M&A
confidence high
sentiment neutral
materiality 0.75
OneWater Marine closes $185M acquisition of T-H Marine; reports financials
OneWater Marine Inc.
- Acquired T-H Marine Supplies for ~$178.6M cash plus 133,531 shares (~$6.8M) on Nov 30, 2021.
- THMS had $75.0M revenue and $5.7M net income for nine months ended Sep 30, 2021.
- Pro forma combined total assets of $935.2M at Sep 30, 2021; long-term debt $298.6M.
- THMS balance sheet shows $90.0M assets, $48.2M liabilities at Sep 30, 2021.
- Acquisition financed via $200M incremental term loan; audited FY2020 THMS financials filed.