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Pentair Acquires Pleatco for $255M in Cash

Align Capital Partners announced the sale of Pleatco Filtration to Pentair Plc in a $255M cash deal.

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Pentair Acquires Pleatco for $225M in cash

Pentair plc (NYSE: PNR), a leading provider of water treatment and sustainable solutions, today announced that it has entered into a definitive agreement to acquire Pleatco, a manufacturer of water filtration and clean air technologies for pool, spa and industrial air customers. Pleatco is a current portfolio company of Align Capital Partners, a private equity firm with investment teams in Dallas, TX and Cleveland, OH.

The planned acquisition of Pleatco provides Pentair an expanded range of replacement filter products to be sold through Pentair’s existing Pool and Spa distribution channels as well as through Pleatco’s distribution channels.

“We are excited to expand our presence in the aftermarket filtration space with an enhanced product offering that advances our objective to offer an effortless pool experience for consumers,” said John Stauch, Pentair President and CEO.

The planned acquisition also expands Pentair’s Industrial Filtration portfolio, with complementary air filtration products to serve the needs of its industrial customers.

“We look forward to welcoming the Pleatco employees to Pentair and to growing the relationship with Pleatco’s existing customer base,” continued Stauch. “The planned combination will provide Pleatco entry to Pentair’s global distribution and sales channels, and deliver increased production capacity and utilization, as well as build on Pleatco’s track record of product innovation.”

Total consideration for the transaction is approximately $255 million in cash, subject to customary adjustments. Pentair expects Pleatco to generate approximately $95 million of annual revenue in 2021. The transaction is expected to be accretive in its first full year.

The acquisition is anticipated to be completed in the fourth quarter, subject to customary closing conditions and necessary regulatory approvals, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

ABOUT PENTAIR PLC

Pentair makes the most of life’s essential resources. From our residential and business solutions that help people move, improve and enjoy their water, to our sustainable innovations and applications, we deliver smart, sustainable solutions for life.

Pentair had revenue in 2020 of $3 billion, and trades under the ticker symbol PNR. With approximately 9,750 global employees serving customers in more than 150 countries, we work to help improve lives and the environment around the world. To learn more, visit pentair.com.

ABOUT PLEATCO FILTRATION

Pleatco is a leading designer and manufacturer of aftermarket pleated filter cartridges, pleated bags, and other filtration products for the industrial air and pool / spa markets across USA and Europe. Pleatco Filtration brings together the combined forces of former brands APEL, Milton, and TVS and incorporates stand-alone brands Guardian Filtration, EFI and ECO Filtration under the one umbrella, leveraging collective engineering, manufacturing, and logistics resources to deliver best-in-class products backed by industry leading sales, marketing, and customer service teams. For more information, visit pleatco.com.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This release contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements made about the anticipated acquisition, including the anticipated time for completing the transaction, the expected financial results of the acquired business and the anticipated benefits of the acquisition, are forward-looking statements subject to risks and uncertainties, such as the company’s ability to satisfy closing conditions, integrate the acquisition successfully, and retain customers and employees of the acquired business; the impact, duration and severity of the COVID-19 pandemic, virus variants and vaccination rates, including actions that may be taken by us, other businesses and governments to address or otherwise mitigate the impact of the COVID-19 pandemic and the negative impacts of the COVID-19 pandemic on the global economy; overall global economic and business conditions; supply, demand, logistics, competition and pricing pressures related to and in markets we serve; failure of markets to accept new product introductions and enhancements; the impact of raw material costs, labor costs and other inflation; the impact of seasonality of sales and weather conditions; our ability to comply with laws and regulations and the impact of changes in laws, regulations and administrative policy, as well as other risk factors contained in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020. All forward-looking statements speak only as of the date of this release. Pentair plc assumes no obligation, and disclaims any obligation, to update the information contained in this release.

Contacts

Jim Lucas
Senior Vice President, Treasurer, FP&A and Investor Relations
Tel: 763-656-5575
Email: jim.lucas@pentair.com

Rebecca Osborn
Senior Manager, External Communications
Tel: 763-656-5589
Email: rebecca.osborn@pentair.com

Marianne Trusty is a Press Correspondent for the pool & spa industry. A published author and social media influencer reaching over 20 million people around the world each day. Contact Marianne about publishing op-editorials, breaking pool news and press releases at mtrusty@poolmagazine.com.

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Pool News

PHTA Reveals The 2021 International Awards of Excellence Winners

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Pool & Hot Tub Alliance 2021 - International Awards of Excellence

(Alexandria, Va.) – The Pool & Hot Tub Alliance (PHTA) is proud to announce this year’s winners of the PHTA Awards of Excellence. PHTA’s International Awards of Excellence program is one of the largest, most well-renowned design competitions in the pool and hot tub industry. These distinguished awards recognize exceptional installations of pools, spas, hot tubs, and water features that showcase the most beautiful, creative, and innovative work in the industry. Each year, hundreds of entries are submitted by builders across the U.S. and the world.

The PHTA Awards of Excellence competition is open to PHTA members who are pool, spa, or hot tub builders as well as installers, designers, retailers, or service companies that receive payment for the submitted project. The judging panel is comprised of industry professionals along with representatives from related fields, including architecture and landscape design.

The award categories were updated this year to better encompass the wide variety of pools, spas, hot tubs, and water features being designed.

See below for the list of 2021 PHTA International Award of Excellence Winners:

GOLDCATEGORY
Aquatic Leisure Technologies, Perth, AustraliaFiberglass Pools
Cascade Custom Pools, Austin, TXSwim Spas
Cascade Custom Pools, Austin, TXElevated Pool and/or Spa Structure
Claffey Pools, Southlake, TXTraditional
Claffey Pools, Southlake, TXPools with Automatic Covers
Claffey Pools, Southlake, TXTraditional
Claffey Pools, Southlake, TXTraditional
Claffey Pools, Southlake, TXGeometric
Cosgrove Custom Pools Inc., Rocklin, CAPools with a Vanishing Edge
DIFFAZUR PISCINES, Saint-Laurent-du-Var, FranceTechnical/Engineering Achievement
DIFFAZUR PISCINES, Saint-Laurent-du-Var, FranceSpas Built in Conjunction with Swimming Pools
DIFFAZUR PISCINES, Saint-Laurent-du-Var, FranceRecreation/Leisure Pools
DIFFAZUR PISCINES, Saint-Laurent-du-Var, FranceRecreation/Leisure Pools
DIFFAZUR PISCINES, Saint-Laurent-du-Var, FranceRecreation/Leisure Pools
High-Tech Pools Inc., North Olmsted, OHCompetition Pools
lke’s Carter Pools, Oakland Park, FLPool Renovations
lke’s Carter Pools, Oakland Park, FLGeometric
J&M Pool Company, Senoia, GAVinyl-Lined Pools
Platinum Pools, Houston, TXPools with a Vanishing Edge
Shasta Pools, Phoenix, AZCommercial Water Features
Sunfish Pools, Jacksboro, TXFreeform
Texas Pools Inc, The Woodlands, TXGeometric
Tipton Spires Design Build, Houston, TXGeometric
Van Kirk Pools, Deerfield Beach, FLPools with a Vanishing Edge
Van Kirk Pools, Deerfield Beach, FLGeometric

SILVERCATEGORY
Acuarium Piscinas & Spas, Miami, FLRecreation/Leisure Pools
Aquatic Leisure Technologies, Perth, AustraliaFiberglass Pools
Claffey Pools, Southlake, TXRecreation/Leisure Pools
Claffey Pools, Southlake, TXTraditional
Claffey Pools, Southlake, TXPools with a Vanishing Edge
Claffey Pools, Southlake, TXTraditional
Cody Pools, Inc., Georgetown, TXGeometric
DIFFAZUR PISCINES, Saint-Laurent-du-Var, FranceTraditional
DIFFAZUR PISCINES, Saint-Laurent-du-Var, FrancePool Renovations
DIFFAZUR PISCINES, Saint-Laurent-du-Var, FranceSpas Built in Conjunction with Swimming Pools
High-Tech Pools Inc., North Olmsted, OHElevated Pool and/or Spa Structure
lke’s Carter Pools, Oakland Park, FLTechnical/Engineering Achievement
Lido Pools, Keswick, CanadaVinyl-Lined Pools
Platinum Pools, Houston, TXGeometric
Platinum Pools, Houston, TXPools with a Vanishing Edge
Southernwind Pools, Mckinney, TXFreeform
Southernwind Pools, Mckinney, TXGeometric

BRONZECATEGORY
Claffey Pools, Southlake, TXTraditional
D. Clugston, Inc., Apex, NCRecreation/Leisure Pools
D. Clugston, Inc., Apex, NCRecreation/Leisure Pools
DIFFAZUR PISCINES, Saint-Laurent-du-Var, FranceTechnical/Engineering Achievement
Easton Pool & Spa, Inc., Easton, MAFreeform
lke’s Carter Pools, Oakland Park, FLPool Renovations
J&M Pool Company, Senoia, GAVinyl-Lined Pools
Paragon Pools, Las Vegas, NVSpas Built in Conjunction with Swimming Pools
River Pools of Central Virginia, Warsaw, VAFiberglass Pools
Russell Pool Company , Baton Rouge, LATraditional
Texas Pools Inc, The Woodlands, TXGeometric
Van Kirk & Sons Pools & Spas , Deerfield Beach, FLPools with a Vanishing Edge
Vue Custom Pools, Greensboro, NCTraditional

MERITCATEGORY
Almar Jackson Pools, Inc., Jupiter, FLTraditional
Aquatic Leisure Technologies, Perth, AustraliaFiberglass Pools
Claffey Pools, Southlake, TXTraditional
DIFFAZUR PISCINES, Saint-Laurent-du-Var, FranceTechnical/Engineering Achievement
DIFFAZUR PISCINES, Saint-Laurent-du-Var, FranceFreeform
Platinum Pools, Houston, TXTraditional
Superior Pools of Southwest Florida inc., Port Charlotte, FLPool Renovations
Superior Pools of Southwest Florida inc., Port Charlotte, FLSpas Built in Conjunction with Swimming Pools
Van Kirk & Sons Pools & Spas, Deerfield Beach, FLPools with a Vanishing Edge

“We were amazed by this year’s submissions. It is truly incredible to see the passion, creativity, and innovation happening in our industry,” says Sabeena Hickman, CAE, President and CEO of PHTA. “We received 185 stunning submissions across 20 categories. The judging panel did tremendous work in narrowing down the finalists and selecting the winners. We are proud of all of our 2021 winners!”

For more information, please contact Janay Rickwalder, PHTA’s Vice President of PR and Communications, 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.

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Pool News

Aqua Dome Thermal Pool

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Aqua Dome Thermal Pool

Have you ever thought about going for a spa break? Spas are increasingly becoming popular among a wide range of individuals. Not only do spas offer a wide range of health benefits, but they also add a whole new charm to your backyard space. As a result, pool owners are adding spas to increase the functionality of their pools. One of the best spas you’ll ever visit is the Aqua Dome Tirol Therme Längenfeld. Located in the Austrian Alps, this thermal pool provides you with an exceptional vacation experience.

Aqua Dome Thermal Pool

Exceptional views offered by the thermal pool

A breathtaking landscape encompasses this spectacular thermal spa. Also, it has a luxury hotel that offers first-class accommodation services. The landscape consists of vegetation, glaciers, and mountains. Here, you can sit and unwind after a grueling day. This luxurious hotel also offers fine dining for all guests. There is a broad spectrum of the menus provided by the hotel. Moreover, the hotel features enormous domes that contain thermal water.

The Aqua Dome thermal spa is at the heart of a mind-blowing landscape that offers a serene ambiance. If you are looking for a short getaway to unwind and destress, consider visiting this place. Since the temperatures are relatively low in the area, the thermal spa contains heated water that allows you to swim comfortably at any time of the year.

The Talfrische outdoor spa

Another thermal spa in the hotel is the Talfrische outdoor spa. This spa offers exceptional views. The landscape encompassing the spa creates a tranquil ambiance that allows you to get away from the hustle and bustle of everyday life. This spa features three bowl-shaped pools for improved aesthetics. One pool is a brine pool that brings a natural and sea-like effect to the pool. The brine pool has a sound system that enables swimmers to stay entertained even while in the water. The lighting effects of this outdoor spa make it look like a glowing oasis at night. Not to mention, the pool lighting improves swimming visibility at night.

The other pool is a massage pool. Here, you can sit and relax as you enjoy the movement of water across your body. The massage pool is ideal for people suffering from joint and muscle pain since it provides relief. Moreover, the massage pool helps you destress and unwind after a grueling day. The last pool is a jacuzzi pool. The jacuzzi pool is often used for relaxation and entertainment.

Gletscherglühen sauna world

The Aqua dome thermal pool also serves as home to the Gletscherglühen sauna world. This spa is enormous since it measures 2000 square meters. It features a broad spectrum of saunas, whirlpools, and steam baths. The sauna world also holds an ice grotto. The Gletscherglühen sauna world undoubtedly offers incredible views in the area. It significantly improves the aesthetics of the area. Also, the saunas and steam baths in the Gletscherglühen sauna world allow you to relax after a long day.

The Aqua Dome Hotel

The Aqua dome hotel is luxuriously furnished with high-end furniture and equipment. This is to offer tranquility and make the area more inviting. The furnishings in the area are also functional. Note that both indoor and outdoor spaces in the hotel have exceptional furnishing. Other than enjoying breathtaking views while in the pool, you can enjoy the beauty in your hotel room. So, how much does it cost to sleep at the Aqua Dome hotel? According to Trip Advisor, expect to spend approximately $365 per night when you sleep at the Aqua Dome hotel. Needless to say, these prices vary depending on the seasons. During the swimming pool peak season, the prices tend to be higher.

Each room in the hotel has its own balcony

Here, guests are able to enjoy the outdoor views for their own pleasure. Every room offers panoramic views of the landscape and spas. Thus, rest assured that you will enjoy your stay at the hotel to the fullest. Once you pay for a night or two at the hotel, you automatically access the spa. So, you can enjoy the spa at any time of the day.

There are different rooms in the hotel

Some are standard rooms, and others are suits. Usually, suites are larger and have their own fireplace. If you are coming to stay in the hotel with your family, suites are the best. They can accommodate more people. Even so, suits are relatively more expensive compared to alpine rooms. When you are a guest at the hotel, rest assured you will enjoy numerous pampering sessions from the spas and saunas. Ultimately, the best thing about this hotel is that you’ll never get bored during your stay. There is a broad spectrum of spa and pool facilities for you and your loved ones. Not to mention, the breathtaking views in this area will blow your mind.

The thermal spa and pools source their water underground. When pumped, the water reaches a temperature of 40 degrees Celsius.

Ultimately

This Aqua Dome thermal pool is undoubtedly a must-visit. Here, you can get away from your busy schedule and relax as you enjoy exceptional views.

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Pool News

Child Dies From Brain-Eating Amoeba in Splash Pad

Tarrant County Public Health says Naegleria fowleri likely cause of death

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Child Dies From Brain Eating Amoeba Found in Splash Pad

Officials confirmed on Monday that a child in Texas died earlier this month after contracting a rare and often fatal brain-eating amoeba at a public splash park located in Arlington.

According to a joint news statement from Tarrant County Public Health and the City of Arlington, the boy was hospitalized on September 5 with primary amoebic meningoencephalitis, an uncommon and often fatal condition caused by an amoeba called Naegleria fowleri. The child passed away on September 11th. According to the news release, no more information about the youngster was published in order to preserve their identity.

What is Naegleria fowleri?

According to the Centers for Disease Control and Prevention, Naegleria fowleri is typically found in soil and fresh warm water such as lakes, rivers, and hot springs (CDC). It can also be found in unchlorinated or poorly maintained pools.

According to the CDC, the organism infects people when water carrying the amoeba enters the body through the nose. According to the CDC, the Naegleria fowleri amoeba then travels up the nose to the brain, where it damages brain tissue.

Brain eating amoeba Naegleria fowleri responsible for death of boy in Texas

Water Samples Uncover The Truth

Water samples from the splash pad were collected by city officials and sent to the CDC for additional examination. Thirteen days later, on September 24, the CDC confirmed the existence of the amoeba in the water tests and stated that the splash pad was most likely the source of the child’s exposure.

Arlington officials said the splash pad was closed on Sept. 5 after being notified of the child’s illness and will stay closed for the rest of the year “out of an abundance of caution.” All other public splash pads in the area were similarly closed for the rest of the year.

Records from two of the four splash pads — at Don Misenhimer Park and the Beacon Recreation Center — show that Parks and Recreation employees did not consistently record, or in some cases did not conduct, the water quality testing that is required prior to the facilities opening each day, according to city officials.

A examination of inspection logs at the Don Misenhimer splash pad revealed that water chlorination levels were not logged on two of the three times the youngster was there in late August and early September, according to city officials.

Arlington’s drinking water supply was not compromised, according to city authorities, and the splash pad is fitted with a backflow prevention device designed to isolate its water from the city’s water distribution system.

“We have identified gaps in our daily inspection program,” Deputy City Manager Lemuel Randolph told new sources. “Those gaps resulted in us not meeting our maintenance standards at our splash pads. All of the splash pads will remain closed until we have assurance that our systems are operating as they should, and we have confirmed a maintenance protocol consistent with city, county and state standards.”

Not the first occurrence of Brain-Eating Amoeba

The year before, a 6-year-old boy in Lake Jackson, Texas, ended up dying after he contracted the brain-eating amoeba identified in the water of a splash fountain where he had been playing. A 10-year-old Texas child died in 2019 after fighting a brain-eating amoeba for more than a week. She most likely caught it while swimming in the Brazos River and Lake Whitney near Waco, according to officials.

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