OneWater Marine Holdings has acquired Texas Marine for an undisclosed amount. The dealer, established in 1981, has three locations in Texas. In 2017, its sales were about US$40m.
“We are excited to expand our already strong presence in Southeast Texas,” said Austin Singleton, CEO of OneWater Marine Holdings. “As a 5-Star Certified dealer, the #1 dealer for Nautic Star and Avalon pontoons, Texas Marine has proven to be an industry-leader with a stellar reputation for customer service.”
A statement said that former Mike Hebert will remain with the company. “Joining OneWater also provides us with additional resources that free me up from the commitments of ownership while allowing me to serve our team and customers in leading the day-to-day operations,” said Hebert in the statement.