Aqua-Leisure Recreation, LLC, (Aqua-Leisure) the market leader in the aquatics consumer product industry, has acquired Blackford Capital-backed INYO Pool Products, LLC, (INYO or INYO Pool).
Blackford Capital-backed Aqua-Leisure Recreation, LLC (Aqua-Leisure), a specialist in the aquatics consumer product industry, has acquired INYO Pool Products, LLC, (INYO Pool).
INYO Pool is a direct-to-consumer brand of swimming pool supply, repair and maintenance products, offering best-in-class “How To” content and consumer engagement serving more than 100,000 pool owners annually.
The INYO acquisition is the second add-on acquisition for Aqua-Leisure since Blackford Capital acquired the company in January 2021 and comes just four months after Aqua-Leisure acquired Airhead Sports Group.
Effective with this acquisition, John Paroline will become President and General Manager for INYO Pool reporting to Leland Nichols, Aqua-Leisure’s Chief Operating Officer. INYO co-founder Patrick Paroline will continue with the company as the Director of Strategy and New Products focused on the continued expansion of the Pureline brand across additional product segments.
Orchard MB served as exclusive financial advisor and Burr & Forman served as legal advisor to INYO. Varnum LLP served as legal advisor and Grant Thornton served as the financial and tax advisor to Blackford. Key Bank provided debt financing and Muzinich & Co and Capital Dynamics provided debt and equity financing in support of the transaction.
