Off The Hook Yachts Completes Acquisition of Apex Marine Companies, Creating Mega Service, Refurbishment & Sales Hub for Global Customers
Rhea-AI Summary
Off The Hook Yachts (NYSE American: OTH) completed the acquisition of Apex Marine Companies, a South Florida marine service, storage, and sales operator. The deal adds large-scale facilities with haul-out capacity up to 150 metric tons and vessels up to 130 feet.
According to the company, integrating APEX enables it to process most inventory in-house, standardize refurbishment quality, and expand global sales reach, while already generating millions of dollars in annual cost savings from reduced third-party services, lower transport costs, and faster turnaround times.
Positive
- Completed acquisition of Apex Marine Companies, adding South Florida service and storage hub
- In-house haul-out capacity up to 150 metric tons and 130-foot vessels
- Ability to process the majority of acquired inventory internally
- Company reports millions of dollars in annual cost savings from integration
- Centralized campus offers tens of millions of dollars in inventory near major markets
- Standardized refurbishment quality and reduced cycle times from acquisition to resale
Negative
- None.
News Market Reaction – OTH
In the May 14 session, OTH gained 13.39%, reflecting a significant positive market reaction. Argus tracked a peak move of +9.2% during that session. Argus tracked a trough of -3.8% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. Trading volume was elevated at 2.5x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Acquisition Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 02 | Acquisition agreement | Positive | +11.1% | Signed deal to acquire Bellhart Marine, expanding Carolinas service and refit footprint. |
| Feb 20 | Acquisition agreement | Positive | +0.8% | Definitive agreement to acquire Apex Marine Group, adding four South Florida facilities. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Acquisition announcements have previously been followed by positive single-day moves, with both prior deals showing gains.
Over recent months, Off The Hook Yachts has used acquisitions to build a vertically integrated service and refurbishment network. On Apr 02, 2026, it agreed to acquire Bellhart Marine, adding a three-location Carolinas platform and boosting refit capacity. On Feb 20, 2026, it signed a deal for Apex Marine Group, securing four South Florida facilities with 150 metric ton haul-out capacity. Today’s closing of the APEX deal operationalizes that earlier strategic agreement.
Key Terms
haul-out technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Wilmington, NC, May 14, 2026 (GLOBE NEWSWIRE) -- Off The Hook YS Inc. (NYSE American: OTH) (“Off the Hook Yachts” or “Off the Hook” or “the Company”), a vertically integrated, AI-powered marine marketplace and one of the largest buyers and sellers of used boats in the United States, today announced that it has closed the acquisition of Apex Marine Companies (“APEX”), a premier South Florida marine service, storage, and sales operation.
The acquisition delivers strategically located South Florida facilities, a highly skilled full-service team, and infrastructure that immediately enhances Off the Hook’s operational efficiency, refurbishment capacity, and global sales reach. APEX’s facilities include prime storage and service locations, haul-out capacity up to 150 metric tons and vessels up to 130 feet, and comprehensive in-house teams covering repair, refit, and refurbishment. This allows Off the Hook to process the majority of acquired inventory internally.
“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,” said Brian John, CEO. “This centralized approach allows us to standardize refurbishment quality, reduce cycle times from acquisition to resale, and scale inventory without proportional overhead increases.”
With the centralized campus now operational, Off the Hook has created a destination where buyers from around the world can access tens of millions of dollars in inventory at a single location near Fort Lauderdale and Miami — a major step toward transforming the used boat market. “This acquisition is fundamentally about operational dominance through infrastructure,” said Jason Ruegg, Founder of Off the Hook Yachts. “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.”
About Off The Hook YS Inc.
Founded in 2012, Off The Hook YS Inc. is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, and financed across the United States. Leveraging proprietary technology, deep transaction data, and a national acquisition network, the Company increases speed, transparency, and inventory velocity across boat brokerage, wholesale trading, auctions, financing, and marine services, with an integrated ecosystem that includes Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, Off The Hook is rapidly expanding its national footprint and market share within the
Contact
Off The Hook YS Inc.
Chad Corbin, Chief Financial Officer
chadcorbin@offthehookys.com
Investor Relations
ir@offthehookys.com
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. 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. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Off The Hook YS Inc. undertakes no duty to update such information except as required under applicable law.
