AquaCentral To Join Heritage Pool Supply Group
Heritage Pool Supply Group, a rapidly growing platform within the SRS Distribution family, acquires AquaCentral, the U.S. second-largest pool equipment and supply distributor.
Tenex Capital announced the sale of AquaCentral, the second-largest pool equipment and supply distributor in the United States, to Heritage Pool Supply Group, a platform inside SRS Distribution, a portfolio company of Leonard Green & Partners, L.P. as well as Berkshire Partners.
Tenex Capital Management was advised by Willkie Farr & Gallagher on the transaction.
Tenex and the other AquaCentral shareholders will get a minority stock position in SRS Distribution as part of the acquisition, in addition to the current ownership group.
Tenex Capital Management is a private equity firm that focuses on middle-market businesses.
Tenex has invested successfully in a variety of industries, including industrials, manufacturing, automotive aftermarket, and health and business services.
Willkie’s team includes associates Annie Heiss, Thomas Merante, and Elizabeth Lebens, as well as partners Matthew Rizzo and Eric Halperin.