Singleton Marine, Legendary Marine, Phil Dill Boats, and SMG Wake Houston Merge to Form OneWater Marine Holdings, LLC

ATLANTA, Sept. 10, 2014 /PRNewswire/ -- In a move uniting the nation's leading privately held freshwater and saltwater marine dealerships, Singleton Marine, Legendary Marine, Phil Dill Boats, and SMG Wake Houston have merged to form Atlanta-based, OneWater Marine Holdings, LLC.

"We are very excited about the dynamic potential this new organization offers," said Austin Singleton, CEO of OneWater Marine Holdings, LLC. "By unifying some of the top-ranked dealerships in the industry, we believe that we will produce greater stability and financial strength in the marketplace."

Singleton Marine is the #1 worldwide dealer for Cobalt, Regal, and Harris Flotebote plus a Top 5 dealer for Malibu and Axis towboats. Singleton Marine serves all of the Southeast's major lakes with eleven locations in Alabama, Georgia, and South Carolina.  www.singletonmarine.com

Legendary Marine is the two-time Dealer of the Year as awarded by Boating Industry magazine, #1 dealer for Sea Hunt and Everglades, and a top-performing Cobalt dealer. Legendary Marine operates four locations on the Gulf Coast of Alabama and Florida. www.legendarymarine.com

Phil Dill Boats is the world's #1 Yamaha Jet Boat dealer and a leading Bennington pontoon and Regal sport boat dealer. Phil Dill Boats serves North Texas and the Dallas Fort Worth Metroplex from its I-35 superstore in Lewisville, Texas. www.phildillboats.com

SMG Wake Houston is a top Malibu and Axis towboat dealer as well as Bennington pontoon and Regal sport boat dealer. SMG Wake Houston is currently building a highway superstore on I-45 that includes an on-site cable wake park and private waterski lake. www.smgwakehouston.com

"The consolidation of these dealerships represents the first in our aggressive, long-term expansion plans," Singleton added. "We are currently seeking additional dealership acquisitions in key markets to become part of our growing organization."

OneWater Marine Chief Operating Officer, Anthony Aisquith, will lead day-to-day operations across all dealership locations. "Expanding our market areas, incorporating best practices across the organization, and leveraging operational cost efficiencies will result in top-line sales growth and greater bottom-line profits for each of our dealerships," Aisquith said.

All locations will continue to operate under their current names.

About OneWater Marine Holdings, LLC
OneWater Marine Holdings, LLC is dedicated to acquiring and operating top marine retail dealerships. With an aggressive expansion strategy, OneWater offers multiple exit options for existing marine dealer owner/operators. Learn more about OneWater Marine Holdings and see if OneWater exit options may be a good fit for you at http://www.OneWaterMarine.com

SOURCE OneWater Marine Holdings, LLC