Atlanta-based OneWater Marine Holdings has acquired Bosun’s Marine with four retail locations in Massachusetts. Terms of the acquisition were not disclosed, but OneWater said it was one of its largest transactions to date.
Annual revenue at Bosun’s Marine exceeded $40 million in 2017.
Tim Leedham and his store managers will continue to lead the day-to-day operations under the Bosun’s Marine brand.
“We’re excited to team-up with Tim and work with his team to extend OneWater’s presence into New England,” said OneWater Marine Holdings CEO Austin Singleton in a statement.
“As a 5-Star Certified dealer, as well as a 12-year Boating Industry Top 100 dealer, Bosun’s has proven to be an industry-leader,” said Singleton. “As one of our largest transactions to date, we believe Tim and his team will be a perfect complement, and immediate contributor, to our family of dealerships. Bosun’s detailed expansion plans, coupled with OneWater’s resources, will accelerate Tim’s bold vision for continued sales growth in the Northeast.”
“We are excited to partner with OneWater Marine to accelerate bringing our vision for the future to life,” said Leedham. “Joining OneWater also allows us to contribute to, and share in, the exciting success of the greater growth of OneWater within the marine industry. OneWater also provides us with additional infrastructure and resources to better serve our team members and customers while having an immediate impact on our vision for New England expansion. We look forward to being an integral part of OneWater’s on-going growth and success.”
Bosun’s Marine will continue to operate its four retail locations in Massachusetts. All existing personnel are expected to remain with the company.