Wynnchurch Capital Sells Controlling Interest in Latham Pool Products
Rosemont, IL — December 19, 2018 — Wynnchurch Capital (“Wynnchurch”) is pleased to announce that it has sold a controlling interest in Latham Pool Products, Inc. (“Latham” or “the Company”) to Pamplona Capital Management (“Pamplona”). Wynnchurch will remain a significant investor in the Company.
Headquartered in Latham, NY, Latham is the leading manufacturer of pool components and accessories in North America. The Company’s industry leading, branded product offering includes fiberglass pools, automatic safety covers, in-ground vinyl pool liners, polymer and steel pool wall systems, and other related accessories. The Company has over 20 manufacturing facilities and distribution centers across the U.S. and Canada. Wynnchurch acquired Latham in August 2015.
Chris O’Brien, Managing Partner at Wynnchurch said, “We are very pleased with the extraordinary progress that Latham has made and believe the business, under Scott’s leadership, is poised for future growth. Pamplona brings global resources and significant experience supporting growth businesses, which will help continue Latham’s development as the leader in the pool industry.”
Wynnchurch, Pamplona, management, and the founding family have partnered to position the business for meaningful growth, innovation and international expansion. The investors are pleased to be backing the current management team, led by CEO Scott Rajeski, which will continue to lead the Company post acquisition.
“Latham is a much stronger and different company today than it was five years ago. I am very appreciative of all the support Wynnchurch has provided us over the last three years and I believe Pamplona is the right partner to help to accelerate our growth strategy going forward,” said Mr. Rajeski.
Foley & Lardner LLP provided legal advice to Wynnchurch in connection with the transaction and William Blair and Moelis served as financial advisors.
About Latham Pool Products
Founded in 1956, Latham is the leading manufacturer of in-ground residential swimming pools and components in North America. Latham offers a broad product line that includes fiberglass pools, automatic safety covers, in-ground vinyl pool liners, polymer and steel pool wall systems, and other related accessories. Homeowners from coast to coast enjoy the full benefits of pool ownership thanks to innovative Latham products. For more information, please visit: www.lathampool.com.
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. For more information, please visit: www.wynnchurch.com.