Core Viewpoint - Off The Hook YS Inc. is hosting a webinar to discuss its acquisition of Apex Marine Group, which will enhance its operations and market position in the marine industry [1][2]. Group 1: Acquisition Details - The acquisition of Apex Marine Group includes four facilities located in Miami, Palm Beach, Stuart, and the Keys, and is expected to close within approximately 60 days [4]. - The acquisition is projected to contribute approximately $30 million in annual revenue for 2025 and is expected to generate $3 million in annual cost savings by eliminating third-party service providers and storage fees [8]. Group 2: Strategic Rationale - The CEO will outline the strategic rationale for the acquisition, emphasizing the establishment of a centralized mega sales, service, and refurbishment destination in South Florida [3]. - The expanded infrastructure will enhance the company's AI-powered marketplace by improving inventory turnover, pricing precision, quality control, and strengthening its international buyer network, positioning Off The Hook for margin expansion and scalable long-term growth [3]. Group 3: Company Overview - Off The Hook YS Inc. is a vertically integrated, AI-powered marine marketplace founded in 2012, transforming the buying, selling, and financing of boats across the U.S. [6]. - The company operates within the $57 billion U.S. marine industry and is rapidly expanding its national footprint and market share [6].
Off The Hook to Host Investor Webinar to Discuss APEX Acquisition Expected to Add $30M in Revenue and Deliver $3M in Annual Cost Savings
Globenewswire·2026-02-23 13:30