OneWater Marine announces strategic relationship with Bradford Marine

OneWater Marine announced that it has entered into a strategic relationship with Bradford Marine, in which OneWater completed a sale/leaseback arrangement of the Roscioli Yachting Center with Bradford Marine to provide world-class support for the OneWater Yacht Group and Sunseeker brands. Concurrently, Bradford Marine will acquire the service operation at the Roscioli Yachting Center and all of the related real estate. The proceeds from this transaction will be used to reduce the Company’s long-term debt, as well as fund ongoing strategic M&A opportunities. “This strategic relationship allows us to sharpen our focus on growing our Sunseeker Yacht sales, warranty and service operations, while also strengthening our balance sheet. Roscioli’s comprehensive yacht and mega yacht service offering is a natural complement to the highly regarded Bradford family of companies, and we look forward to a continued partnership for years to come,” said Austin Singleton, Chief Executive Officer for OneWater.