OneWater Marine acquires Denison Yachting
US-based dealership chain OneWater Marine has reached an agreement to acquire Florida-based dealer Denison Yachting.
Denison, which has 22 locations across the United States, says the agreement will expand the company’s presence into the superyacht category and ancillary yacht service offerings, in addition to yacht brokerage and new boat sales. The transaction is expected to close in the company’s fiscal third quarter.
“We are thrilled to welcome Bob Denison and his team into the OneWater family, which expands and strengthens our presence in the superyacht and yacht categories,” says Austin Singleton, CEO for OneWater. “As we move through the second fiscal quarter, we continue to capitalise on record demand and a growing backlog. Orders at the Miami Boat show were off the charts for both OneWater and Denison, which underscore our combined position as the premier marine retailer of choice from superyachts and yachts to traditional boat sales, parts and service. We look forward to enhancing our leadership position in the market in the coming years.”
Denison, which has been in business for seven decades, generated sales in excess of US$80 million in the calendar year 2021. In October, Marine Industry News reported how Denison had seen a substantial increase in charter trends and sales during 2021. The company’s 2021 sales had accounted for 16 per cent of all global superyacht sales last year at the time of writing.
Bob Denison, president of Denison Yachting says: “Strong consumer demand continues to fuel our growth and strengthens our position as industry leaders throughout the United States, Europe and the Mediterranean. Denison’s team of experienced yacht brokers is unparalleled in the world of yachting. Their commitment to take incredible care of clients will be accelerated thanks to OneWater’s tools, resources and support. We are excited to be joining the OneWater family and we look forward to what our shared future holds.”
