Covington, Louisiana-based Pool Corporation (Nasdaq/GSM:POOL) says it has completed its previously announced acquisition of Largo, Florida-based Porpoise Pool & Patio, Inc. and its subsidiaries.
Porpoise’s primary operations include Sun Wholesale Supply, Inc., a wholesale distributor of swimming pool and outdoor-living products. It also services Pinch A Penny, Inc., a franchisor of pool and outdoor living-related specialty retail stores in Florida, Texas, Louisiana, Alabama and Georgia.
“Today, we celebrate a new partnership and warmly welcome the employees of Porpoise Pool & Patio to our POOLCORP family. Working together, we are excited about the strong future growth potential that this addition brings to our distribution network,” said Peter D. Arvan, POOLCORP president and CEO. “Porpoise is a unique and successful distribution company in the swimming pool industry that has developed and deployed specialty trade systems, tools and support capabilities specifically attuned to the needs of their franchised stores. I’m looking forward to working with our new team members to build on their well-established distribution business and history of operational excellence.”
Financial details of the deal were not announced.
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