US-based AI-powered marine marketplace Off The Hook YS, has closed its acquisition of Apex Marine Group (APEX), South Florida marine service, storage and sales operation.
The acquisition provides Off The Hook with South Florida facilities and a full-service team and infrastructure that will enhance Off the Hook’s operational efficiency, refurbishment capacity and global sales reach.
APEX’s facilities include storage and service locations, haul-out capacity up to 150 metric tons and vessels up to 130 feet and in-house teams covering repair, refit and refurbishment.
The addition of the facilities will allow Off the Hook to process the majority of acquired inventory internally.
Reducing third-party services
“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,” explained Brian John, CEO.
“This centralised approach allows us to standardise refurbishment quality, reduce cycle times from acquisition to resale, and scale inventory without proportional overhead increases.”
Jason Ruegg, Off the Hook Yachts founder, added: “This acquisition is fundamentally about operational dominance through infrastructure.
“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.”
