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OneWater Marine Priced, Nasdaq: ONEW

Recreational boat dealership that owns and operates 63 stores in the US.

Industry: Consumer Discretionary

First Day Return: +26.2%

Industry: Consumer Discretionary

We are one of the largest and fastest-growing premium recreational boat retailers in the United States with 60 stores comprising 20 dealer groups in 11 states. Our dealer groups are located within highly attractive markets throughout the Southeast, Gulf Coast, Mid-Atlantic and Northeast, including Texas, Florida, Alabama, North Carolina, South Carolina, Georgia, Ohio and New York, which collectively comprise eight of the top twenty states for marine retail expenditures. We believe that we are a market leader by volume in sales of premium boats in 12 out of the 17 markets where we operate. In 2018, we sold over 7,500 new and pre-owned boats, of which we believe approximately 40% were sold to customers who had a trade-in or with whom we otherwise had established relationships. The combination of our significant scale, diverse inventory, access to premium boat brands and meaningful dealer group brand equity enables us to provide a consistently professional experience as reflected in the number of our repeat customers and same-store sales growth. We were formed in 2014 as One Water Marine Holdings through the combination of Singleton Assets & Operations, Singleton Marine, and Legendary Marine, which created a marine retail platform that collectively owned and operated 19 stores. Since the combination in 2014, we have acquired a total of 37 additional stores through 16 acquisitions. Our current portfolio as of May 31, 2019 consists of 20 different local and regional dealer groups.
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OneWater Marine (ONEW) Performance