Riverbend Sandler Announces Acquisition of Pool Steward

Plano, TX. (February 28, 2023) – 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 Pool Steward (“Pool Steward” or the “Company”), a Dallas, TX-based provider of residential swimming pool service, maintenance, repair. Riverbend has acquired Pool Steward from owner and leader Tim Kaiser, a small business entrepreneur with a commercial real estate background.

Pool Steward has been providing residential pool service across the DFW metroplex for 20 years with an emphasis on finding, training, and utilizing the best talent to deliver a top customer experience. All Pool Steward technicians and employees will continue in their current roles with the Company. Pool Steward 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.

“As I considered the next chapter, I decided it was time to find a partner that could help us create something even greater than it is today,” said Tim Kaiser. “This new partnership will provide us with additional resources that offer the ability to further improve on the quality our customers expect and deserve. Riverbend Sandler has been a market leader for over 40 years and we are fortunate to join this wonderful organization”

“Pool Steward has a well-known reputation in the Dallas pool market for service, quality and commitment to technician training,” said Riverbend Sandler CEO Bruce Mungiguerra. “I’m thrilled to add Pool Steward to the Riverbend Sandler group of companies and believe it will be a big driver of value for our business moving forward”.

Adam Lucas of CEP adds: “Tim Kaiser is a true entrepreneur and leader who pushes his team to deliver an exceptional customer experience. This represents our third pool service company acquisition and demonstrates our commitment to an aggressive growth strategy through acquisitions”.

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About Pool Steward:
Headquartered in Addison, TX, and serving the central parts of the DFW Metroplex, Pool Steward is a leading residential pool service and repair company. With over 20 years maintaining residential pools in DFW, Pool Steward 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 Pool Steward, visit www.psdfw.com.

About Riverbend Sandler Pools:
Headquartered in Plano, TX, Riverbend Sandler is the leading residential pool construction, service, and maintenance provider in Dallas – Ft. Worth. The Company differentiates through its specialized and high-touch design process, commitment to quality craftsmanship and customer service, and established track record of success. The Company was founded by Charles Barnes in 1981 and has grown over a successful period of more than four decades to become one of the largest pool builders in the Southwest U.S. Riverbend Sandler’s guiding philosophy has always been: “Don’t cut corners. Take a little more time to build it right and never compromise quality craftsmanship.”

For more information on Riverbend Sandler, visit www.riverbendsandler.com.

About Concentric Equity Partners:
Concentric Equity Partners (“CEP”) is a private investment firm that partners with leading middle market companies by providing capital and strategic advisory to accelerate long term value creation. CEP’s approach is simple: support entrepreneurs and operators by providing the resources required to achieve extraordinary results. The firm’s investment team is made up of individuals with distinguished track records as operators and professional investors across a variety of growth oriented middle market companies.

CEP is the direct investing arm of Financial Investments Corporation, a private asset management firm and family office with over $2 billion in investment commitments under management. Financial Investments Corporation was founded in 1994 by father and daughter Harrison and Jennifer Steans and has been partnering with private companies for more than 25 years.

For more information on CEP, visit www.ficcep.com.