EX-99.1
3
brhc10031426_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
OneWater Marine Inc. Completes the Acquisition of T-H Marine
Significantly enhances presence in parts and accessories, further diversifies revenue streams
BUFORD, Ga., December 2, 2021 - OneWater Marine Inc. (NASDAQ: ONEW) ("OneWater" or the "Company") announced today that it has completed
the previously announced acquisition of T-H Marine, a leading provider of branded marine parts and accessories. OneWater expects that the acquisition will significantly expand the Company's presence in the parts and accessories sector. The
transaction is expected to more than double the annual revenue of OneWater's current business in the space.
"We couldn't be more excited to welcome Jeff Huntley Sr. and his team into the OneWater family. This transaction meaningfully advances
OneWater's strategic growth and diversification strategy and is expected to materially expand our addressable market in the parts and accessories business. T-H Marine will serve as an additional platform for growth with its strong pipeline in
both product development and its own acquisition strategy, led by an experienced and capable team. With T-H Marine, we can now provide a more complete offering to our customers while continuing to drive growth and unlocking value for our
shareholders", said Austin Singleton, Chief Executive Officer for OneWater.
About OneWater Marine Inc.
OneWater Marine Inc. is one of the largest and fastest-growing premium recreational boat retailers in the United States. OneWater
operates 71 stores throughout 11 different states, eight 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, parts and accessories, finance and insurance products, maintenance and repair services and ancillary services such as boat storage.
Investor or Media Contact:
Jack Ezzell
Chief Financial Officer
IR@OneWaterMarine.com
Cautionary Statement Concerning Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995,
including regarding our strategy, future operations, financial position, prospects, plans and objectives of management, growth rate and its expectations regarding future revenue, operating income or loss or earnings or loss per share. In some
cases, you can identify forward-looking statements because they contain words such as "may", "will", "will be", "will likely result", "should", "expects", "plans", "anticipates", "could", "would", "foresees", "intends", "target", "projects,"
"contemplates", "believes", "estimates", "predicts", "potential", "outlook" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These forward-looking
statements are not guarantees of future performance, but are based on management's current expectations, assumptions and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks
and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct.
Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those
expressed or implied by these forward-looking statements include the following: effects of industry wide supply chain challenges and our ability to maintain adequate inventory, changes in demand for our products and services, the seasonality
and volatility of the boat industry, our acquisition and business strategies, the inability to comply with the financial and other covenants and metrics in our credit facilities, cash flow and access to capital, effects of the COVID-19 pandemic
and related governmental actions or restrictions on the Company's business, risks related to the ability to realize the anticipated benefits of any proposed or recent acquisitions within the anticipated timeframe or at all, including the risk
that proposed or recent acquisitions will not be integrated successfully, the timing of development expenditures, and other risks. More information on these risks and other potential factors that could affect our financial results is included
in our filings with the Securities and Exchange Commission, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our Annual Report on Form 10-K for the fiscal
year ended September 30, 2020 and in our subsequently filed Quarterly Reports on Form 10-Q, each of which is on file with the SEC and available from OneWater Marine's website at
www.onewatermarine.com
under the "Investors" tab, and in other documents OneWater Marine files with the SEC. Any forward-looking statement speaks only as of the date as of which such statement is made,
and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.

EX - 99 . 1 3 brhc10031426 _ ex99 - 1 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 OneWater Marine Inc . Completes the Acquisition of T - H Marine Significantly enhances presence in parts and accessories , further diversifies revenue streams BUFORD , Ga . , December 2 , 2021 - OneWater Marine Inc . ( NASDAQ : ONEW ) ( " OneWater " or the " Company " ) announced today that it has completed the previously announced acquisition of T - H Marine , a leading provider of branded marine parts and accessories . OneWater expects that the acquisition will significantly expand the Company 's presence in the parts and accessories sector . The transaction is expected to more than double the annual revenue of OneWater 's current business in the space . " We could n ' t be more excited to welcome Jeff Huntley Sr. and his team into the OneWater family . This transaction meaningfully advances OneWater 's strategic growth and diversification strategy and is expected to materially expand our addressable market in the parts and accessories business . T - H Marine will serve as an additional platform for growth with its strong pipeline in both product development and its own acquisition strategy , led by an experienced and capable team . With T - H Marine , we can now provide a more complete offering to our customers while continuing to drive growth and unlocking value for our shareholders " , said Austin Singleton , Chief Executive Officer for OneWater . About OneWater Marine Inc . OneWater Marine Inc . is one of the largest and fastest - growing premium recreational boat retailers in the United States . OneWater operates 71 stores throughout 11 different states , eight 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 , parts and accessories , finance and insurance products , maintenance and repair services and ancillary services such as boat storage . Investor or Media Contact : Jack Ezzell Chief Financial Officer IR@OneWaterMarine.com Cautionary Statement Concerning Forward - Looking Statements This press release may contain " forward - looking statements " within the meaning of the Private Securities Litigation Reform Act of 1995 , including regarding our strategy , future operations , financial position , prospects , plans and objectives of management , growth rate and its expectations regarding future revenue , operating income or loss or earnings or loss per share . In some cases , you can identify forward - looking statements because they contain words such as " may " , " will " , " will be " , " will likely result " , " should " , " expects " , " plans " , " anticipates " , " could " , " would " , " foresees " , " intends " , " target " , " projects , " " contemplates " , " believes " , " estimates " , " predicts " , " potential " , " outlook " or " continue " or the negative of these words or other similar terms or expressions that concern our expectations , strategy , plans or intentions . These forward - looking statements are not guarantees of future performance , but are based on management 's current expectations , assumptions and beliefs concerning future developments and their potential effect on us , which are inherently subject to uncertainties , risks and changes in circumstances that are difficult to predict . Our expectations expressed or implied in these forward - looking statements may not turn out to be correct . Important factors , some of which are beyond our control , that could cause actual results to differ materially from our historical results or those expressed or implied by these forward - looking statements include the following : effects of industry wide supply chain challenges and our ability to maintain adequate inventory , changes in demand for our products and services , the seasonality and volatility of the boat industry , our acquisition and business strategies , the inability to comply with the financial and other covenants and metrics in our credit facilities , cash flow and access to capital , effects of the COVID - 19 pandemic and related governmental actions or restrictions on the Company 's business , risks related to the ability to realize the anticipated benefits of any proposed or recent acquisitions within the anticipated timeframe or at all , including the risk that proposed or recent acquisitions will not be integrated successfully , the timing of development expenditures , and other risks . More information on these risks and other potential factors that could affect our financial results is included in our filings with the Securities and Exchange Commission , including in the " Risk Factors " and " Management 's Discussion and Analysis of Financial Condition and Results of Operations " sections of our Annual Report on Form 10 - K for the fiscal year ended September 30 , 2020 and in our subsequently filed Quarterly Reports on Form 10 - Q , each of which is on file with the SEC and available from OneWater Marine 's website at www.onewatermarine.com under the " Investors " tab , and in other documents OneWater Marine files with the SEC . Any forward - looking statement speaks only as of the date as of which such statement is made , and , except as required by law , we undertake no obligation to update or revise publicly any forward - looking statements , whether because of new information , future events , or otherwise .