OneWater Marine Inc. 8-K

What Happened OneWater Marine Inc. announced it closed the sale of its equity interest in Ocean Bio‑Chem Holdings, Inc. to Recochem Inc. on February 2, 2026. The estimated cash purchase price is approximately $50.0 million, reflecting a $55.0 million base price less about $5.0 million of working capital and other closing adjustments. A final working capital true‑up will be determined 120 days after the closing. OneWater says proceeds will be used to repay a portion of its outstanding debt.

Key Details

• Buyer: Recochem Inc.; Closing Date: February 2, 2026.
• Purchase consideration: $55.0M base price less ~$5.0M of working capital/other adjustments; estimated net cash proceeds ~$50.0M. Final true‑up in 120 days.
• Use of proceeds: repay a portion of OneWater’s outstanding debt.
• Advisors/counsel: Truist Securities served as financial advisor; Butler Snow LLP served as counsel. Pro forma condensed consolidated financial statements (unaudited) were filed as Exhibit 99.1.

Why It Matters The sale reduces OneWater’s ownership of Ocean Bio‑Chem and provides immediate cash to pay down debt, which could affect the company’s leverage and liquidity position. Investors should note the final cash amount is subject to a working capital true‑up (in 120 days) and that customary representations, covenants and indemnities apply per the Purchase Agreement. The company filed unaudited pro forma financials to show the transaction’s effect on its consolidated results.