Recapitalizationverified
Shoreline Equity Partners recapitalizes Tampa's Pool Troopers
What happened. Shoreline Equity Partners announced a partnership with Tampa-based Pool Troopers, then serving more than 15,000 residential customers with over 165 employees across Florida, Texas and Arizona and ranked first on the 2019 Pool & Spa News/Jandy list. CEO Gary Crayton and president Dave Hahmann retained ownership and leadership. Shoreline managing partner Mike Hand said the team had established the company as a clear leader in pool service. The stated plan was an aggressive acquisition strategy across the Sunbelt, which produced more than 20 add-ons including seven in Tampa Bay.
Parties
- Company
- Pool Troopers · Tampa, Hillsborough County
- Buyer
- Pool Troopers
- Capital
- Shoreline Equity Partners, LLC
- Price
- Not disclosed
- Employees
- 165 at announcement
The name on the truckPool Troopers
Tampa, Hillsborough County
Operating ownerSPS PoolCare (Smart Pool Services)
Austin, TX
Capital behind it
Other Tampa Bay brands under Pool Troopers: Pure Planet Pools, All Clear Pool Services, Pool Medic, Burke Pool Service, Kevin's Pool Service, Professional Pool Solutions, Clearwater Pool Pros.
What this kind of deal tends to mean for customers and staff: pricing · sales pressure · technicians · the exit clock.
Sources Verified — primary document
- BusinessWire (2020-10-13) — press release. Recap announcement, size, leadership, quotes
- Shoreline Equity Partners (2020-10-13) — press release. Sponsor version of the announcement
Researcher notes: Recorded as a recap with the company itself as buyer_slug because the platform was recapitalized rather than sold to another operator.
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