On March 18, 2026, Off The Hook YS Inc. (NYSE American: OTH) announced the acquisition of a strategic waterfront property on the Chesapeake Bay, enhancing its operational capabilities in a high-density marine market. This new hub is expected to significantly increase inventory velocity and margin capture for the company, which is the largest buyer and seller of used boats in the United States. The facility will allow Off The Hook to store up to 150 boats, reducing reliance on costly third-party storage solutions. Previously, the company incurred an average expense of approximately $500 per boat per month for storage. By consolidating inventory on-site, Off The Hook aims to streamline operations, improve efficiency, and enhance customer access to ready-to-go pre-owned boats. The acquisition is seen as a critical step in scaling operations in the Mid-Atlantic region, which is known for its active boating corridors. The new facility will also support the company's logistics and financing divisions, further integrating its services and improving transaction efficiency. CEO Brian John emphasized the strategic advantages of the location, highlighting direct water access and high visibility as key factors that will drive long-term growth. The Piney Narrows facility is expected to begin operations in the coming months, marking a significant milestone in Off The Hook's expansion strategy.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.