{"id":533696,"date":"2021-09-02T07:33:20","date_gmt":"2021-09-02T11:33:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/onewater-marine-inc-completes-the-acquisition-of-partsvu\/"},"modified":"2021-09-02T07:33:20","modified_gmt":"2021-09-02T11:33:20","slug":"onewater-marine-inc-completes-the-acquisition-of-partsvu","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/onewater-marine-inc-completes-the-acquisition-of-partsvu\/","title":{"rendered":"OneWater Marine Inc. Completes the Acquisition of PartsVu"},"content":{"rendered":"<h2>\nExpands presence in parts and accessories, further diversifies revenue streams<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">BUFORD, Ga., Sept.  02, 2021  (GLOBE NEWSWIRE) &#8212; OneWater Marine Inc. (NASDAQ: ONEW) (\u201cOneWater\u201d or \u201cthe Company\u201d) announced today that it has completed the previously announced acquisition of PartsVu (\u201cPartsVu\u201d), an online marketplace for OEM marine parts, electronics and accessories. PartsVu enhances the Company\u2019s presence in the marine parts and accessories sector while helping reduce exposure to the cyclicality of boat sales.<\/p>\n<p align=\"justify\">\u201cWe are thrilled to officially welcome the PartsVu team to the OneWater family as we continue to execute on our strategic growth initiatives and drive increased value for our stockholders. The strength of our combined business further solidifies our leadership position in the marine industry and, notably, in the high margin parts and accessories business,\u201d said Austin Singleton, Chief Executive Officer for OneWater.<\/p>\n<p align=\"justify\">\n        <strong>About OneWater Marine Inc. <\/strong><br \/>\n        <br \/>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.<\/p>\n<p align=\"left\">\n        <strong>Investor or Media Contact:<\/strong><br \/>\n        <br \/>Jack Ezzell<br \/>Chief Financial Officer<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iZoCL6W9rHGaZfyJLbGL7qZ9aaGZkDZ2gMakpiwGngLUKjrSrfWsr1oy35p3Sgj8QRuPOWOWYz3DoQessQ1SzKbpV3EFOdl5BpafC0YEI2s=\" rel=\"nofollow noopener\" target=\"_blank\"><u>IR@OneWaterMarine.com<\/u><\/a><\/p>\n<p align=\"left\">\n        <strong>Cautionary Statement Concerning Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release may contain \u201cforward-looking statements\u201d 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\u00a0\u201cmay,\u201d \u201cwill,\u201d \u201cwill be,\u201d \u201cwill likely result,\u201d \u201cshould,\u201d \u201cexpects,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cforesees,\u201d \u201cintends,\u201d \u201ctarget,\u201d \u201cprojects,\u201d \u201ccontemplates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d \u201coutlook\u201d or \u201ccontinue\u201d 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&#8217;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.<\/p>\n<p align=\"justify\">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\u2019s 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 \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d 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\u2019s website at www.onewatermarine.com under the \u201cInvestors\u201d 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.<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMxOTE5NSM0Mzg2MDg2IzIxODc3NzQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NzNlNTEwZDUtNmZjMi00ZmFlLThjNjctMmVkOWMwOGVhYzUzLTExOTkzMjc=\/tiny\/OneWater-Marine-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Expands presence in parts and accessories, further diversifies revenue streams BUFORD, Ga., Sept. 02, 2021 (GLOBE NEWSWIRE) &#8212; OneWater Marine Inc. (NASDAQ: ONEW) (\u201cOneWater\u201d or \u201cthe Company\u201d) announced today that it has completed the previously announced acquisition of PartsVu (\u201cPartsVu\u201d), an online marketplace for OEM marine parts, electronics and accessories. PartsVu enhances the Company\u2019s presence in the marine parts and accessories sector while helping reduce exposure to the cyclicality of boat sales. \u201cWe are thrilled to officially welcome the PartsVu team to the OneWater family as we continue to execute on our strategic growth initiatives and drive increased value for our stockholders. The strength of our combined business further solidifies our leadership position in the marine industry and, notably, in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/onewater-marine-inc-completes-the-acquisition-of-partsvu\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;OneWater Marine Inc. Completes the Acquisition of PartsVu&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-533696","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OneWater Marine Inc. Completes the Acquisition of PartsVu - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/onewater-marine-inc-completes-the-acquisition-of-partsvu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OneWater Marine Inc. Completes the Acquisition of PartsVu - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Expands presence in parts and accessories, further diversifies revenue streams BUFORD, Ga., Sept. 02, 2021 (GLOBE NEWSWIRE) &#8212; OneWater Marine Inc. (NASDAQ: ONEW) (\u201cOneWater\u201d or \u201cthe Company\u201d) announced today that it has completed the previously announced acquisition of PartsVu (\u201cPartsVu\u201d), an online marketplace for OEM marine parts, electronics and accessories. PartsVu enhances the Company\u2019s presence in the marine parts and accessories sector while helping reduce exposure to the cyclicality of boat sales. \u201cWe are thrilled to officially welcome the PartsVu team to the OneWater family as we continue to execute on our strategic growth initiatives and drive increased value for our stockholders. The strength of our combined business further solidifies our leadership position in the marine industry and, notably, in &hellip; Continue reading &quot;OneWater Marine Inc. 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