TH Marine acquires JIF Marine LLC

OneWater Marine Inc. announced that its subsidiary, TH Marine, has acquired JIF Marine LLC (“JIF”), a leading supplier of stainless steel ladders, dock products and other accessories for recreational marine applications based in Memphis, TN.

“JIF Marine has a strong reputation for service, value and selection, and we couldn’t be more delighted to have them on board. This will hopefully be the first of our many acquisitions since joining the OneWater team, which we believe creates an additional springboard for long-term growth,” said Jeff Huntley Sr., President and CEO of TH Marine. “TH Marine has the opportunity to integrate large companies to further enhance our activity using our acquisition plan. We look forward to expanding JIF’s renowned product lines to reach more customers, leveraging our omnichannel strategy and the combined resources of TH Marine and OneWater.

JIF Marine, a third-generation, family-owned company, is a category leader in stainless steel ladders and dock products, among other marine accessories for major boat manufacturers, distributors and big-box stores. JIF will continue to operate as a stand-alone division of TH Marine at its current facility in Memphis.

“The OneWater family looks forward to welcoming Jimmy Freudenberg and the JIF Marine team as we continue to grow the higher margin marine parts and accessories business. TH Marine was a perfect fit for us in November as their track record of accretive acquisitions aligns well with OneWater’s business model and growth strategy. We were very optimistic about the additional growth platform with TH Marine having its own acquisition pipeline, and we see the benefits materializing with the first opportunity of many in JIF Marine,” said Austin Singleton, CEO of OneWater.

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