Jacuzzi Brands LLC, a portfolio company of Ares Management, Clearlake Capital Group and Apollo Global Management, has acquired Hydropool Hot Tubs Inc. of Mississauga, Ontario and BathWraps of Roselle, Illinois. Financial terms were not disclosed.
Hydropool Hot Tubs originated in 1970 as a commercial swimming pool company and in 1978 became one of the first hot tub retailers in North America. David Jackson, a 22-year veteran with Hydropool, will continue in his role as President of Hydropool.
“We are extremely excited about the addition of both Hydropool and BathWraps to our existing spa and bath businesses,” said Bob Rowan, CEO Jacuzzi Brands LLC. “Both companies are complementary to our core business and are led by exceptional management teams, which will remain in place as the businesses continue to operate independently.”
“These transactions, along with continued support from our equity sponsors Ares Management, Clearlake Capital Group and Apollo Global Management, provide us an excellent platform for continued momentum in the global marketplace,” added Rowan. “Further, none of this would be possible without the continued support of our employees, customers and suppliers, who continue to believe in the strength of our brands and our tremendous growth potential.”
Chino Hills, California based Jacuzzi Brands LLC, through its subsidiaries, is a global manufacturer and distributor of branded bath and spa products.
photo credit: Hydropool Hot Tubs