GLI POOL PRODUCTS EMBARKS UPON STRATEGIC PARTNERSHIP
WITH LATHAM POOL PRODUCTS
New York, NY: [OCTOBER 22, 2020] – GLI Pool Products announced today that they have joined the Pamplona Capital Management portfolio of companies. PCM is also the majority investor in Latham Pool Products, North America’s largest provider of inground residential swimming pools and accessories.
The Youngstown, Ohio-based GLI is a known service leader in shipping custom inground swimming pool liners and safety covers. GLI is a long-standing, valued brand with a recognized commitment to excellence.
“For years, I have sought to ensure that GLI and our associates would continue to thrive long into the future,” said GLI Pool Products owner Gary Crandall, “I have found the right partner to maintain and accelerate our positive trajectory.
GLI and Latham will operate independently, though they will leverage shared technology and best practices in order to provide the best customer experience.
“Gary Crandall has built an outstanding organization,” said Latham CEO Scott Rajeski, “We look forward to our relationship with GLI and all the possibilities it presents.
About GLI Pool Products:
GLI Pool Products is a privately held and locally owned manufacturer. They currently employ over 340 people operating three shifts within their Youngstown facility. GLI utilizes lean manufacturing processes to manufacture and ship custom pool liners and safety covers worldwide.
GLI is committed to delivering their products, particularly custom pool liners and safety covers, quickly and professionally. Predictably fast and flawless delivery in a seasonal business is a service that customers come to rely on for planning their business with GLI. They combine this with a blend of consumer and trade marketing programs that are targeted at incremental profit enhancement.
A majority of GLI's products are sold through approximately 450 wholesale pool distributors and 1,500 swimming pool retailers/dealers/builders/Service companies.
About Latham Pool Products Inc.:
Latham is the largest provider of residential inground pools and accessories in the world with over six decades of experience. Every day, families in North America, Europe and Australia enjoy the Latham pool experience. And each year, thousands more join them. When it comes to quality, selection, simplicity and support, Latham is The Pool Company.
From fiberglass pools in more than 50 shapes and 12 brilliant colors to vinyl liner pools and automatic safety covers, Latham pools are backed better because they’re built better. Digital tools like the Latham Liner Visualizer and the fiberglass AR app give homeowners innovative resources to build the backyard of their dreams.
As of December 2018, Pamplona Capital Management has a controlling interest in Latham Pool Products, Inc., and Wynnchurch Capital is a significant investor in the Company. Pamplona, Wynnchurch, management, and the founding family have partnered to position the business for meaningful growth, innovation, and international expansion.
About Pamplona Capital Management:
Pamplona Capital Management is a specialist investment manager established in 2005 that provides an alternative investment platform across private equity and other diversified strategies. With offices in New York, London, Madrid, and Malta, Pamplona manages over $12 billion in assets for a variety of clients including public pension funds, international wealth managers, multinational corporations, family offices, and funds of hedge funds. Pamplona invests long-term capital across the capital structure of its portfolio companies in both public and private market situations.
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.