Latham Pool Products, which manufactures vinyl-liner and fiberglass pools under various brands, is in the process of changing its majority owner.
The company, which has been owned by private equity firms since 2001, is selling majority ownership to London-based global firm Pamplona Capital Management. The current majority holder since 2015, Wynnchurch Capital, will continue to own part of the company.
The deal is expected to close by year’s end. Latham’s management and direction are expected to remain in place, said Latham Board Chairman Mark Laven.
For 17 years, these private-equity relationships have formed the basis of Latham’s growth strategy. The company, which once only produced a line of vinyl-liner-pool products, has undergone a number of acquisitions over the past several years, including such brands as Viking, Trilogy, and Blue Hawaiian fiberglass pools; several package-pool names, including Pacific Pools, Fort Wayne Pools, Kafko Pool Products, Performance Pool Products, Premier, Oasis, Plastimayd and VynAll pool liners; CoverLogix manual safety covers; and Coverstar and Pool Cover Specialists automatic safety covers.
Pamplona Capital Management handles companies in a variety of fields and geographic areas, investing primarily in the U.S. and Europe.
