PHOENIX, Nov. 2, 2020 /PRNewswire/ — Leslie’s, Inc. (“Leslie’s”), the largest and most trusted direct-to-consumer brand in the U.S. pool and spa care industry, today announced the closing of its initial public offering of 46,000,000 shares of common stock. The offering consisted of 30,000,000 shares of common stock issued and sold by Leslie’s and 16,000,000 shares of common stock sold by a parent entity of Leslie’s (the “Selling Stockholder”) controlled by L Catterton and GIC. The secondary shares included 6,000,000 shares sold following the exercise in full of the underwriters’ over-allotment option. All of the shares were sold at an offering price of $17.00 per share. Leslie’s did not receive any of the proceeds from the sale of shares offered by the Selling Stockholder. The common stock began trading on the Nasdaq Global Select Market under the ticker symbol “LESL” on October 29, 2020.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and BofA Securities acted as joint lead book-running managers for the offering. Jefferies and Nomura also served as bookrunners for the offering and Baird, Guggenheim Securities, Piper Sandler, William Blair, Telsey Advisory Group, Loop Capital Markets, Ramirez & Co., Inc., and AmeriVet Securities served as co-managers.
A registration statement relating to this offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on October 28, 2020. The offering was made only by means of a prospectus, which was filed with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus relating to this offering may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by email at firstname.lastname@example.org, or by telephone at (866) 471-2526; Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by email at email@example.com; or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, attention: Prospectus Department, or via email: firstname.lastname@example.org.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Founded in 1963, Leslie’s is the largest direct-to-consumer brand in the U.S. pool and spa care industry, serving residential, professional, and commercial consumers. Leslie’s markets its products through more than 900 physical locations and multiple digital platforms. The company employs more than 5,000 associates, pool and spa care experts, and experienced service technicians who are passionate about empowering consumers with the knowledge, products, and solutions necessary to confidently maintain and enjoy their pools and spas.
Forward Looking Statements
This press release contains forward looking statements, including statements regarding the initial public offering. These statements are not historical facts but rather are based on Leslie’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward looking statements as a result of a number of factors, including those in Leslie’s registration statement filed with the Securities and Exchange Commission.
Farah Soi/Caitlin Churchill
Robert Rendine/Jenny Gore/David Isaacs
Sard Verbinnen & Co
SOURCE Leslie’s, Inc.
RIVERBEND SANDLER ANNOUNCES ACQUISITION OF CRYSTAL CLEAR CUSTOM POOLS
Plano, TX. (August 10, 2021) – Riverbend Sandler Pools (“Riverbend”), the leading residential pool construction, service, and maintenance provider in the Dallas – Ft. Worth metroplex, and a portfolio company of Concentric Equity Partners (“CEP”), announced the acquisition of Crystal Clear Custom Pools (“Crystal Clear” or the “Company”), a Midlothian, TX-based provider of residential swimming pool service, maintenance, repair, and renovation services. Riverbend has acquired Crystal Clear from longtime owner and leader Tom Sheehy, a multi-decade operator and leader in the pool industry, who will remain with the Company in his current leadership role and join the service and maintenance leadership team at Riverbend.
Crystal Clear is a trusted residential pool service provider serving customers across 19 cities in three counties in the southern DFW metroplex. Founded more than 20 years ago by Tom Sheehy, Crystal Clear emphasizes finding, training, and utilizing the best talent to deliver a top customer experience. All Crystal Clear technicians and employees will continue in their current roles with the Company. Crystal Clear represents an ideal partnership for Riverbend Sandler as a part of the platform’s aggressive organic and acquisition growth goals within the DFW metroplex and throughout the state of Texas.
“I wasn’t looking to sell my company and was admittedly apprehensive at first after hearing about some other founders’ mixed feelings following an exit.” said Tom Sheehy. “However, the entire Riverbend team quickly put my fears to rest and were great to work with throughout the process. I want to see my legacy thrive and have my employees continue to call their jobs home, and this partnership with Riverbend Sandler will provide benefits to my employees that I wouldn’t be able to provide in the near future.”
“Tom Sheehy’s knowledge and experience across the pool industry will be invaluable to the growth of the Riverbend Sandler platform overall and specifically our service and maintenance businesses” said Riverbend Sandler CEO Bruce Mungiguerra. “I’m thrilled to add Tom to our team and believe he will be a big driver of value for our business moving forward”.
“Crystal Clear has a well-known reputation in the Dallas pool market for service, quality, and
commitment to technician training” said Charles Barnes, Founder and Chairman of Riverbend Sandler. “Our businesses will both greatly benefit from shared insights, and our overall platform customer experience and service delivery will further advance”.
Adam Lucas of CEP adds: “Tom Sheehy is a true entrepreneur and leader who has developed an
impressive organic growth engine for Crystal Clear that will be invaluable for our platform moving forward. This represents our first pool service company acquisition and demonstrates our commitment to an aggressive growth strategy through acquisitions”.
About Crystal Clear Custom Pools:
Headquartered in Midlothian, TX, and serving the southern parts of the DFW Metroplex, Crystal Clear is a leading residential pool service and renovation company. Founded in 2002 by Tom Sheehy Crystal Clear has differentiated itself in the market by its dedication to its customers and focus on providing the most skilled and highly trained technicians in the market.
For more information on Crystal Clear, visit www.cccpools.com
Deckorators® Invests in Contractor Program with JobTread Partnership
Business Management Platform Supports Contractors
GRAND RAPIDS, Mich., July 27, 2022 – Deckorators®, a leading brand of UFP Industries, Inc. (Nasdaq: UFPI), has partnered with JobTread Software to provide their contractor program best-in-class business management support. This partnership demonstrates Deckorators’ continued commitment to supporting and growing its team of Certified Pros.
With JobTread, Certified Pros will gain seamless access to Deckorators’ full product catalog along with pre-configured best practices, templates, and industry-leading project management tools designed for, and by, deck builders.
Deckorators selected key brand ambassadors to collaborate with JobTread to optimize the management of a deck building business. These insights make the platform uniquely tailored to the outdoor living and deck building markets which rely heavily on economic forecasting and agile responsiveness for success.
“Our goal is to develop a world-class program to help our Deckorators Certified Pros grow their business,” said Nick Larr, Deckorators National Contractor Development Manager. “Job Tread’s product is an end-to-end business management software complete with estimating, job costing, invoicing, scheduling, and a CRM that fits perfectly with our goals for the contractor program.”
Supported by a culture of partnership and family, Deckorators has a growing roster of Certified Pros across the U.S. and Canada. The program features detailed training, workshops, lead generation, marketing collaboration, and Certified Pro Spotlights that live on the Deckorators website.
Deckorators Certified Pros can:
- Gain access to Deckorators’ product catalog and proven project management templates
- Increase sales with more professional proposals and faster response times
- Upsell additional products by providing customers with optional selections and upgrades
- Accurately price jobs and manage costs to enhance profit margins
- Deliver improved customer experiences through the use of a customer portal for communications, eSignatures, scheduling, online payments, and file and photo sharing
Deckorators Certified Pros receive a discount on their JobTread subscription[DG1] . For more information on the Deckorators Certified Pro contractor program, visit pro.deckorators.com and follow Deckorators on Pinterest, Facebook and Instagram. Contractors can sign up to become a Certified Pro at www.deckorators.com/certified.
Deckorators, the first name in decking, railing and accessories is a brand of UFP Retail Solutions, LLC, a UFP Industries company. Deckorators originated the low-maintenance aluminum balusters category with the Classic Series and has since led the industry with many new and innovative decking and railing products. Its approach to developing exciting and distinctive products allows both DIYers and builders to bring the personal creativity of interior design to outdoor living.
To learn more about Deckorators decking and railing accessories, visit www.deckorators.com or call 800-556-8449.
Follow Deckorators on Instagram: @Deckorators
UFP INDUSTRIES, INC. (NASDAQ: UFPI)
UFP Industries, Inc., formerly Universal Forest Products, is a holding company whose operating subsidiaries – UFP Industrial, UFP Construction and UFP Retail Solutions – manufacture, distribute and sell a wide variety of wood- and alternative material-based building and industrial products worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates throughout North America, Europe, Asia and Australia. For more about UFP Industries, go to www.ufpi.com.
ABOUT JOBTREAD SOFTWARE
JobTread provides end-to-end construction management software to help jobs based businesses more efficiently manage all of their processes, from pre-construction through to project completion. The platform offers a central location to manage jobs, teams, schedules, documents, photos, finances, customers, vendors, sub-contractors, and more all in one place. Its budget-first approach creates financial transparency at every stage of a project, mitigating risk and ensuring the project stays on time and on budget. Get organized, complete your projects on time, and increase your profits with JobTread.
To learn more about JobTread, visit www.JobTread.com or call 972-388-1001.
Bradford celebrates 40 years
Leland, NC. Bradford Products, a stainless steel pool and spa manufacturer, celebrates 40 years. A leader in the design and fabrication of luxury aquatic stainless steel products, Bradford specializes in the fabrication of stainless steel swimming pools, spas, water features and other custom vessels for both the residential and commercial markets. Their fully welded, world class vessels are featured in homes and commercial facilities across the U.S. and internationally. With over 170 employees and more than 200,000 sq ft of manufacturing space, Bradford has completed more than 10,000 installations worldwide.
Mike Brodeur, President of the company remembers “Bradford started out as an idea from my father, Dale Brodeur, Sr. In the late 70’s he visited a hotel in California that had a wine barrel hot tub and he loved it.” He went back home to Connecticut and attempted to purchase one, but there was nothing similar on the market, so he decided to build one himself. At the time, he owned a metal fabrication company. He sat down with an engineer and designed a stainless-steel tub that he then built in his backyard. “At the time my folks loved to entertain, and they often had many people at the house. Their friends all loved it and asked how they could get one.” Brodeur says. The idea he put into fruition quickly became a lightbulb moment. Dale Sr. made some spas for friends, and it started to gain momentum through word of mouth. “At that point my father knew he had a good idea and so he started Bradford Products.”
It has been 40 years since the first Bradford spa was built. Since then, the family-owned company has evolved into a major leader in the aquatics industry and are continuously adding to their expansive product line. Bradford’s fully welded, self-supported, prefabricated vessels are the ideal solution for rooftop or elevated aquatics. The leakproof nature of stainless steel combined with the impressive strength-to-weight ratio of Bradford’s vessels make them the safest choice for high-risk environments where pool failure would be detrimental.
Bradford has a major presence in the commercial aquatics industry with significant projects in Las Vegas, New York, Miami and abroad. Their exponential growth and success in the commercial aquatic industry has also been echoed in the residential market. The MPool, released in late 2021, is Bradford’s first fully welded stainless steel pool designed specifically for in-ground, residential use. Available in five lengths, and two edge styles, the pool features full-width entry stairs and a choice of a full-width sun shelf, bench seat or open end for the opposing side. The Bradford Signature Series Spa collection was also designed with residential clients in mind. Equipped to be installed in ground, partially recessed or on grade, the spas provide flexibility for homeowners to incorporate it into their unique landscape.
Bradford’s presence in the industry is constantly expanding, with new projects around the world and new products launching in various sectors. Their two fabrication facilities total over 200,000sqft in Wilmington, NC and neighboring Leland, NC. They have the capacity to prefabricate multiple, large-scale projects while their highly mobile workforce is simultaneously able to complete onsite installations across the United States and abroad.
About Bradford Since 1982, Bradford has been the leader in the design and fabrication of luxury aquatic stainless steel products. Specializing in swimming pools, spas, water features and other custom vessels for both the residential and commercial markets. From concept to creation, Bradford’s highly skilled work force has designed and completed projects on a global scale. The fully welded world class vessels are featured in homes and commercial facilities across the U.S. and internationally. With decades of experience in conceptual design, engineering, manufacturing, and installation, Bradford Is at the forefront of innovation in the field of stainless-steel aquatic design.
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