M&A
confidence high
sentiment positive
materiality 0.65
Latham Group acquires Radiant Pools for $90M in cash; expands into aluminum-walled pool category
Latham Group, Inc.
- Acquired Radiant Pools for $90M in cash; ~$88M paid at closing, $0.9M in escrow.
- Radiant Pools generates ~$35M in annual sales; adds vinyl-lined, aluminum-walled pool line.
- Funded via $50M incremental term loan and existing cash; no material impact on FY2021 outlook.
- Former owner Tony Sirco remains as partner to oversee integration into Latham.