. “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,” Hebert said. “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 locations in Beaumont, Conroe and Clearlake.


MRAA welcomes new partner member

Marina and marine management software provider DockMaster has become the newest partner member of the Marine Retailers Association of the Americas.

Caterpillar to close two facilities

Caterpillar Inc. will close two facilities in Texas and Panama and is considering shutting its engine manufacturing plant in Illinois as part of a strategy to boost profitability and better handle business cycles, according to Reuters.

Brunswick executive honored by Savoy magazine

Danielle Brown, vice president and chief information officer for Brunswick Corp., was recently honored among the "Most Influential Blacks in Corporate America" as chosen by Savoy Magazine, a leading African-American lifestyle publication.