is one of the largest and fastest-growing premium recreational boat retailers in the United States. We believe this presents tremendous growth opportunity for OneWater.” “PartsVu serves a broad range of customers including novice to expert boat owners, independent mechanics and small tech shops that rely on the team’s expert technical knowledge and sizeable parts inventory. PartsVu strengthens our position in the marine parts and accessories sector as we continue to grow our business to meet customer needs,” said Austin Singleton, Chief Executive Officer for OneWater. “We are elated to welcome Philip Osborne, Michael Newton, and the PartsVu team into the OneWater family. These intuitive features allow even novice boaters to easily obtain the parts they need to get back on the water. The site allows the user to visually shop for OEM replacement parts in a manner that does not require the user to have knowledge of a manufacturer schematic and it provides general instructions or “tips”, to help users locate the parts they desire. The transaction is expected to close in the fourth quarter of 2021.Ĭreated in 2016 by a group of avid boaters and supporters of the marine environment, PartsVu provides a unique shopping experience offering a vast product portfolio from engine parts and the latest electronic and navigation equipment to extensive “kits” for routine service jobs. PartsVu generated approximately $25 million in sales over the past twelve months and has a history of organically doubling sales volume annually since launch. The acquisition significantly expands the Company’s presence in the marine parts and accessories sector, while helping to reduce exposure to the cyclicality of boat sales. (NASDAQ: ONEW) (“OneWater” or “the Company”) announced today that it has signed a definitive agreement to acquire the assets of PartsVu (“PartsVu”), an online marketplace for OEM marine parts, electronics and accessories. Notable expansion in parts and accessories sectorīUFORD, Ga., J(GLOBE NEWSWIRE) - OneWater Marine Inc.
0 kommentar(er)
