Atlanta-based OneWater Marine Holdings LLC said it acquired Grande Yachts International, which has 11 coastal locations in New York, Maryland, Virginia, North Carolina, South Carolina and Florida.
Terms of the deal were not disclosed.
Grande Yachts, based in Grasonville, Md., offers Tiara, Riviera, Absolute, Prestige and Jeanneau, as well as EdgeWater, Pursuit, SeaFox and Chris-Craft boats.
The company will continue to operate its current locations under the Grande Yachts International name. All existing personnel will remain with the company.
“Looking to expand our geographic footprint into the Northeast, as well as to build upon our growing success in selling larger vessels, adding Grande Yachts International to our dealer portfolio made perfect sense,” OneWater Marine Holdings CEO Austin Singleton said in a statement. “As we continue in aggressive acquisition mode, we’re excited to have added a proven dealer that sells premium brands in growing coastal markets.”
“I’ve been impressed with OneWater’s acquisition of such a wide variety of dealerships, in differing product segments, and allowing them to maintain their own identities while simultaneously leveraging economies of scale,” Grande Yachts president Bryan Braley said.
“Joining OneWater provides me the added resources and structure to continue to grow our business while allowing me to focus more of my energy and attention supporting our incredible employees and amazing customers.”