BREAKING: OneWater to Acquire Denison Yachting

OneWater Marine today announced it reached an agreement to acquire Denison Yachting.

“We are thrilled to welcome Bob Denison and his team into the OneWater family, which expands and strengthens our presence in the superyacht and yacht categories,” OneWater CEO Austin Singleton said in a statement. “As we move through the second fiscal quarter, we continue to capitalize on record demand and a growing backlog.

“Orders at the Miami boat show were off the charts for both OneWater and Denison, which underscores our combined position as the premier marine retailer of choice, from superyachts and yachts to traditional boat sales, parts and service,” Singleton added.

OneWater operates 75 retail locations and 10 distribution centers, and maintains an online marketplace.

Denison Yachting has 21 offices in the United States and in 2021 reported more than $80 million in sales. It is a dealer for such brands as Alpha Yachts, Beneteau Power (Monte Carlo, Gran Turismo, Swift Trawler), Beneteau Sail, Numarine, Dufour, Van der Valk Yachts and Excess Catamarans. The company also provides charter management services and has a substantial brokerage network with a focus on superyachts.

“Strong consumer demand continues to fuel our growth and strengthens our position as industry leaders throughout the United States, Europe and the Mediterranean,” Bob Denison said in a statement. “Denison’s team of experienced yacht brokers is unparalleled in the world of yachting. Their commitment to take incredible care of clients will be accelerated thanks to OneWater’s tools, resources and support.”

The transaction is expected to close in the fiscal third quarter.

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Power Lodge Acquires Miller Marine

Marine and powersports dealer Power Lodge acquired Miller Marine in St. Cloud, Minn. Power Lodge owner Tom Dehn announced the sale in a statement.

Miller Marine is the world’s largest seller of high-performance Bennington pontoons and is one of the largest single-point boat dealerships, the statement said. It was once named the No. 1 Yamaha outboard dealer in the nation.

Dehn said the dealership will continue to offer the Bennington brand and will retain the entire Miller Marine staff.

Power Lodge now has four locations in Minnesota and one in southwestern Florida.

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TopSide Marinas Acquires Texas Yacht Club

TopSide Marinas has acquired North Point Yacht Club on Lake Belton in Texas.

TopSide plans to invest in the Temple, Tex., marina by adding more than 70 wet slips, TopSide cofounder Jacob Boan said Tuesday in a statement. The property, previously owned by the Brashear family, is TopSide’s third marina.

“The Brashear family has always wanted to make a positive impact on the community, and we believe that TopSide Marinas will help continue that legacy,” Price Brashear said in the same statement.

“We are excited to take the baton from Price and continue to provide an outstanding boating experience for all members of North Point,” said Stephen Lehn, another cofounder of TopSide Marinas.

TopSide acquired two marinas in 2021: Beavers Bend Marina on Broken Bow Lake in Oklahoma and Galveston Yacht Marina in Galveston, Tex. The company said it plans to continue acquiring marinas and will consider all opportunities within the United States, including properties located on lakes, rivers and along the coast.

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Trident Acquires Chesapeake Marinas

Trident Marine Group announced that it merged with Coastal Properties Management, adding six Chesapeake Bay marinas to the management company’s portfolio.

Trident already manages Nabbs Creek Marina & Yacht Yard, Chesapeake Harbour Marina and Annapolis Maryland Capital Yacht Club. The deal will add Coastal Properties’ Bowley’s Marina, Diamond Teague Piers, Piney Narrows Yacht Haven, Fort Washington Marina, Belmont Bay Harbor and Little Creek Marina.

“Trident Marine Group remains focused on delivering exceptional customer service to our clients, who are both marina owners and slip holders,” Trident CEO Jeremy Parks said in a statement. “With the addition of new clients, we aim to maintain the individuality and uniqueness of the marinas we serve while making sure current best practices are in place.”

Parks and COO Marie Carbone will remain in their roles, and Trident added that little will change with day-to-day operations. Coastal Properties’ Bruce Wagner will assume the role of vice president of maritime operations at Trident.

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Suntex Acquires The Wharf

Suntex Marina Investors last week announced that it acquired The Wharf, a marina in Marathon, Fla., in the Keys. The company plans an extensive renovation of the property, which it plans to relaunch as Ocean View Marina.

“In just the short year that we’ve owned Faro Blanco, we’ve seen the incredible draw of this region, and when we got the opportunity to acquire the facility a mile down the road, we had to take it,” Suntex Marinas investments partner David Filler said in a statement. “We are looking forward to taking the reins and completing the construction.”

In addition to The Wharf and Faro Blanco, the company owns two other marinas in the Keys: Caloosa Cove and Garrison Bight.

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