logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

T-H Marine Announces Acquisition Of Jif Marine Llc

Feb 01, 2022•almost 4 years ago

Acquiring Company

T-H Marine

Acquired Company

T-H Marine

Science And EngineeringSoftwareScience And EngineeringSoftware

Description

OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or “the Company”) announced today that its subsidiary, T-H Marine, has acquired JIF Marine LLC (“JIF”), an industry-leading supplier of stainless steel ladders, dock products, and other accessories for recreational marine applications based in Memphis, Tennessee.

Company Information

Company

T-H Marine

About

T-H Marine, a subsidiary of OneWater Marine, has grown to be one of the largest suppliers of marine parts and accessories in the United States. T-H Marine is based in Huntsville, Alabama, where it provides various products including jack plates, outboard tilt and trim controls, rigging components, boat plumbing, hatches, LED lights, livewell aeration, and more. The line-up also includes an expanding selection of products that are part of T-H Marine’s BOATING ESSENTIALS® collection: a one stop shop for a multitude of widely used marine parts and accessories. To learn more about T-H Marine, please visit thmarine.com/about-us.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed