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OneWater Marine Reaches Agreement to Acquire Taylor Marine Centers

Acquisition Will Further Expand U.S. Mid-Atlantic Presence

BUFORD, GA., August 24, 2022 – OneWater Marine Inc. (NASDAQ:ONEW) (“OneWater” or “the Company”) announced today that it has entered into an agreement to acquire Taylor Marine Centers, which will further expand the Company’s presence in the Mid-Atlantic in the United States and improve new and used boat sales, financing, parts and service offerings. The transaction is expected to close within the next 90 days.

“Taylor Marine Centers is another great addition to the OneWater family. This acquisition complements our recent acquisition of Norfolk Marine as we continue to expand our geographic presence in the mid-Atlantic in the United States and integrate successful dealers into our successful portfolio,” said Austin Singleton, Managing Director of OneWater. “The Van Rees family and crew at Taylor Marine Centers have an award-winning history of providing a selection of boat brands and service. top-notch customer, and we look forward to supporting them as they continue to expand their offering and exceed customer expectations.”

Taylor Marine Centers is a third-generation, family-owned business that has been serving boaters on the Delmarva Peninsula for over 50 years. The Van Rees family has longstanding relationships with leading customers and boating brands including Boston Whaler, Grady White, Regal and World Cat. Taylor Marine Centers has generated approximately $29 million in sales over the past twelve months and provides top-notch service from its factory-trained technicians at both of its locations.

Dirk Van Rees, co-owner of Taylor Marine Centers, said: “We are delighted to join the OneWater family. Our philosophy has always been to sell only the highest quality products, at competitive prices and to provide the highest level of customer satisfaction. With OneWater’s resources and expertise at our side, we look forward to enhancing our offering that keeps so many of our customers coming back.

About OneWater Marine Inc.

OneWater Marine Inc. is one of the largest and fastest growing premium marine retailers in the United States. OneWater operates a total of 96 retail outlets, 10 distribution centers/warehouses and multiple online marketplaces in 20 different states, including several in the top twenty states for marine retail spend. OneWater offers a wide range of products and services and has diversified revenue streams, which include the sale of new and used boats, financing and insurance products, parts and accessories, maintenance, repair and other services.

Caution Regarding Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to our strategy, future operations, financial condition, prospects, plans and objectives of management, its rate of growth and its expectations regarding future revenue, operating profit 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”, “probably result”, “should”, “expect”, “plan”. , “anticipates”. “, “could”, “would”, “plan”, “intend”, “target”, “plan”, “intend”, “believe”, “estimate”, “predict”, “potential”, “prospect” or “continue” or the negative form of these words or other similar terms or expressions relating to 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 regarding future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes. circumstances difficult to predict. . Our expectations expressed or implied by these forward-looking statements may prove to be incorrect.

Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or from those expressed or implied by such forward-looking statements include the following: the effects of supply chain challenges industry-wide supply and our ability to maintain adequate inventory, changes in demand for our products and services, seasonality and volatility in the boating industry, our acquisition and business strategies, the inability to comply with financial and other covenants and parameters of our credit facilities, cash flow and access to capital, the effects of the COVID-19 pandemic and related government actions or restrictions on the Company’s business , risks relating to the ability to realize the anticipated benefits of any proposed or recent acquisitions within the expected timeframes, if any, including the risk that proposed acquisitions or recent acquisitions will not be successfully integrated, the timing of development expenditures and other risks.

Further information about 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 sections “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021 and in our subsequently filed Quarterly Reports on Form 10-Q, each filed with the SEC and available at of OneWater Marine at under the “Investors” tab, and in other documents that OneWater Marine files with the SEC. Any forward-looking statement speaks only as of the date such statement is made and, except as required by law, we undertake no obligation to publicly update or revise any forward-looking statement, whether due to new information, future events, or otherwise.

Investor or media contact:

Jack Ezzell

Financial director


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