OneWater was formed in 2014 to acquire 14 Singleton Marine stores. Through acquisitions, it now operates about 63 stores under several different names. The company held an initial public offering in February, raising about $55 million.
Most of its dealerships, which sell new and used boats, have remained open “in some capacity” during the COVID-19 shutdown, the company said Thursday. OneWater used virtual walk-throughs and one-on-one sales appointments with consumers to increase revenue in the first quarter.
OneWater did not respond to requests for comment.
Some publicly traded companies based in Georgia plan to keep their loans. Marietta-based MiMedx Group, which makes skin grafts, won't return its $10 million loan. Alimera Sciences in Alpharetta also said it will keep its $1.8 million loan.
In the first round of loans, Georgia companies got about $9.5 billion of the total pot of $349 billion in loans. They appear to be on track to receive about the same amount of money during the second phase.