PITTSBURGH, November 30, 2021–(BUSINESS WIRE)–Evoqua Water Technologies (NYSE: AQUA), an industry leader in mission-critical water treatment solutions, today announced that it received the Frost & Sullivan’s 2021 Global Company of the Year Award for sustainability in the water technology market. The company was honored because of its next-generation technologies and pragmatic approach to sustainability, which are supported by its commitment to innovate and support environmental and social impact.

In selecting Evoqua for this award, Frost & Sullivan’s global team of analysts evaluated growth opportunities across multiple industries, technologies, and regions to identify companies that consistently develop new growth strategies based on a visionary understanding of the future, and, thus, more effectively address new challenges and opportunities.

Fredrick Royan, Vice President at Frost & Sullivan, states that “Over the past century, Evoqua has carefully built a reputable brand that embodies quality, safety, and reliability. Renowned for its expertise in removing impurities from water, it collaborates with customers to deliver industry-first innovations, tailored solutions, and sophisticated services to address full lifecycle customer needs related to SDG 6.”

Frost & Sullivan highlighted Evoqua’s implementation of sustainable processes throughout its corporate governance structure and into its business model, differentiating itself through its strategies, operations, and water sector impact. Additionally, Frost & Sullivan cited Evoqua’s ability to “grow its leadership position by continuously innovating and creating new products and solutions that serve ever-evolving customer sustainability goals.”

“Our dedication to sustainability and our promise for a better tomorrow is deeply rooted in Evoqua. Enabling a more sustainable water system for future generations is both our opportunity and our responsibility,” said Ron Keating, Evoqua’s Chief Executive Officer. “We are proud to be recognized by Frost & Sullivan for the positive impact we make for our customers each day and deliver on our brand promise of Transforming Water. Enriching Life.”

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. To learn more, visit www.frost.com.

About Evoqua Water Technologies

Evoqua Water Technologies is a leading provider of mission-critical water and wastewater treatment solutions, offering a broad portfolio of products, services, and expertise to support industrial, municipal, and recreational customers who value water. Evoqua has worked to protect water, the environment, and its employees for more than 100 years, earning a reputation for quality, safety, and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 150 locations across ten countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life.® To learn more, visit www.evoqua.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211130005155/en/

Contacts

Evoqua Water Technologies

Media
Sarah Brown, 506-454-5495 (office)
sarah.brown@evoqua.com

Investors
Dan Brailer, 724-720-1605 (office)
412-977-2605 (mobile)
dan.brailer@evoqua.com

(Alexandria, Va.)—The Pool & Hot Tub Alliance is proud to announce the winners of its 2021 Awards, including Builder of the Year, Certified Service Professional of the Year, Retailer of the Year, and Young Professional of the Year. 

This year’s award winners are as follows: 

Builder of the Year

Joseph Vassallo, Jr., Paragon Pools

The Builder of the Year Award is a peer-nominated award. It is awarded to a CBP who has advanced the pool building profession through outstanding achievements and dedication to the industry.

Joseph Vassallo, Jr. has influenced the advancement of the industry through his commitment to providing pools and spas that exceed the industry and state standards, earning him and the company a multitude of industry and professional awards. These awards and recognitions credit his extensive knowledge of design and building of superior pools/spas as well as acknowledges his integrity as a professional businessman. Beyond that, he has been involved both personally and through his company Paragon Pools in a variety of charity programs and activism over the years. He has provided finances, resources, given of his time, and recruited others to support worthy causes in the community. His involvement shows the residents, fellow businesses, and media how devoted he (and the company) are to the building a sustainable community bringing positive awareness of pool industry professionals.

Certified Service Professional of the Year 

Noel Conley, Miracle Pool Service, Inc.

The Certified Service Professional of the Year Award is a peer-nominated award. Each year, it is awarded to one CSP who has advanced the service profession through outstanding achievements and dedication to the industry.

Noel Conley served for nine years as a subject matter expert for the industry and was instrumental in creating the North Texas Chapter’s Dive into Recovery program to help disabled veterans. He also teaches PHTA’s certification courses and helps develop testing and training material. He has served on the Texas Pool and Spa Coalition, the North Texas Chapter Board of Directors, the PHTA Service Council, the PHTA Education Committee, and was named a PHTA Fellow in 2016.

Retailer of the Year

Crystal Pools, Elizabethtown, PA

The Retailer of the Year Award recognizes one outstanding retailer that has advanced the retail profession through outstanding achievements and dedication to the industry. 

This company’s success is due to the focus it has on training its employees. Each employee working in the store must go through extensive product training so that they can answer questions and assist in product selection based upon their customers’ needs. Beyond that, they are active within their community. They are engaged with the Make-A-Wish Foundation and annually provide and install aboveground pools for very ill children.

Josh Culp accepted the award on behalf of Crystal Pools.

Young Professional of the Year

Allen Jerabeck, Tarson Pools & Spas

The Young Professionals of the Year Award recognizes forward-thinking leaders under the age of 40 who will be the voice and next generation of pool and spa professionals.

Allen Jerabeck is a pool and spa specialist for Tarson Pools & Spas in North Syracuse, NY. Allen is a CPO and a member of WAVE and has received numerous awards of excellence for his service and skill over the past 6 years. Originally from California, Allen spent the past two years elevating his company by not only using better components in his builds, but also focusing on creating better processes and applying new technologies.

“We are proud to honor each of these outstanding pool and spa professionals,” says PHTA President and CEO Sabeena Hickman, CAE. “Thanks to the incredible work of these dedicated leaders, our industry continues to grow, evolve, and flourish. Congratulations to all of our 2021 winners!”

For more information, please contact Janay Rickwalder, PHTA’s Vice President of Communications and Public Relations, at jrickwalder@phta.org or 703.357.3918.

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About the Pool & Hot Tub Alliance 

The Pool & Hot Tub Alliance (PHTA), a non-profit organization with nearly 3,500 members from around the world, was established in 1956 to support, promote, and protect the common interests of the $36.5B pool, hot tub and spa industry. PHTA provides education, advocacy, standards development, research, and market growth to increase our members’ professionalism, knowledge and profitability. Additionally, PHTA facilitates the expansion of swimming, water safety and related research and outreach activities aimed at introducing more people to swimming, making swimming environments safer and keeping pools open to serve communities. For more information, visit www.phta.org. 

LATHAM, N.Y., Nov. 30, 2021 (GLOBE NEWSWIRE) — Latham Group, Inc. (“Latham” or “the Company”), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that it has acquired Radiant Pools for approximately $90 million. The acquisition expands Latham’s product portfolio into vinyl-lined, aluminum-walled swimming pools, which are an affordable option that allow consumers to create the ultimate backyard experience, and which provide solutions for a variety of backyard pool applications.

Based in Albany, NY, Radiant Pools was formed in 2005 following its acquisition of Trojan Pools, who invented the vinyl-lined, aluminum-walled category in 1957. Radiant Pools uses patented technology, derived from aerospace engineering, to make structurally insulated wall panels, which makes its products a durable and aesthetically pleasing option for homeowners. Vinyl-lined, aluminum-walled pools can be installed fully in-ground or fully above-ground, depending on homeowner needs. They can also be installed on slopes and be partially in-ground and partially above-ground.

“Radiant Pools is an excellent addition to Latham’s product portfolio since it complements our existing business and enables us to expand our addressable market,” said Scott Rajeski, President and Chief Executive Officer of Latham. “Radiant Pools primarily serves the Northeastern U.S., giving us the opportunity to roll its outstanding products across North America in partnership with Latham’s industry-leading dealer network. We are excited to welcome Radiant Pools to the Latham family and look forward to working with Tony Sirco, Radiant Pools’ prior owner, who will stay on as a partner and oversee its integration into Latham.”

“Radiant Pools pioneered the vinyl-lined, aluminum-walled swimming pools category with a premium quality product. Latham has been a long-standing partner of ours, and we share a dedication to providing superior products to dealers and homeowners,” said Tony Sirco, President of Radiant Pools. “As part of the Latham family, we believe that we can accelerate our strong growth, and we look forward to a bright future together.”

Radiant Pools generates approximately $35 million in annual sales. The acquisition was funded through a combination of Latham’s existing cash and incremental borrowing under the Company’s revolving credit facility, which was amended to provide for incremental term loans in an aggregate principal amount of $50 million. The acquisition is expected to have no material impact on Latham’s fiscal 2021 outlook.

About Latham Group, Inc.
Latham Group, Inc., headquartered in Latham, NY, is the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand. Latham has a coast-to-coast operations platform consisting of over 2,000 employees across 32 facilities.

About Radiant Pools
Headquartered in Albany, NY, Radiant Pools is the market leading manufacturer of vinyl liner aluminum swimming pools that can be built completely in-ground, semi-in-ground, or above ground. Radiant Pools products are sold directly to swimming pool dealers throughout North America.

Forward-looking Statements
Some of the statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are generally identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. These forward-looking statements reflect our views with respect to future events as of the date of this release and are based on our management’s current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to: secular shifts in consumer demand for swimming pools and spending on outdoor living spaces; slow pace of material conversion from concrete pools to fiberglass pools in the pool industry; general economic conditions and uncertainties affecting markets in which we operate and economic volatility that could adversely impact the Company’s business, including the COVID-19 pandemic; the Company’s ability to integrate Radiant Pools effectively and exposure to unforeseen or undisclosed liabilities of Radiant Pools, the ability of the Company’s suppliers to continue to deliver the quantity or quality of materials sufficient to meet the Company’s needs to manufacture the Company’s products and other risks, uncertainties and factors described under the section titled “Risk Factors” in the registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the “SEC”) by the Company, as well as other filings that the Company will make, or has made, with the SEC, such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in other filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

Investor Contact:
Nicole Briguet
Edelman for Latham
latham@edelman.com

Media Contact:
Crista Leigh Wunsch
CristaLeighWunsch@lathampool.com