Off The Hook Acquires Strategic Waterfront Property on Chesapeake Bay
Off The Hook YS announced the acquisition of a strategic waterfront property on the Chesapeake Bay, one of the most active boating corridors in the United States. The acquisition will serve as the Company's new Mid-Atlantic operational hub in a high-density marine market while expanding capabilities for inventory reconditioning, storage, financing, and asset recovery. A major component of the acquisition is the site's extensive storage capacity. The property can accommodate up to 150 boats, allowing Off the Hook to house a large portion of its regional inventory on site. Previously, the Company relied on third-party storage at an average cost of approximately $500 per boat per month, a recurring expense that will now be largely eliminated through ownership of the property. Off the Hook plans to staff the facility with 15-20 yacht brokers focused on sourcing inventory, managing brokerage and consignment listings, and facilitating transactions. The site will also serve as a regional logistics center, supporting efficient inventory movement and transaction execution. The Piney Narrows facility is expected to begin operating as Off the Hook's primary Maryland hub in the coming months.
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- Revenue Growth: The revenue for Q4 2025 increased by 25.2%, reaching $37.3 million.
- Financial Performance: This significant growth indicates a strong financial performance for the company during this quarter.
- Significant Revenue Growth: Off The Hook YS Inc. reported total revenue of $119.9 million for 2025, reflecting a 21.1% increase compared to 2024, indicating strong market performance and enhanced sales capabilities.
- Gross Profit Margin Improvement: The company achieved a gross profit of $11.5 million in 2025, up 30.6% from $8.8 million in 2024, showcasing successful cost control and operational efficiency.
- Successful IPO Financing: The company completed its IPO in November 2025, raising approximately $13.4 million in net proceeds, providing essential funding for future expansion and operations.
- Optimistic 2026 Outlook: For 2026, the company expects annual revenue to be between $150 million and $155 million, an increase from the previous guidance of $140 million to $145 million, reflecting management's confidence in future growth.
- Acquisition Agreement: Off The Hook YS Inc. has announced a definitive agreement to acquire Apex Marine Group, which is expected to contribute approximately $30 million in annual revenue in 2025, significantly enhancing the company's market share and revenue base.
- Cost Savings: The acquisition is projected to yield annual cost savings of about $3 million by eliminating third-party service providers and storage fees, thereby improving the company's profitability and operational efficiency.
- Brand Expansion: The acquisition will add well-known brands such as Pursuit, Fountain, Solace, and Nauticstar to Off The Hook YS's portfolio, enhancing product diversity and market competitiveness.
- Strategic Integration: This transaction will establish a centralized sales, service, and refurbishment hub in South Florida, expected to close within approximately 60 days, further enhancing the inventory turnover speed and pricing precision of the company's AI-driven marketplace.
- Strategic Acquisition of APEX: Off The Hook YS Inc. has signed an agreement to acquire APEX, expected to close in 60 days, which will provide the company with four service and storage facilities in South Florida, significantly enhancing its operational efficiency and global sales capabilities.
- Enhanced Service Capacity: The APEX facilities feature haul-out capabilities of up to 150 metric tons and can accommodate vessels up to 130 feet, with comprehensive in-house service teams that will allow Off The Hook to process most of its inventory internally, reducing reliance on third-party services and expected to save millions annually.
- Global Sales Hub: The new centralized campus will serve as a destination for global buyers, showcasing tens of millions of dollars in inventory, driving Off The Hook towards its vision of transforming how used boats are bought and sold, thereby enhancing market competitiveness.
- Unique Market Advantage: The acquisition of APEX not only provides prime locations and elite talent but also facilitates partnerships with respected brands, further expanding Off The Hook's sales and service platforms, strengthening its leadership position in the pre-owned boat market.
- Founder Success Story: Founder Jason Ruegg transformed a simple side hustle into Off The Hook Yachts, America's largest pre-owned boat seller, successfully going public and raising $15 million while acquiring approximately $100 million worth of used boats annually, positioning the company as the 'Carvana for boats.'
- Tech-Driven Fast Inventory Model: Off The Hook's AI platform rapidly matches buyers and sellers, often closing deals within a day, and with in-house financing, inspections, and closing services, achieves an inventory turnover rate five times higher than industry norms, significantly enhancing operational efficiency.
- Strong Growth and Profitability: The company has expanded its buying power to $60 million, breaking sales records even in uncertain markets, and plans to open a new headquarters in Florida while scaling to 1,000 employees by 2027, demonstrating robust market resilience.
- Market Leadership: Off The Hook Yachts is transforming the buying, selling, and financing of approximately 1 million used boats annually in the U.S. through its vertically integrated business model, leveraging unique AI systems and a national acquisition strategy to drive rapid growth in the $57 billion marine market.

- Increased Financing Capacity: Off The Hook YS Inc. has expanded its inventory financing capacity from $25 million pre-IPO to $60 million, enabling the company to acquire high-quality used boats more rapidly to meet accelerating customer demand and support its growth strategy for 2026.
- Accelerated Market Response: The new financing structure allows Off The Hook to offer a broader selection across key geographies and boat categories, increasing the likelihood of customers finding the right boat, thereby enhancing conversion rates and sales velocity, which will further drive company performance.
- AI-Driven Sales Platform: Off The Hook's AI sales platform will expedite the matching and decision-making processes between buyers and sellers, significantly improving sales conversion rates and customer satisfaction, thereby enhancing market competitiveness.
- Vertical Integration Advantage: The company's vertically integrated business model provides multiple value-added services, including customer financing, insurance, and warranties, aimed at improving customer experience and expanding margin opportunities, further solidifying its leadership position in the $57 billion marine market.








