Special Situations/Distressed • Consumer Products

Littlejohn Acquires Latham Group

On October 25, 2010, private equity firm Littlejohn acquired consumer products company Latham Group for 184M USD

Acquisition Context
  • This is Littlejohn’s 3rd transaction in the Consumer Products sector.
  • This is Littlejohn’s 3rd largest (disclosed) transaction.
  • This is Littlejohn’s 18th transaction in the United States.
  • This is Littlejohn’s 2nd transaction in New York.
Investment Fate
  • Latham Group was sold to a consortium of financial buyers in 2015.
  • Latham Group was sold to a consortium of financial buyers in 2018 for 375M USD.
  • Latham Group went public in 2021.

Explore All 33 Special Situations/Distressed Consumer Products Deals - Search the Database Free


M&A Deal Summary

Date October 25, 2010
Target Latham Group
Sector Consumer Products
Buyer(s) Littlejohn
Deal Type Special Situations/Distressed
Deal Value 184M USD

Target Company

Latham Group

Latham, New York, United States
Latham Group is a manufacturer of pool components and accessories in North America. The Company’s product offering includes in-ground vinyl pool liners, above-ground vinyl pool liners, polymer and steel pool wall systems, fiberglass pools, steps and ladders, pool safety covers, and other pool related accessories. Latham Group was founded in 1956 and is based in Latham, New York.
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Buyer Overview 1

Buyer

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.


Deal Context for Buyer #
Overall 22 of 66
Sector: Consumer Products 3 of 5
Type: Special Situations/Distressed 1 of 2
State: New York 2 of 4
Country: United States 18 of 62
Year: 2010 3 of 4
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-04 Cosmetic Essence

South Holmdel, New Jersey, United States

Cosmetic Essence, Inc. is a provider of outsourced formulating, manufacturing, filling, packaging, and distribution services to the personal care products industry. Cosmetic Essence manufactures cosmetics and health and beauty care products, such as fragrances, cremes, lotions and color cosmetics, for a diversified base of branded marketers and retailers. Cosmetic Essence, Inc. was founded in 1982 and is based in South Holmdel, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Henniges Automotive

Auburn Hills, Michigan, United States

Henniges Automotive, Inc. is a designer, manufacturer and seller of a complete line of highly engineered sealing and anti-vibration systems for automotive applications systems for doors, windows, trunks, lift-gates, sunroofs and hoods.

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