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Stock impact report

OneWater Marine Inc. Announces the Sale of Ocean Bio-Chem Holdings, Inc.

OneWater Marine Inc. - Class A (ONEW) 
Company Research Source: Business Wire
Updating Fiscal Full Year 2026 Guidance to Reflect Impact of Sale BUFORD, Ga.--(BUSINESS WIRE)--OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) today announced that it has completed the sale of Ocean Bio-Chem Holdings, Inc. (“Ocean Bio-Chem” or “OBCI”) as part of its broader portfolio optimization strategy focused on core assets and long-term value creation. Proceeds from the transaction will be used to reduce debt and further strengthen the balance sheet.“As part of our long-term strategy, we are focused on simplifying the business and allocating capital to the areas with the strongest strategic fit. The transaction enables us to sharpen our focus on core assets and enhance financial flexibility,” commented Austin Singleton, Executive Chairman at OneWater. “We expect to use the $50 million of proceeds to pay down debt, putting us on track to bring net leverage below 4.0x by our fiscal year end. This prepayment will generate approximately $3.5 million of annual in Show less Read more
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