Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, has added Nordic Tubs to its pool and spa platform. The platform now consists of Artesian Spas, Marquis Hot Tubs and Nordic Hot Tubs.
Nordic manufactures hot tubs and related accessories for the residential market in North America and Europe. The Nordic acquisition will enhance the platform’s existing product portfolio by adding the leading manufacturer of high-density polyethylene (HDPE) hot tubs in the value category.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC provided legal counsel to Monomoy on the acquisitions. Calder Capital, LLC served as financial advisor and Varnum LLP served as legal counsel to Nordic.
