Off The Hook Yachts Completes Acquisition of Apex Marine Companies, Creating Mega Service, Refurbishment & Sales Hub for Global Customers

Off The Hook Yachts (NYSE American: OTH) completed the acquisition of Apex Marine Companies, a South Florida marine service, storage, and sales operator.

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.

Argus May 14 session

+13.39% close to close Open Argus

Details

News Market Reaction – OTH

On May 14, the day this news came out, OTH closed 13.39% above the previous close.

Data tracked by StockTitan Argus for the May 14 session.

Key Figures

Haul-out capacity: 150 metric tons Maximum vessel length: 130 feet

Haul-out capacity

150 metric tons

APEX facilities capacity mentioned in acquisition close release

Maximum vessel length

130 feet

Largest vessels serviceable at APEX facilities

Previous Acquisition Reports

2 past events · Latest: Apr 02

Same Type 2 events

1. Apr 02

   Acquisition agreement

   24h Move

   +11.1%

   Signed deal to acquire Bellhart Marine, expanding Carolinas service and refit footprint.

2. Feb 20

   Acquisition agreement

   24h Move

   +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.

Key Terms

haul-out

1 terms

haul-out technical

"APEX’s facilities include prime storage and service locations, haul-out capacity up to 150 metric tons…"

A haul-out is when marine animals such as seals or sea lions leave the water to rest, breed, or molt on land or ice; think of it like workers taking a break on a job site. Investors should care because these sites are often legally protected and sensitive to disturbance, so nearby projects or operations can face permitting hurdles, environmental fines, or delays if they affect haul-out behavior, which can in turn impact costs and timelines.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 $57 billion U.S. marine industry.

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.

FAQ

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What did Off The Hook Yachts (NYSE American: OTH) acquire from Apex Marine Companies in May 2026?

Off The Hook Yachts acquired Apex Marine Companies, a South Florida marine service, storage, and sales operation. According to Off the Hook, the deal adds strategically located facilities, full-service teams, and infrastructure that enhance operational efficiency, refurbishment capacity, and global sales reach.

How does the Apex Marine acquisition benefit Off The Hook Yachts (OTH) operationally?

The acquisition allows Off The Hook Yachts to handle most inventory internally, from storage to refurbishment. According to Off the Hook, this centralized model reduces third-party dependence, lowers transportation costs, speeds turnaround times, and supports scaling inventory without proportional overhead increases.

What capacity and facilities did Off The Hook Yachts (OTH) gain from Apex Marine Companies?

Off The Hook Yachts gained haul-out capacity up to 150 metric tons and vessels up to 130 feet. According to Off the Hook, APEX provides prime South Florida storage and service locations plus in-house teams for repair, refit, and refurbishment across its centralized campus.

How might the Apex Marine acquisition impact Off The Hook Yachts (OTH) margins?

Off The Hook Yachts reports that integrating Apex Marine is already generating millions of dollars in annual cost savings. According to Off the Hook, these savings come from reduced third-party service use, lower transportation expenses, quicker turnaround, and higher-quality refurbishments that support margin improvement.

What does the new South Florida campus mean for Off The Hook Yachts (OTH) customers?

The new campus creates a single destination near Fort Lauderdale and Miami with tens of millions of dollars in inventory. According to Off the Hook, global buyers can now access a large selection of refurbished used boats and services from one centralized location.

How does the Apex Marine acquisition support Off The Hook Yachts (OTH) growth strategy?

The acquisition adds infrastructure designed to enable operational scale without matching overhead growth. According to Off the Hook, bringing service, storage, and hauling in-house improves efficiency, supports standardized refurbishment, and strengthens the company’s ability to expand inventory and global sales activity.