M&A Deal Summary

Fluidra Acquires S.R. Smith

On September 1, 2021, Fluidra acquired consumer products company S.R. Smith from Champlain Capital for 240M USD

Acquisition Highlights
  • This is Fluidra’s 3rd transaction in the Consumer Products sector.
  • This is Fluidra’s 2nd largest (disclosed) transaction.
  • This is Fluidra’s 5th transaction in the United States.
  • This is Fluidra’s 1st transaction in Oregon.

M&A Deal Summary

Date 2021-09-01
Target S.R. Smith
Sector Consumer Products
Buyer(s) Fluidra
Sellers(s) Champlain Capital
Deal Type Add-on Acquisition
Deal Value 240M USD
Advisor(s) Prestwick Partners LLC (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

S.R. Smith

Canby, Oregon, United States
website
S.R. Smith is a global manufacturer specializing in commercial and residential pool deck equipment and accessories. The company operates manufacturing facilities from multiple locations in the United States and Australia. Their products are supported by distributors around the world, with a focus in the United States, Australia, Canada and Europe. S.R. Smith was founded in 1932 and is based in Canby, Oregon.

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Buyer(S) 1

Buyer

Fluidra

Sabadell, Spain

website


Category Company
Founded 1969
Sector Leisure
Employees6,379
Revenue 2.2B EUR (2021)
DESCRIPTION

Fluidra provides manufacture and distribution of solutions for pools and wellness, water treatment, irrigation and fluid handling. Fluidra was founded in 1969 and is based in Sabadell, Spain.


DEAL STATS #
Overall 10 of 13
Sector (Consumer Products) 3 of 3
Type (Add-on Acquisition) 8 of 10
State (Oregon) 1 of 1
Country (United States) 5 of 6
Year (2021) 5 of 6
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Splash

Louvain-la-Neuve, Belgium

Splash offers a complete range of products and accessories that effectively treat swimming pool water and provide a solution to every problem encountered. Splash is based in Louvain-la-Neuve, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Taylor Water Technologies

Sparks, Maryland, United States

Taylor Water Technologies is a manufacturer of water-testing kits and reagents in the residential and commercial pool segments. Taylor Water Technologies was founded in 1930 and is based in Sparks, Maryland.

Buy -

Seller(S) 1

SELLER

Champlain Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 140M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Champlain Capital Partners is a private equity firm focused on growth capital financings and investments in businesses facing succession issues. The Firm is a generalist investor investor and will consider opportunities in a broad range of manufacturing, service and distribution industries. Target businesses typically have revenues of $10 to $100 million and EBITDA of $3 to $15 million. Champlain prefers companies located in the US. Champlain will not invest in turnaround situations. Champlain Capital Partners was formed in 2000 and is based in San Francisco, California with an additional office in Boston, Massachusetts.


DEAL STATS #
Overall 14 of 15
Sector (Consumer Products) 4 of 4
Type (Add-on Acquisition) 5 of 6
State (Oregon) 1 of 1
Country (United States) 14 of 15
Year (2021) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Bee s Wrap

Middlebury, Vermont, United States

Bee’s Wrap is a designer and manufacturer of reusable, all-natural food wraps made from organic cotton and beeswax, a compelling alternative to single-use plastic wrap. Bee's Wrap was founded in 2012 and is based in Middlebury, Vermont.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 FireKing

New Albany, Indiana, United States

FireKing is a manufacturer of fireproof, impact-resistant, document retention and data storage systems. FireKing was founded in 1951 and is based in New Albany, Indiana.

Sell -