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Stock impact report

OneWater (ONEW) Set to Acquire Garden State Yacht Sales [Yahoo! Finance]

OneWater Marine Inc. - Class A (ONEW) 
Company Research Source: Yahoo! Finance
This transaction aligns with ONEW's strategic growth objectives, aiding it to expand its market reach in the Mid-Atlantic United States. Also, this buyout is likely to enhance OneWater's new and pre-owned boat sales, finance, and parts and services offerings. The company is optimistic about the buyout as it believes this will increase its market position in the Mid-Atlantic US, given the prime location of Garden State Yacht Sales. Inorganic Strategies Boost Growth OneWater is intently focusing on the efficient execution of its strategic growth objectives, thus fostering its growth prospects given the backdrop of an improving economy. The primary growth objective of the company includes the acquisition and operations of leading marine dealerships across North America. This offers the company with new and pre-owned boats, repair and maintenance services, parts and accessories, and finance and insurance products. By focusing on strategic mergers and acquisitions, ONEW can expand Show less Read more
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