Off The Hook YS Inc. Completes Transformative Acquisition of Apex Marine Companies
Key Highlights
- Off The Hook YS Inc. (NYSE American: OTH) has closed the acquisition of Apex Marine Companies (APEX), a leading South Florida marine service, storage, and sales operation.
- This strategic acquisition delivers prime facilities, haul-out capacity for vessels up to 130 feet, and a highly skilled full-service team.
- Off The Hook will now process the vast majority of its inventory internally, reducing dependence on third-party services and streamlining operations.
- Immediate benefits include millions of dollars in annual cost savings through reduced service dependencies, lower transportation costs, accelerated turnaround times, and higher refurbishment quality.
- The company is now positioned as a mega service, refurbishment, and sales hub for global customers, with tens of millions of dollars in inventory accessible near Fort Lauderdale and Miami.
- Off The Hook’s vertically integrated, AI-powered marketplace continues to expand its operational footprint and market share in the \$57 billion U.S. marine industry.
Details of the Transaction
Off The Hook YS Inc., one of the largest buyers and sellers of used boats in the United States, announced the successful closing of its acquisition of Apex Marine Companies. Apex operates premier facilities in South Florida, strategically located near major boating hubs including Fort Lauderdale and Miami. These facilities offer prime storage and service, with the ability to haul out vessels up to 150 metric tons and 130 feet in length.
The acquisition brings comprehensive in-house teams that cover repair, refit, and refurbishment, enabling Off The Hook to process the majority of its acquired inventory internally. This vertical integration is immediately enhancing Off The Hook’s operational efficiency, refurbishment capacity, and global sales reach.
Management Commentary
CEO Brian John stated, “The integration of these capabilities is already generating millions of dollars in annual cost savings by reducing third-party service dependencies, lowering transportation costs, accelerating turnaround times, and delivering higher-quality refurbishments. This centralized approach allows us to standardize refurbishment quality, reduce cycle times from acquisition to resale, and scale inventory without proportional overhead increases.”
Founder Jason Ruegg emphasized, “Facilities like these are unique in South Florida. Bringing service, storage, and hauling in-house is a game changer for our efficiency, margins, and ability to scale. This acquisition is fundamentally about operational dominance through infrastructure.”
Strategic and Financial Implications for Shareholders
- Operational Efficiency and Cost Savings: The ability to process the majority of inventory internally is already generating significant cost savings and is expected to positively impact margins and profitability.
- Increased Inventory and Sales Reach: With a centralized campus now operational, Off The Hook has created a prominent sales destination for global buyers, consolidating inventory and streamlining the sales process.
- Scalability Without Overhead Increases: The infrastructure allows the company to scale its inventory faster without proportionally increasing overhead costs.
- Strengthened Market Position: The acquisition aligns with Off The Hook’s strategy to expand its national footprint and increase its share of the \$57 billion U.S. marine industry.
- Potential Share Price Impact: The transaction represents a significant operational and financial development that could positively influence Off The Hook’s share value, given the immediate cost savings, margin improvements, and expansion of service capabilities.
About Off The Hook YS Inc.
Founded in 2012, Off The Hook YS Inc. is a vertically integrated, AI-powered marine marketplace that is transforming how boats are bought, sold, and financed in the United States. The company leverages proprietary technology, deep transaction data, and a national acquisition network to increase speed, transparency, and inventory velocity across brokerage, wholesale trading, auctions, financing, and marine services. Its integrated ecosystem includes Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Off The Hook is headquartered in Wilmington, North Carolina, and is aggressively expanding nationally.
Contact Information
- Chad Corbin, Chief Financial Officer: [email protected]
- Investor Relations: [email protected]
Forward-Looking Statements
This article contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained herein are forward-looking statements. Forward-looking statements are based on Off The Hook YS Inc.’s current expectations and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. Such statements may be identified by words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “should,” “will,” and other similar expressions. Actual results may differ materially from those indicated by such forward-looking statements due to various factors, including those described in the “Risk Factors” section of the company’s filings with the Securities and Exchange Commission. Off The Hook YS Inc. undertakes no obligation to update any forward-looking statements except as required by law.
