A Chicago-dependent expenditure company backing Riverbend Sandler is constant its push to consolidate the swimming pool constructing and servicing group in Dallas-Fort Value.
Claffey Swimming swimming pools of Southlake might be part of an possession group that started its consolidation drive with Plano-centered Riverbend Sandler, in accordance to commerce publication Pool & Spa Information. It’s now the third large North Texas participant to be obtained by the funding company.
The provide was finalized Dec. 31 however manufactured neighborhood Thursday. Phrases weren’t disclosed.
Driving the consolidation is Chicago-based largely Concentric Equity Companions, which invested in Riverbend Sandler final April with a intention of getting a controlling market share in D-FW.
In November, it picked up Fort Actually worth-based pool building and renovation corporations Pulliam Pool Builders Inc. and Pulliam Services and products Inc. That deal created the merged enterprise one specific of the biggest pool growth firms within the nation.
Claffey Swimming pools takes it up an additional notch.
Pool & Spa Data stated Claffey ranked No. 8 between the nation’s high rated 50 pool builders, with virtually $32 million of residential building income in 2020. It builds primarily significant-stop swimming pools, with employment averaging throughout $142,000, based on the publication.
The agency was launched in 1987 by Paul Claffey, father of essentially the most trendy principals — president Charlie Claffey, product sales supervisor Brian Claffey and senior model and design specialist Shelley Claffey.
“We’re an incredible agency, and so they’ve obtained a beautiful asset,” Charlie Claffey knowledgeable Pool & Spa Information. “And in return we think about that they’ve obtained the bandwidth to allow us capitalize on the mannequin. And we simply think about they’re an excellent, ethical, honest partner.”
The Claffeys will carry on being with the enterprise, alongside with their 95 personnel.
Riverbend Sandler following expects to deal with pool builders and repair and routine upkeep companies in Austin, Houston and San Antonio, Pool & Spa Data acknowledged.
Help and maintenance took on new value in Texas previous winter season, when an epic freeze resulted in 1000’s of broken swimming pools all through the situation. Previous to that, the pandemic drove a surge in pool design within the U.S. in 2020, with 96,000 new family in-ground swimming swimming pools developed — the best complete in in extra of a ten years, in accordance to the Pool & Extremely sizzling Tub Alliance.