SEC Filing: BoatsForSale.com Just Sold for $396,769

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I was reviewing some SEC filings this afternoon, and I came across an 8-K filing today from a company called OneWater Marine Inc., a publicly traded company with a ~$450 million market cap that trades on the NASDAQ market under the ONEW ticker symbol. The filing was made to announce that the company acquired the BoatsForSale.com domain name for a reported $396,769:

“On August 22, 2020, One Water Assets & Operations, LLC (“OWAO”), a subsidiary of OneWater Marine Inc. (the “Company”), entered into an agreement (the “Purchase Agreement”) with Boats4Sale.com, LLC (“Boats4Sale”). Pursuant to the Purchase Agreement, OWAO purchased the website domain name “Boatsforsale.com” (including all related goodwill) from Boats4Sale in exchange for cash consideration of $396,769.00. The Purchase Agreement includes customary representations, warranties and covenants by OWAO and Boats4Sale.

The Company’s Chief Executive Officer, Austin Singleton, and President and Chief Operating Officer, Anthony Aisquith, are the controlling members of the entity that holds a 95% interest in Boats4Sale and that serves as its sole manager. Jeffrey Lamkin, a director of the Company, is the sole manager of an entity that holds a 2.5% interest in Boats4Sale. The transaction was approved in accordance with the Company’s Related Party Transactions Policy.”

OneWater Marine, Inc. also published a press release to announce the acquisition.

I did a GoDaddy Whois search to see if the domain name transferred yet, but due to Whois redaction, it is not possible to tell if the transfer was completed. In addition, it appears that both parties are located in the state of Georgia, and that is pretty much the only information that can be gleaned about the registrant.

If you visit BoatsForSale.com, you can see a coming soon page, so it seems pretty clear that the deal was for the domain name and did not include a website.

Once Ron Jackson confirms the nearly $400,000 acquisition, it will rank as DNJournal’s third largest publicly reported domain name sale of 2020.

3 COMMENTS

  1. The Company’s Chief Executive Officer, Austin Singleton, and President and Chief Operating Officer, Anthony Aisquith, are the controlling members of the entity that holds a 95% interest in Boats4Sale and that serves as its sole manager.

    They bought it from themselves

  2. That’s a typical related party transaction, buyer and seller are the same entities and price can be “adjusted” as they please …
    Not a real sale actually.

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