OneWater Marine to acquire Garden State Yacht Sales, terms undisclosed

OneWater Marine announced that it has signed a definitive agreement to acquire Garden State Yacht Sales, which further expands the company’s presence in the Mid-Atlantic U.S. and enhances new and pre-owned boat sales, finance, and parts and services offerings. Garden State Yacht Sales is a full-service marina and boat dealer located in Point Pleasant Beach, New Jersey offering brands such as Bennington, Cobia, Everglades, Pathfinder, Twin Vee, Aquasport and Pursuit. In addition to being one of the largest parts and accessories retailers in the state of New Jersey, Garden State’s specialized services include maintenance and repair, winterization, and storage. Under the terms of the agreement, OneWater will acquire the net assets of the operation, including inventory, for minimal capital outlay. Garden State generated approximately $14M in sales in 2023.