OneWater Marine Holdings LLC said it acquired Sunrise Marine of Florida and Alabama.
Terms of the acquisition were not disclosed.
“With a growth rate in middle-class families that exceeds the national average, along with the [Gulf of Mexico’s] diverse fishing and boating activities that attract millions of additional visitors every year, expanding our presence on the Emerald Coast will allow us to help even more people enjoy the salt life,” OneWater Marine Holdings CEO Austin Singleton said in a statement. “As we continue to rapidly expand, we’re excited to add a high-volume dealership like Sunrise Marine.”
Sunrise Marine sells new Chaparral, Robalo, Contender, Carolina Skiff, Cape Horn, World Cat, Bennington, Sweetwater and Hurricane boats. Sunrise said it is one of the largest used-boat dealers on Florida’s Emerald Coast.
“When exploring potential exit options, we wanted to make sure that our long-standing employees and customers were going to benefit from any transfer of ownership,” said Philip Foss, former owner and general manager of Sunrise Marine.
“Joining OneWater frees us up from the personal commitment and financial obligations of ownership while allowing us to offer better benefits and services to our loyal employees and customers: benefits and services we couldn’t otherwise provide as an independent dealer.”
The company said it will continue to operate its current locations on U.S. Route 98 in Mary Esther, Fla., and Daphne, Ala., under the Sunrise Marine name. All existing personnel will remain with the company.