Connect with us

Manufacturer

Latham IPO begins trading on Nasdaq

Latham IPO began trading Thursday. Scott Rajeski and his team were able to raise $380 million dollars in the IPO debut of Latham on Nasdaq.

Published

on

Latham IPO - Latham Group - Scott Rajeski ringing the opening bell as SWIM begins trading on NASDAQesk

Latham Group Inc. had their initial public offering today. Shares soared 43% on the first day of trading. Latham was able to raise $380 million in their initial public offering priced at the bottom of a marketed range.

The stock was initially priced at $19 per share in its IPO on Thursday, but closed at $27.25 in New York trading on Friday, giving it a market cap of $3.3 billion. The shares were sold by Latham for $19 to $21 each.

During the coronavirus pandemic, Latham’s profit and sales increased as property owners focused on home improvements, such as pools. Latham focused on acquiring Narellan and a 28% stake in Premier Pools & Spas.

In an interview, Chief Executive Officer Scott Rajeski said that he believes Latham will outperform the market, which he expects to rise by 10% per year.

“We felt this was a really good time to get our story out there into the public markets and continue to drive with brand awareness of our company,” Rajeski said.

“We are so excited that we are on this journey as we embark on pushing our brand to the homeowner. We created this unique direct to homeowner model to educate them on why a Latham fiberglass pool is the best pool of choice.” said Scott Rajeski “It’s got great economics, it’s got a lower up front cost than traditional products, and we are single handededly driving this material conversion story of fiberglass pools vs other pool types. It’s got an 18% penetration today in North America today,” continued Rajeski

Last year, Latham earned $16 million in net income on revenue of $403 million in net sales, up from $7.5 million in net income on $318 million in sales the previous year. The IPO proceeds will be used to pay down debt and buy back shares, as well as for general corporate purposes, according to the group, which is headquartered in Latham, New York.

Barclays Plc, Bank of America Corp., Morgan Stanley, and Goldman Sachs Group Inc. led the sale. The stock is traded under the symbol SWIM on the Nasdaq Global Select Market.

Featured Photo Credit: Times Union

5/5 - (1 vote)

Editor in Chief of Pool Magazine - Joe Trusty is also CEO of PoolMarketing.com, the leading digital agency for the pool industry. An internet entrepreneur, software developer, author, and marketing professional with a long history in the pool industry. Joe oversees the writing and creative staff at Pool Magazine. To contact Joe Trusty email [email protected] or call (916) 467-9118 during normal business hours. For submissions, please send your message to [email protected]

Click to comment
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Manufacturer

Clear Blue Water Tech, UAG Team Up on Affinity Pool

Published

on

clear-blue-water-tech-uag-affinity

Syracuse, NY — 07/03/25 — James Melnicoff, President of Clear Blue Water Tech, is pleased to announce a new partnership with United Aqua Group (UAG), one of the most respected buying groups in the pool and spa industry. Headquartered in Las Vegas, Nevada, UAG has been transforming how pool and spa professionals purchase products and services since its founding in 1963.

“At United Aqua Group, we’re always looking for vendor partners who share our commitment to quality, innovation, and member success,” said Craig Goodson, President of United Aqua Group. “Clear Blue Water Tech brings a strong reputation and a robust line of products that will enhance the value we deliver to our members. We’re excited to welcome them to the UAG family.”

Through this partnership, Clear Blue Water Tech will offer its Affinity-branded line of pool and specialty chemical products to UAG members across the country. The product line includes liquid pool stabilizer, liquid clarifiers, pod clarifiers, liquid phosphate removers, phosphate remover tablets, flocculants, enzymes, solar treatments, spa products and more—all designed to deliver exceptional value, trusted quality, and fast shipping.

“We are honored to be selected as a vendor to such a well-established and forward-thinking organization,” said Melnicoff. “Our team is committed to providing UAG members with innovative, reliable, and cost-effective solutions for their pool and spa chemical needs.”

For more information about Clear Blue Water Tech or the Affinity product line, visit clearbluewatertech.com or contact us at [email protected].

To learn more about United Aqua Group and the benefits of membership, go to unitedaquagroup.com or email [email protected] for more information.

Rate this post

Continue Reading

Manufacturer

CCEI Taps Martin Grenier to Head North American Operations

Published

on

martin-grenier-operations-ccei

CCEI, is pleased to announce the hiring of Martin Grenier to head their North American operations. Martin has over 10 years of experience in the swimming pool industry having worked for Hayward for over 7 years plus other positions in both retail and distribution. CCEI is a manufacturer of automation and controller systems in the US as well as lighting systems in Canada, Mexico, Europe and Africa with its head office located in France.  

Martin is now responsible for operations and sales for both the company’s US and Canadian markets and is also charged with raising brand and product awareness of CCEI’s products throughout the North American pool industry. “As an established supplier in Europe, we are focused on raising awareness of our products and services with pool builders, retailers and distributors, while also working to form strategic partnerships in the US and Canada,” says Grenier.  A native of Canada, Martin is also fluent in English and French. “Martin has already made a significant impact in the Canadian swimming pool market and we are confident CCEI will continue to experience exponential growth in sales of our products in both the US and Canadian markets,” says Sébastian Chéreau, Head of CCEI’s Global Marketing. “We are pleased to have Martin join our team and share his expertise with our company as he helps align our marketing strategies and goals across all branches of CCEI around the world,” says Sébastien Chéreau, Marketing Director for CCEI.  

Since 1973, CCEI has been designing and manufacturing electrical equipment for private and public pools. Over the years, we have acquired in-depth experience with pools and their specific constraints. Starting as a manufacturer specialized in electrical boxes, CCEI has expanded to different areas, including automatic water treatment and lighting for pools.

CCEI’s technical team has also grown and now has a team with recognized skills in electronics, optics and electrochemistry. With this knowledge, CCEI is now able to provide global, adapted solutions to pool builders and industries and enhance the safety, ergonomics and reliability of pool facilities. 

Martin can be reached at the company’s offices in Montreal at:  [email protected].

More information about the company’s US operations can be found at:
www.ccei-pool.com/us/
CCEI USA Inc., Inglewood, CA 90301

 

Rate this post

Continue Reading

Manufacturer

BUBLUE Premiers BuHybrid L6 Cord/Cordless Cleaner and BuVortex V5 Skimmer

Published

on

bublue-buhybrid-l6-cord-cordless-pool-cleaner-corner-boost

The BuHybrid L6 and BuVortex V5 make waves above and below the surface, setting new standards in autonomous pool cleaning with powerful performance and intelligent design

New York, NY June 25, 2025.  BUBLUE, the company behind the innovative BuBot line of robotic pool cleaners, is making waves above and below the surface as today it unveils two poolside game-changers: the BuHybrid L6, the world’s first hybrid cord and cordless robotic pool cleaner, and the BuVortex V5 surface skimmer. Built to handle pools of various sizes and terrains, the top-of-the-line BuHybrid L6 combines powerful suction, smart AI, and four specialized cleaning modes to leave every wall, floor, and corner gleaming. Meanwhile, the BuVortex V5 effortlessly traverses the surface, sweeping floating debris from edge to edge with precision and ease. 

Bublue BuHybrid L6 – The “Range Rover” of Pool Cleaners 

With industry-leading intelligence, suction, and agility, the BuHybrid L6 is the “Range Rover” of pool cleaners. It is the first robotic cleaner to combine cordless freedom with plug-in endurance, providing pool owners with unmatched versatility.  It can operate cordlessly in battery mode for up to 2 hours – perfect for everyday maintenance, or indefinitely when connected to its 49-foot power cord, giving it the unrivaled ability to perform deep, continuous cleans on even the largest pools. 

Packed with cutting-edge innovation, the BuHybrid L6 is one of the most advanced robotic pool cleaners to hit the market. With 4-in-1 modes—Floor, Wall, Cross-Platform, and Waterline—it adapts to any surface. Its intelligent navigation and wall-climbing capabilities ensure comprehensive coverage, reaching up to 99% of the pool area with no corner left untouched. The standout features include:   

  • Powerful 2906 GPH Suction: Thanks to Bluehole Technology™ that harnesses high-efficiency brushless motors and an optimized impeller water flow system to deliver relentless suction power, leaving no debris, sand, leaves, or stubborn dirt behind. 
  • Deep Water PilotTM: An advanced sonar system that delivers exceptional performance across both shallow and deep pool areas and ensures optimal performance at all pool depths. It intelligently detects the pool wall or obstacles at long distances in a quick and accurate manner, and it can adjust the robot’s position in real-time to enable controlled and gradual movement on slopes.   
  • AI-Powered Smart Navigation: Advanced sonar, infrared sensors, and an AI camera work together to map the pool, detect obstacles, and optimize cleaning paths, using N-shape patterns for walls and S-shape for floors for maximum coverage and efficient, uninterrupted cleaning. 
  • Corner Boost Technology: When encountering a wall, it automatically reverses slightly and advances again, effectively cleaning the edge or corner twice for improved results.   
  • High-Capacity Ultra-Fine Filtration: Large 4L filter basket with ultra-fine mesh that captures even the smallest debris. The basket is easily removable and washable for hassle-free maintenance. 
  • Wall-Climbing & Multi-Surface Mastery: Specialized roller-shaped 5-in-1 scrubbing brushes and tank-style tracks, allowing it to easily climb walls and clean pool surfaces made of PVC, vinyl, concrete, and fiberglass.   
  • Self-Parking: When the battery runs low, the robot automatically navigates to the pool’s edge for easy retrieval and recharging. 
  • BUBLUE App Control: Connect via Bluetooth or Wi-Fi to monitor all aspects of the robot in real time, receive OTA updates, and fully customize and manage the cleaning experience.  

BuVortex V5 – Putting Debris in a Spin 

Powered by dual motors and Bublue’s proprietary Bluehole™ suction technology, the BuVortex V5 features intelligent navigation that allows it to free itself from obstacles, along with a rugged (UV), weather-resistant design built to withstand the elements. It’s a true pool skimmer winner engineered for powerful, hassle-free surface cleaning.   

Compatible with all pool types and built to handle any shape, the BuVortex V5 is a true poolside powerhouse, delivering up to 98% coverage. Some of its key features include:   

  • Two cleaning modes: Auto Mode for routine surface and corner cleaning. Corner Boost Mode for enhanced cleaning along edges and corners. 
  • Utilizes Bluehole Technology™ powered by dual motors to deliver strong suction, effectively removing sand, leaves, and surface-level debris. 
  • Bluestream Technology™: During cleaning, it generates a powerful centripetal water flow that creates a vortex effect, swiftly drawing in debris from corners and edges for deeper, more targeted cleaning.
  • Dual filtration System: Features a 5L basket and filtration pad to trap both large and fine debris, including twigs, sand, hair, and grease, with an overflow-prevention net to stop debris leakage. 
  • Bluesonic Path™ Technology: Intelligent navigation, allowing it to adapt to pools of various shapes and automatically escape from obstacles, skimmer weir, or stairs. 
  • BUBLUE APP Control: Bluetooth and WiFi connectivity to select modes, track runtime, receive OTA updates, and trigger the one-click smart poolside parking command for easy retrieval. The App features the industry’s first “Precise Driving Mode”, allowing you to manually control the robot remotely for thorough cleaning of specific pool areas.  

Availability 

The BuHybrid L6 and BuVortex V5 will both be available starting June 25, 2025, on Bublue.com and Amazon. The BuHybrid L6 will be priced at $1599, and the BuVortex V5 at $369. 

About Bublue 

BUBLUE is a leader in high-end intelligent robots, blending innovative technology with artistic aesthetics. Founded in New York City, its mission is to enhance quality of life through unique, luxury technology. Specializing in intelligent pool cleaning robots, BUBLUE drives innovation in AI, digital tech, underwater detection, and battery technology. 

BUBLUE designs, develops, manufactures, and sells high-end intelligent pool cleaning robots, driving constant innovation in next-generation technologies such as artificial intelligence, digital technology, underwater ultrasonic detection, integrated wired and wireless systems, and battery technology. With a focus on next-gen products like pool robots, BUBLUE challenges traditional tech perceptions and aims to shape a better future for humanity.  

For more information visit: https://bublue.com/

5/5 - (2 votes)

Continue Reading

Pool News

0
Would love your thoughts, please comment.x
()
x