Latham Pool Products, which is backed by Pamplona Capital Management and Wynnchurch Capital, has made an investment in Narellan Pools, a pool supply company in Australia and New Zealand. No financial terms were disclosed.
PRESS RELEASE
Latham, New York, June 3, 2019 – Latham Pool Products (“Latham”), North America’s largest manufacturer of in-ground residential swimming pools, announced today that it has made a strategic investment in Narellan Pools, the largest pool supply company in Australia and New Zealand. Pamplona Capital Management invested in Latham alongside former majority owner Wynnchurch Capital in December 2018.
Narellan Pools is an iconic brand known for manufacturing high quality in-ground fiberglass swimming pools. The company began as a small family business 45 years ago and has grown to become a global enterprise spanning multiple services, including world class marketing, manufacturing, and franchising.
The partnership with Narellan will support Latham’s continued growth by opening new markets around the globe, and by expanding its industry-leading manufacturing capabilities.
Latham President and CEO Scott Rajeski said: “Expanding our industry-leading position to both ends of the globe ensures a strong and stable future for our company, our employees, our supplier partners and, most importantly, our loyal and devoted customers.”
Narellan is known for its continuous commitment to developing innovative products and manufacturing technologies. Their best-in-class marketing capabilities, including effective social media strategies, have fueled strong growth by tapping into today’s mobile media savvy customers.
“They build great products and sell them to loyal and satisfied customers — a perfect match for Latham,” Rajeski said. “Being able to add Chris and his dedicated team to Latham was key to getting this strategic partnership formed. He brings an unbelievable passion for service and growth.”
Chris Meyer, Narellan Pools Group Managing Director, said: “We’ve built our success on the fundamentals of delivering superior quality products at all times, operating with integrity and respect, and providing professional advice and personalized service. Scott and the Latham family share these same traits, making our partnership a natural and seamless progression of our business goals.”
About Latham Pool Products:
Latham Pool Products is the largest manufacturer of swimming pool components and pool accessories in North America. Latham’s products are sold primarily to the in-ground pool market, both through a wide range of business-to-business distribution channels in the U.S. and Canada, and direct to pool builders and dealers. Latham is headquartered in Latham, New York, with over 21 locations in the U.S. and Canada.
The company is a Pamplona Capital Management portfolio company, has over 1,300 employees and was founded in 1956.
Latham Pool Products goes to market with many industry leading brands, including Viking, Trilogy, and Blue Hawaiian fiberglass pools; package pool brands Pacific Pools, Fort Wayne Pools, Kafko Pool Products, Performance Pool Products, Premier, Oasis, Plastimayd and VynAll pool liners, CoverLogix manual safety covers, Coverstar and Pool Cover Specialists automatic safety covers.
About Narellan Pools:
Established in 1972, Narellan Pools began as a small, family-owned, fiberglass swimming pool manufacturing business in Sydney’s South West. Today, it has grown to become one of the world’s leading manufacturers of technologically advanced fibreglass swimming pools, supplying and installing throughout Australia, New Zealand and North America. Narellan partners with licensed pool builders to offer the a best-in-class homeowner experience. The history of strong client satisfaction has driven great referral volume and fuelled market leading growth.
About Pamplona Capital Management:
Pamplona Capital Management is a specialist investment manager established in 2005 that provides an alternative investment platform across private equity and other diversified strategies. With offices in New York, London, Madrid, and Malta, Pamplona manages over $12 billion in assets for a variety of clients including public pension funds, international wealth managers, multinational corporations, family offices, and funds of hedge funds. Pamplona invests long-term capital across the capital structure of its portfolio companies in both public and private market situations.
About Wynnchurch Capital:
Wynnchurch Capital, LLC, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California and Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $2.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings.
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