OneWater Marine Company Overview

Founding Date and Background

OneWater Marine Inc. was founded on April 3, 2019, as a holding company that operates as one of the largest recreational boat retailers in the United States. The company was established through a reorganization of OneWater Marine Holdings, LLC, with the goal of facilitating an initial public offering (IPO) and related transactions. OneWater Marine has since positioned itself as a key player in the marine retail sector.

Parent Company/Owership Structure

OneWater Marine operates as a subsidiary of OneWater Marine Holdings, LLC. As of June 30, 2023, OneWater Marine Inc. owned approximately 90.9% of the economic interest in OneWater LLC, which is the primary operating entity responsible for the companys business activities.

Headquarters Location

The headquarters of OneWater Marine is located at 6275 Lanier Islands Parkway, Buford, Georgia, 30518, United States. This central location allows the company to effectively manage its extensive operations across various states.

Global Business Scope

OneWater Marine primarily operates within the United States, with a network of 100 retail locations, 11 distribution centers, and multiple online marketplaces across 20 states. The company focuses on the retail sale, brokerage, and service of new and pre-owned boats, motors, trailers, marine parts, and accessories.

Main Regulatory Bodies

OneWater Marine is subject to regulation by several bodies, including the U.S. Securities and Exchange Commission (SEC) and various state regulatory agencies. These bodies oversee the company's compliance with financial reporting and operational regulations.

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Company History and Development

Key Milestones

OneWater Marine has achieved several significant milestones since its inception. The company went public in February 2020, successfully completing its IPO. This move allowed it to raise capital for further expansion and acquisitions.

Business Expansion Journey

The company has a strategic focus on growth through acquisitions. In recent years, OneWater Marine has acquired several marine dealerships, including Taylor Marine Centers and Harbor View Marine, which have expanded its market presence and product offerings.

Customer Base Growth

OneWater Marine has experienced substantial growth in its customer base, driven by its diverse product offerings and strong brand partnerships. The companys sales of new boats from its top ten brands represent a significant portion of its total sales, with Malibu Boats being a major contributor.

Platform Development History

The company has invested in developing its online presence, enhancing its e-commerce capabilities to meet the changing demands of consumers. This includes the integration of online marketplaces for boat sales and related services.

Important Awards or Recognitions Received

OneWater Marine has received recognition for its operational excellence and customer service. Specific awards and recognitions vary year by year, reflecting the company's commitment to quality and customer satisfaction.

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Trading Services Offered

Forex Trading Options

OneWater Marine does not primarily operate in the forex trading space. Instead, it focuses on retail marine products and services. Therefore, it does not offer forex trading options or currency pairs.

Stock Trading Options

As a publicly traded company on the NASDAQ under the ticker symbol “ONEW,” OneWater Marine's stock can be bought and sold by investors. The companys financial performance and stock price are closely monitored by market analysts.

CFD Trading Products

OneWater Marine does not offer Contracts for Difference (CFD) trading as part of its service offerings. The company's business model is centered around the sale and service of marine-related products rather than financial derivatives.

Other Financial Instruments

While OneWater Marine does not engage in traditional financial instruments like CFDs or forex, it does offer financing options for customers purchasing boats. This includes arranging boat financing and insurance through third-party lenders and insurance companies.

Special Services or Unique Advantages

OneWater Marine distinguishes itself through its extensive network of dealerships and service centers, offering a comprehensive range of marine products and services. The company also provides slip and storage accommodations, enhancing its value proposition to customers.

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Regulatory and Legal Background

Detailed Regulatory Information

OneWater Marine is regulated by the U.S. Securities and Exchange Commission (SEC) and is subject to various state regulations. The company must comply with financial reporting requirements and other operational regulations set forth by these bodies.

Legal Entity Structure by Region

OneWater Marine operates as a corporation in the United States, with its subsidiaries structured to comply with local laws and regulations across the states in which they operate.

Client Fund Protection Measures

While OneWater Marine does not operate as a financial institution, it ensures compliance with consumer protection laws related to its financing services. This includes adherence to regulations concerning the handling of customer deposits and financing arrangements.

Countries/Regions Served

OneWater Marine primarily serves customers in the United States, with a focus on states that are significant for marine retail expenditures. The company operates in 20 states, ensuring a wide reach within the U.S. market.

Compliance History

OneWater Marine has maintained a compliance-oriented approach since its IPO, regularly filing reports with the SEC and adhering to the regulatory requirements applicable to publicly traded companies.

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Competitive Landscape

3-5 Main Competitors

OneWater Marine competes with several notable companies in the recreational boating industry, including:

1. MarineMax, Inc.
2. Brunswick Corporation
3. Malibu Boats, Inc.
4. Correct Craft, Inc.
5. MasterCraft Boat Company

Positioning in the Industry

OneWater Marine positions itself as a leading marine retailer, focusing on a customer-centric approach and a diverse range of products and services. The company aims to leverage its extensive dealership network and strong brand partnerships to capture a significant market share.

Market Differentiation Factors

OneWater Marine differentiates itself through its comprehensive service offerings, including financing and insurance arrangements, as well as its commitment to customer service. The companys strategic acquisitions and robust online presence further enhance its competitive edge in the marine retail market.

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In conclusion, OneWater Marine Inc. stands out as a significant player in the recreational marine retail industry, with a strong operational foundation and a commitment to growth through strategic acquisitions and customer service excellence. For investors and consumers alike, the company represents a robust option for engaging in the marine market.

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