Valesco Industries Successfully Exits T-H Marine Supplies, a Fund II Investment

On November 30, 2021, Valesco completed the sale of T-H Marine Supplies to Onewater Marine . T-H Marine became a part of the Valesco portfolio when the fund made a control investment in April 2019. Located in Huntsville, AL, the company is a leading provider of parts to virtually every recreational boat platform produced in the United States – including bass boats, offshore fishing boats, pontoon boats, ski boats and runabouts. The company operates an omni-channel sales strategy focusing on both OEM (Original Equipment Manufacturer) and Aftermarket (distributors, e-commerce, big box and specialty retail, direct sales, and dealers). 

During the time of our investment, the company accomplished some monumental changes in the areas of people, processes and systems integrations while still growing sales and EBITDA to company record levels. All the credit for these accomplishments goes to the stellar management team at T-H Marine who worked with Valesco to manage through major tariff hikes, a worldwide pandemic and supply chain challenges during the investment period and still managed to accomplish the results above.

“Partnering with Valesco to recapitalize my business was one of the best decisions I have ever made” said Jeff Huntley, Sr., CEO of T-H Marine. “They are sharp businesspeople who truly understand the levers of growth and profitability, and the foremost importance of taking care of customers. They are good human beings and have a great culture of partnership and collaboration. I will always appreciate the chapters they helped us write; we will truly miss them and can honestly call them friends.”

At Valesco, we are inspired by high quality, family-founded and operated businesses looking for a partner to help them achieve the next level of growth, and T-H Marine has been the poster child for that philosophy. We could not be happier with the partnership and friendship we have built with this company and its people and wish them nothing but success in their future endeavors as a part of Onewater Marine.