OneWater Marine to acquire Ocean Bio-Chem for ~$125M all-cash, $13.08/share

OneWater Marine Inc.

OneWater will pay $13.08 per share for Ocean Bio-Chem (OBCI); total enterprise value ~$125M.
Acquisition includes Star Brite Europe for $7M and real estate in Ft. Lauderdale for $3.6M from OBCI's CEO.
Expected to close in fiscal Q4 2022 (by Sept 30, 2022), subject to HSR approval and other conditions.
OneWater obtained a $125M debt commitment from Truist Bank to finance the transaction.
OBCI's board unanimously approved; key shareholders including CEO Peter Dornau signed support agreements.

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