OneWater Marine climbs on deal to buy Taylor Marine Centers

OneWater Marine

24/08/2022 12:51

** Shares of OneWater Marine Inc  ONEW.O  climb 3% premarket
to $42.7
    ** The marine retailer reaches an agreement to acquire
Taylor Marine Centers  urn:newsml:reuters.com:*:nGNX5M7fhV
    ** Deal will  expand ONEW's presence in the Mid-Atlantic
U.S.
    ** ONEW did not disclose financial details of the deal,
which is expected to close in the next 90 days
    ** "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," says Austin
Singleton, CEO of OneWater
    ** Taylor Marine Centers generated about $29 mln in sales
over the past 12 months
    ** ONEW down 32% YTD

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))