Connect with us

Pool News

Riverbend Sandler Pools Announces Acquisition Of Pulliam Pools

Published

on

Riverbend Sandler Pools Acquires Pulliam Pools

PLANO, Texas, Nov. 29, 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 Pulliam Pool Builders Inc. and Pulliam Services Inc. (together “Pulliam” or the “Company”), a Ft. Worth, TX-based provider of pool construction, remodeling, and repair services. Riverbend will be acquiring Pulliam from President, Owner, and long-term pool industry veteran Debra Smith, who will remain with the Company for an intermediate period and subsequently transition to a strategic consulting role for the platform.

Pullam Pools is a leading residential pool construction brand in the western DFW market and a PSN Top 50 Builder for nineteen consecutive years. Pulliam was founded in 1916 as a family construction business and was one of the first pool construction companies in the U.S. After three generations of family ownership, the Company was purchased by President Debra Smith and a partner in 2009; Debra assumed full ownership in 2020. Debra originally joined Pulliam in 1992 and has continued to grow the business and its strong reputation for quality over a 29-year journey. Riverbend plans to maintain the legacy and well-respected Pulliam brand name and retain all Pulliam employees.

Aqua Blue Mosaics Aqua Blue Mosaics Aqua Blu Mosaics Pool Tile Mosaics Tile Grout Hardscapes & Pavers Outdoor Living Accessories
Pool Service Software

“Pulliam has flourished under Debra’s leadership and grown to become one of the largest pool builders in DFW,” said Charles Barnes, Founder and Chairman of Riverbend Sandler. “Debra has built an impressive company with a trusted and recognized brand name, and we’re honored to carry her legacy forward”.

“My primary focus in this process was finding a partner like Riverbend Sandler that would continue to build on the success and trust of the Pulliam name,” said Debra Smith. “We thoroughly enjoyed working with the Riverbend Sandler and CEP teams and are excited by their plans to aggressively invest to grow the business and continue providing opportunities for our employees.”

“Pulliam differentiates and has enjoyed strong success through a relentless focus on serving its customers and employees,” said Riverbend Sandler CEO Bruce Mungiguerra. “We’re excited to continue building the Pulliam name and see tremendous opportunity in combining these two great businesses”.

Adam Lucas, Vice President at CEP, adds: “We have tremendous respect for what Debra has built over many years and the success she has achieved with Pulliam”. “We’re honored she chose us to lead the Pulliam platform forward and excited to partner with her leadership team”.

About Pulliam Pools:
Headquartered in Ft. Worth, TX, and serving the western half of the DFW Metroplex, Pulliam is a premier provider of residential pool construction, renovation, and repair services. Founded in 1916, Pulliam is one of the first and oldest pool construction companies in the U.S. and is a recognized leader for quality and custom design in the industry. Pulliam is the continuation of a family construction business and was purchased by industry veteran Debra Smith in 2009 after three generations of family ownership.

Aqua Blue Mosaics Aqua Blue Mosaics Aqua Blu Mosaics Pool Tile Mosaics Tile Grout Hardscapes & Pavers Outdoor Living Accessories

For more information on Pulliam, visit www.pulliam.com.

About Riverbend Sandler Pools:
Headquartered in Plano, TX, Riverbend Sandler is the leading residential pool construction, service, and maintenance provider in Dallas Fort 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 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 is a private investment firm that partners with leading middle market companies by providing capital and strategic advisory to accelerate long-term value creation. Concentric’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.

Concentric Equity Partners 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.

5/5 - (1 vote)

Pool News coverage brought to you by Pool Magazine's own Marcus Packer. Marcus Packer is a 20 year pool industry veteran pool builder and pool service technician. In addition to being a swimming pool professional, Marcus has been a writer and long time contributor for Newsweek Magazine's home improvement section and more recently for Florida Travel + Life. Have a story idea or tip you'd like to share with Pool Magazine? Email mpacker@poolmagazine.com your story idea.

Continue Reading
Click to comment


Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Pool News

Tesla Pool – Automaker Adds Swimming Pool To Charger Station

Published

on

Tesla Swimming Pool

One of the primary reasons consumers opt to purchase a Tesla is the robust availability of convenient charging stations. Recently, the automaker has experimented with adding amenities to its charging stations. New cube lounges at a Supercharger station in Germany come equipped with automated coffee, food, and more. Tesla is also adding other options and fun activities for drivers to enjoy while they wait for their vehicles to charge. The newest amenity they’re currently experimenting with is an above ground swimming pool.

A clip of the pool being installed prior to launch was shared with news sources.

Aqua Blue Mosaics Aqua Blue Mosaics Aqua Blu Mosaics Pool Tile Mosaics Tile Grout Hardscapes & Pavers Outdoor Living Accessories
Pool Service Software

The swimming pool can be used by up to 4 people at a time for 10 minutes, giving folks just enough time to change into their swim suits and enjoy a quick dip while their vehicle charges. There are even Tesla-branded beach balls to play with while they’re swimming in the shipping container style above ground pool.

This promotional popup will open at the Tesla charging station in Hilden, Germany; which incidentally is one of the largest in the country with 40 chargers and 8 superchargers. The pool will be open from Thursday until Sunday. Tesla owners can drop in for a swim from 2:00 p.m. until 7:00 p.m.

What do you think about this idea? Is this something you’d like to see in the United States? Sound off in the comments and let us know.

3/5 - (2 votes)

Aqua Blue Mosaics Aqua Blue Mosaics Aqua Blu Mosaics Pool Tile Mosaics Tile Grout Hardscapes & Pavers Outdoor Living Accessories

Continue Reading

Pool News

Pool Rental App Swimply Is The New Side Hustle For Homeowners

Published

on

Pool Rental App Swimply Is The New Side Hustle For Homeowners

Pool rental marketplace Swimply has created the ultimate side hustle for homeowners. Spending upwards of $100,000 to create the ultimate luxury outdoor living area is an investment some are willing to make. This is especially true if one can be confident they will recoup that investment quickly. Renting the pool to friends and neighbors is one smart way to do just that.

The Pool Rental Concept

Pool rentals are sweeping the nation and the innovative online marketplace Swimply is leading the charge. Described as “Airbnb of swimming pools,” Swimply debuted last year. According to the firm, there are over 20,000 swimming pools in all 50 states, as well as in Canada and Australia.

Aqua Blue Mosaics Aqua Blue Mosaics Aqua Blu Mosaics Pool Tile Mosaics Tile Grout Hardscapes & Pavers Outdoor Living Accessories
Pool Service Software

After recently raising $40M in funding from AirBnB and Lime co-founders last year, Swimply is poised for tremendous growth moving into 2023. The service has been rapidly gaining traction with consumers who are attracted by the ability to rent a swimming pool by the hour.

Renting a pool by the hour may can be very profitable. Swimply has created the marketplace for renting a pool.
Renting a pool by the hour may can be very profitable. Swimply has created the marketplace for renting a pool.

Swimply’s Business Model is Unique

In the sharing economy, Swimply, definitely deserves recognition for their offering. Providing a marketplace that allows buyers and sellers to connect and rent a pool is at the core of the company’s business plan. The model is simple, Swimply takes 15% of the booking fee from hosts and 10% from guests.

Swimply’s pool rental marketplace can be lucrative for hosts and may not be as weird as it sounds. As water recreational facilities were shut down by COVID in the last two years, Swimply has emerged to fill the vacuum. Consequently, the company has grown exponentially.

We spoke with Swimply Co-Founder and COO Asher Weinberger last year about the revolutionary new technology which is connecting homeowners with an open marketplace of consumers looking to rent a backyard for a few hours.

Listen to our conversation on the Pool Magazine podcast:

Aqua Blue Mosaics Aqua Blue Mosaics Aqua Blu Mosaics Pool Tile Mosaics Tile Grout Hardscapes & Pavers Outdoor Living Accessories

Pool Rental Marketplace Grew 5,000% During Covid

After a soft launch back in 2019, Weinberger quickly realized that the public was elated with their offering. “There was a tremendous amount of interest and at the time we could only meet 10 to 15% of the demand,” said Weinberger. “That helped set the stage for us because we learned a lot about what people wanted and how they were using the platform.”

“We caught huge tailwinds in light of Covid and grew roughly 5,000% year over year,” said Weinberger. Since then, Swimply’s marketplace has exploded with consumers searching for a safe recreational experience with friends and loved ones in an open outdoor setting. This has been true both on the guest side and the host side.

Homeowners Look To Monetize Their Pool

It appears that word has definitely begun to spread that renting your pool is a sweet new side hustle. One man in particular recently made the news after he reportedly netted $177,000 just by renting out his pool and backyard.

Jim Battan of West Linn, Oregon, told news sources, “I love to say that the pool has paid for itself and more. I built a man cave last year, and also credit that to my Swimply pool.”

Swimply As a Side Hustle

Being a Swimply host isn’t for everyone, according to Battan. The side hustle does require a fair amount of work on the part of the host. Maintaining the pool between guests involves much more than simply setting out fresh towels. His 26-foot by 18-foot pool and its accompanying pool house has cost him roughly $37,000 in maintenance over the last decade. On a typical week, Battan estimates that he and his wife Lisa spend approximately 12 to 14 hours cleaning and testing the water’s chemicals as well as managing all of their bookings.

“I love the income, but I generally caution people from it,” Battan told reporters. “Unless you’re retired or don’t have a day job, it takes a lot of time to learn about pool chemistry and management. It’s not good enough to just rely on a once-a-week service to come out look at your stuff. I look at my pool chemicals probably five to 10 times a day.”

Renting Your Pool By The Hour Can Be Profitable

It’s also important to note that Battan’s pool represents the best-case scenario. Currently, he’s Swimply’s top earner out of 25,000 pools in the U.S., Canada, and Australia. The average host earnings are between $10,000 to $20,000 per year.

Ned Gilardino is another top earner from Aurora, Colorado who is cashing in on the lucrative side hustle. Last year he rented his pool out roughly 500 times clearing close to $50,000 in the process.

“Not only has the extra money paid for the cost of maintaining the pool,” Gilardino told news sources, “it has actually brought in an entire new revenue stream for my family.”

Pool rentals vary by price and can be filtered to meet price, features, and amenities. - Photo Credit: Swimply
Pool rentals vary by price and can be filtered to meet price, features, and amenities. – Photo Credits: Swimply

Homeowners who are looking for MSI’s (multiple sources of income) can certainly put Swimply on their list of resources. Typically most swimming pools on the platform rent between $15 and $75 an hour. However, there appears to be no limit on how much hosts can earn. We’ve seen some pools in premium areas such as Beverly Hills rent for as much as $200 an hour. Those with luxury amenities in their backyard obviously can charge towards the higher end of the spectrum.

Guests can search for an ideal backyard in their price range to throw a pool party and even filter their search to show properties that have specific amenities. Finding a backyard with a fire pit, or an outdoor grilling area, or one that allows pets, is easy. Swimply made it simple to narrow down selections with the ideal features consumers are looking for.

The interface is simple and intuitive to use on both ends. Swimply also made it super easy for homeowners to track their reservations, communicate with guests and quickly get their pool rental up in their easy-to-use marketplace.

Swimply’s Contribution To The Shared Economy

Given that public pools are closing at an alarming rate, Swimply has also started filling a gap in underserved communities, much the way Uber and other sharing economy platforms have.

While the shared economy is a young concept itself; Swimply’s arrival simply ushers something we will undoubtedly see even more of in years to come. Though unexpected and a newcomer; one thing is certain, homeowners and consumers have embraced the concept of renting a pool by the hour.

4.6/5 - (17 votes)

Continue Reading

Pool News

Sinkhole in Swimming Pool Kills Man, Swallows Guests

Published

on

Sinkhole in Swimming Pool Kills Man, Swallows Guests

A man was found dead after being swallowed by a sinkhole that opened up in a private swimming pool. The incident transpired in Israel where authorities are still trying to figure out what caused two men to be swept away by the receding water after a sinkhole sprang up within an inground swimming pool at a private property in central Israel. One was recovered dead at the scene on Thursday afternoon.

The body was located by search crews in the town of Karmei Yosef after a four-hour recovery operation conducted by rescue personnel who were lowered deep underground. The search was hampered by concerns that tunnels extending from the sinkhole could lead to a second collapse.

Aqua Blue Mosaics Aqua Blue Mosaics Aqua Blu Mosaics Pool Tile Mosaics Tile Grout Hardscapes & Pavers Outdoor Living Accessories
Pool Service Software

It took rescuers several hours of searching before they were able to uncover the body of the man who had gone missing. The other 34-year-old man who had been trapped for some time, was saved and treated for minor injuries to his lower body.

Rescuers worked for hours to find the missing victims body. - Photo Credits: Fire and Rescue Services
Rescuers worked for hours to find the missing victims body. – Photo Credits: Fire and Rescue Services

Employees of a private company were having a pool party when the incident occurred. About 50 people were present at the time of the accident, according to one guest.

“The water level suddenly started receding and a hole opened up, creating a vortex that swept two people inside,” the guest told news sources.

She said a sinkhole opened a vortex formed which swallowed up the victim in a matter of seconds. She yelled at her coworkers to get out of the pool as the sinkhole emerged, but they initially assumed it was a game. Authorities say, fortunately, there were only 6 people in the pool at the time or injuries and casualties could have been far greater.

Aqua Blue Mosaics Aqua Blue Mosaics Aqua Blu Mosaics Pool Tile Mosaics Tile Grout Hardscapes & Pavers Outdoor Living Accessories

“Seconds later, the ground just dropped… I watched two people just disappear,” she added.

According to police, an investigtion into the incident is currently underway, and they plan to find out if the pool was operating with the proper license.

4/5 - (8 votes)

Continue Reading
Follow us on Google News
Sponsored Advertisement
Sponsored Advertisement
Sponsored Advertisement
Las Vegas Pool Equipment RepairsSponsored Advertisement
Sponsored Advertisement
Sponsored Advertisement
Sponsored Advertisement
PHTA Mentor Program - Get Matched With a Seasoned Industry LeaderSponsored Advertisement
Sponsored Advertisement
We Build Professionals - Genesis - The World Has Changed, And So Have We.Sponsored Advertisement
Pool Magazine App on Google PlayPool Magazine App on Apple Store

Download the NEW Pool Magazine App

Recent Pool News

Advertisement

Pool News

Pool Magazine™ is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn commissions by linking to Amazon.com and affiliated sites. Amazon.com, Inc. is not affiliated and does not endorse or support Pool Magazine.

Powered by
© Copyright 2020-2022 - All Rights Reserved - Use of this site constitutes acceptance of our Privacy Policy
Articles and content may not be reused without the expressed permission of Pool Magazine™.

0
Would love your thoughts, please comment.x
()
x