PoolCorp now includes a retail operation.
Earlier this month, the largest distributor in the country signed an agreement to acquire Porpoise Pool & Patio, the Largo, Fla.-based parent company of retail franchise Pinch A Penny. Porpoise also owns Sun Wholesale Supply, which serves as distributor mostly to Pinch A Penny.
“We are excited about combining our industry-leading distribution capabilities with Porpoise Pool & Patio’s well-established customer base, world-class chemical packaging operation, history of operational excellence, and strong growth-oriented Pinch A Penny brand,” said Peter D. Arvan, PoolCorp’s president and CEO. “The addition of the Pinch A Penny franchise network to PoolCorp’s North American distribution business brings substantial growth and operating synergies for both existing independent retail customers and independent franchisees.”
Added Jim Eisch, president and COO of Porpoise Pool & Patio: “This strategic combination of Pinch A Penny’s established retail support capabilities, Sun Wholesale’s central distribution and chemical packaging operations with PoolCorp’s national footprint, product breadth and resources provides a powerful platform for accelerated growth and enhanced retail customer experience,”
PoolCorp said adding Porpoise will expand its opportunities in key pool markets, broaden its sales channels and expand the range of products available to Porpoise. It also means the addition of a chemical packaging operation for PoolCorp.
The transaction is expected to close by year’s end.
Pinch A Penny was founded in 1975 and includes approximately 260 stores in Florida, Texas, Louisiana, Alabama and Georgia.
More information will be provided as it becomes available.
