Deal Snapshot
OneWater Marine Closes USD 125m Acquisition of Marine Industry Supplier Ocean Bio-Chem
Friday 12 August 2022

US-based marine retailer OneWater Marine Inc. (NASDAQ: ONEW) has closed the acquisition of Florida-based marine industry supplier Ocean Bio-Chem, Inc. (NASDAQ: OBCI) for USD 13.08 per share, in an all-cash transaction valued at approximately USD 125m, the company said.

As part of the transaction, OneWater will also acquire OBCI's affiliate, Star Brite Europe, Inc. Upon closing of the transaction, both OBCI and Star Brite Europe, Inc. will be integrated into T-H Marine Supplies, LLC, OneWater's subsidiary and strategic growth platform for parts and accessories businesses.

Date Published: 12/08/2022