OneWater Marine Inc. announced that it has entered into a definitive agreement with OceanWorld Group (“OceanWorld”) to establish a strategic partnership for its Denison Yachting subsidiary, one of the world’s leading yacht brokerage and luxury yachting services businesses. Following the close of the transaction, OceanWorld will acquire a majority ownership interest in Denison Yachting, strengthening its global market presence and providing the resources and infrastructure required to support its next phase of growth.

The transaction brings together two established names in the global yachting industry with a shared vision to accelerate growth, invest in people, and build a truly international yachting platform spanning the United States, Europe, and the Middle East.

“Denison has built an exceptional reputation in yacht brokerage, charter, yacht management, and related services, and we believe OceanWorld’s international reach, relationships, and resources will help accelerate the growth of the platform worldwide,” said Austin Singleton, Executive Chairman of OneWater. “OceanWorld is the right partner to support Denison’s growth while preserving the entrepreneurial culture and customer-focused approach that have made the business successful.”

“This partnership aligns with our broader portfolio optimization strategy, allowing us to focus resources on core assets and long-term value creation, while remaining invested in Denison’s continued success.”

The transaction is subject to customary closing conditions, including the receipt of required consents, and is expected to close before the end of the calendar year.

About OneWater Marine Inc.

OneWater Marine Inc. is one of the largest and fastest-growing premium marine retailers in the United States. OneWater operates a total of 90 retail locations, 6 distribution centers / warehouses and multiple online marketplaces in 17 different states, several of which are in the top twenty states for marine retail expenditures. OneWater offers a broad range of products and services and has diversified revenue streams, which include the sale of new and pre-owned boats, finance and insurance products, parts and accessories, maintenance, repair and other services.