OneWater Marine agreed to acquire Taylor Marine Centers, adding two retail locations on the Delmarva Peninsula, offering new and preowned boat sales, finance, and parts and services.
“This acquisition complements our recent acquisition of Norfolk Marine as we continue to expand our geographic presence in the Mid-Atlantic U.S. and integrate high-performing dealerships into our successful portfolio,” OneWater CEO Austin Singleton said in a statement this morning.
With locations in Milford, Del., and Ocean City, Md., Taylor Marine Centers is a third-generation, family-owned business that has been serving the Delmarva Peninsula for more than 50 years. Its brands include Boston Whaler, Grady-White, Regal and World Cat.
Taylor posted $29 million in sales during the past 12 months, OneWater said.
“The Van Rees family and crew at Taylor Marine Centers have an award-winning history of providing a premier selection of boating brands and best-in-class customer service, and we look forward to supporting them as they continue to expand their offerings and exceed customer expectations,” Singleton said.
OneWater said the transaction is expected to close in the next 90 days.