M&A Deal Summary

Envest Private Equity and Authority Brands Acquire America s Swimming Pool

On October 22, 2018, growth capital firm Envest Private Equity and Authority Brands acquired franchising company America s Swimming Pool

Acquisition Highlights
  • This is Envest Private Equity’s 1st and Authority Brands’ 1st transaction in the Franchising sector.
  • This is Envest Private Equity’s 10th and Authority Brands’ 3rd transaction in the United States.
  • This is Envest Private Equity’s 2nd and Authority Brands’ 1st transaction in Georgia.

M&A Deal Summary

Date 2018-10-22
Target America s Swimming Pool
Sector Franchising
Buyer(s) Envest Private Equity
Authority Brands
Deal Type Add-on Acquisition

Target

America s Swimming Pool

Macon, Georgia, United States
America's Swimming Pool is the nation’s largest swimming pool service franchise with over 100 franchise owners operating in more than 350 cities across 21 states. America's Swimming Pool provides a number of services to swimming pool owners including pool maintenance, cleaning, inspections, repairs and renovations. America's Swimming Pool was founded in 2002 and is based in Macon, Georgia.

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Buyer(S) 2

Buyer

Envest Private Equity

Virginia Beach, Virginia, United States

Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 162M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Envest Private Equity is a private equity firm that targets East Coast US-based opportunities. Envest prefers businesses operating in basic industries with experienced management and a competitive market positions. Sectors of interest include financial services, franchising, manufacturing, healthcare services, travel and entertainment, and software/IT. The Firm's investment size range is $2 to $7 million. Envest was formed in 1999 and is based in Virginia Beach, Virginia.


DEAL STATS #
Overall 10 of 11
Sector (Franchising) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 2 of 2
Country (United States) 10 of 11
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 NuScriptRX

Nashville, Tennessee, United States

NuScriptRX is a pharmacy that serves the pharmaceutical needs of long-term care facilities and their residents. NuScriptRX is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Service Center Metals

Prince George, Virginia, United States

Service Center Metals, Inc. is a manufacturer of aluminum tubes, pipes, rods, bars, and custom profiles for services center customers. SCM was formed in 2002 and is based in Prince George, Virginia.

Sell -
Buyer

Authority Brands

Columbia, Maryland, United States

Category Company
Founded 2017
Sector Franchising
DESCRIPTION

Authority Brands is a parent company of two home service franchisors, The Cleaning Authority and Homewatch CareGivers. Together, these brands provide recurring home services through more than 300 franchise locations in the U.S., Canada, and Latin America. Authority Brands was formed in 2017 and is based in Columbia, Maryland.


DEAL STATS #
Overall 3 of 14
Sector (Franchising) 1 of 1
Type (Add-on Acquisition) 3 of 13
State (Georgia) 1 of 1
Country (United States) 3 of 14
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Homewatch CareGivers

Greenwood Village, Colorado, United States

Homewatch International, Inc. is a provider of a person-directed, professional at-home services including elder care, care for individuals with developmental and physical conditions, after-surgery care and help for those living with dementia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Mosquito Squad

Richmond, Virginia, United States

Mosquito Squad is an outdoor pest control franchisor with over 250 franchisees in the U.S., Kenya, Indonesia, and Puerto Rico. Mosquito Squad provides services to eliminate mosquitoes, ticks and the diseases they can bring to families and communities and was the creator of the mosquito barrier protection spray method. Mosquito Squad was founded in 2005 and is based in Richmond, Virginia.

Buy -