M&A Deal Summary

Artesian Spas Acquires Nordic Hot Tubs

On November 14, 2022, Artesian Spas acquired consumer products company Nordic Hot Tubs

Acquisition Highlights
  • This is Artesian Spas’ 2nd transaction in the Consumer Products sector.
  • This is Artesian Spas’ 2nd transaction in the United States.
  • This is Artesian Spas’ 1st transaction in Michigan.

M&A Deal Summary
Date 2022-11-14
Target Nordic Hot Tubs
Sector Consumer Products
Buyer(s) Artesian Spas
Deal Type Add-on Acquisition

Target

Nordic Hot Tubs

Grand Rapids, Michigan, United States
Nordic Hot Tubs is a manufacturer of hot tubs and related accessories. Nordic Hot Tubs was founded in 1995 and is headquartered in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

Artesian Spas

Las Vegas, Nevada, United States
Category Company
Sector Consumer Products
Revenue 195M USD (2021)
DESCRIPTION

Artesian Spas is a manufacturer of hot tubs and swim spas that provide the best quality hot tubs and spas, the most features, and the greatest range of products. Artesian Spas is headquartered in Las Vegas, Nevada.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 Marquis

Independence, Oregon, United States

Marquis is a manufacturer of hot tubs, swim spas, and related accessories. Marquis offers creative and innovative designs that provide consumers with the ultimate soaking experience, cost less to operate, and require minimal maintenance. Marquis was founded in 1980 and is headquartered in Independence, Oregon.

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