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”.

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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