APEX Marine Group Acquired by Off The Hook Yachts — Consumer M&A

Off The Hook Yachts has signed a definitive agreement to acquire APEX Marine Group of Companies, a consumer other business in North Carolina, for $X. Off The Hook Yachts acquisitions expand a vertically integrated, AI-powered marine marketplace focused on used boat buying and selling. APEX Marine Group of Companies provides South Florida marine service, storage, and sales capabilities that support Off The Hook’s refurbishment and inventory pipeline. The platform acquisition is structured as a strategic acquisition by a strategic buyer, with four South Florida facilities, in-house service teams, and haul-out capacity up to 150 metric tons and vessels up to 130 feet. The Off The Hook Yachts acquisitions are expected to close in about 60 days, subject to customary due diligence.