Company: OneWater Marine Holdings, South Shore Marine
Business Type: Vessel Broker
UK & International Business Sales and M&A News
Atlanta-based OneWater Marine Holdings has acquired South Shore Marine of Huron, Ohio. Tom Mack, former owner of South Shore Marine, will continue to manage the dealership under the South Shore Marine name. Terms of the acquisition were not disclosed.
South Shore Marine will continue to operate from its current location on the shores of Lake Erie in Huron, Ohio. A new, 13,000-square-foot sales showroom is scheduled to open in October 2017. All existing personnel will remain with the company.
“As we’ve sought to expand our geographic footprint into the Great Lakes region, the addition of South Shore Marine makes strategic sense. As a Five-Star Certified dealer, as well as Boating Industry Top 100 dealer for the last 10-plus years, South Shore has proven to be an industry-leader with a stellar reputation for customer service. We believe South Shore will be a perfect complement, and immediate contributor, to our portfolio of dealerships.”
Austin Singleton, CEO of OneWater Marine Holdings
“We are proud and look forward to becoming a part of OneWater’s big vision for the future. Joining OneWater allows us to contribute to, and share in, the long-term success of the greater organization. It also provides us with additional resources that free me up from the burdens of ownership while still allowing me to serve my team members and customers in leading the day-to-day operations. I plan to focus more on what I enjoy most about the boat business.”
Tom Mack, former owner of South Shore Marine
“KKR’s experience in the sector, global reach and digital expertise make it the perfect partner for Travelopia as we continue to grow. We have leading brands, loyal customers, deep destination expertise and a highly committed employee base, which puts us in a strong position to address the large and growing experiential travel market opportunity. I am very excited about the next chapter in Travelopia’s history and what it will offer our customers.”
Will Waggott, CEO of Travelopia
This acquisition marks OneWater’s entry into the Midwest market, as the rest of the company’s portfolio exists in the South and Mid-Atlantic regions.
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