Lewisville-based Gold Medal Pools has acquired Keller-based Klapprodt Pools, marking the fourth acquisition by Gold Medal in the past 120 days since it partnered with Tenex Capital Management, solidifying its position as a leading consolidator in the U.S. pool industry.
“We’re deeply committed to delivering substantial value and efficiencies to homeowners and pool company owners as we expand our footprint in the area,” Josh Sandler, CEO of Gold Medal Pools, said in a statement. “Klapprodt Pools and Gold Medal Pools share the same core values of taking care of clients and employees, making this acquisition a natural fit, and we fully intend to maintain the Klapprodt name.”
Gold Medal said the Klapprodt acquisition is a significant milestone in its long-term growth plan, which provides substantial resources to pool company owners seeking growth, funding, or an exit strategy. No financial terms were disclosed.
That long-term plan leverages the company’s operational platform, career path development for employees, and a robust supply chain to make pool ownership and maintenance virtually hassle free, Gold Medal said.
According to Allied Market Research, the global swimming pool market was valued at $21.52 billion in 2020 and is projected to grow at a CAGR of 6.33% between 2021 and 2028, reaching an estimated value of $36.70 billion by 2028.
“Our team is thrilled to join the Gold Medal Pools family,” Jeremy Klapprodt, co-owner at Klapprodt Pools, said in a statement. “This strategic acquisition not only strengthens our position in the market but also enables us to offer efficiencies to our valued customers in Tarrant County.”
Gold Medal said that customers and team members of both Gold Medal and Klapprodt Pools can expect a seamless transition, with a continued focus on delivering top-notch service and quality. Gold Medal said the acquisition underscores both organizations’ dedication to being at the forefront of the industry, consistently raising the bar for craftsmanship and customer satisfaction.
“Like Gold Medal, we are deeply committed to excellence in pool maintenance, construction, and remodeling. This merger aligns perfectly with our mission,” Josh Klapprodt, co-owner of Klapprodt Pools, said in a statement.
Gold Medal Pools said it represents more than five decades of professional experience and employs more than 200 team members. Founded by the late Fred Klapprodt in 1987, Klapprodt Pools is a family-owned business with over three decades of experience. It has grown steadily, expanding its services to include pool construction and maintenance.
Tenex Capital Management is a private equity firm that invests in middle market companies.
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