StoneTree Investment Partners Invests in Wilbar Group
StoneTree Investment Partners has completed a strategic investment in Wilbar Group, a North American manufacturer of aboveground swimming pools.
Private equity firm StoneTree Investment Partners has announced a strategic investment in Wilbar Group, which comprises Wilbar International, Trendium Pool Products, and Crystal Water Investments.
Headquartered in Hauppauge, New York, Wilbar Group designs and manufactures aboveground and semi-inground swimming pools. The company also operates facilities in LaSalle and Longueuil, Quebec, Canada. Founded in 1961, Wilbar Group offers steel, resin, hybrid, and aluminum pool systems through a portfolio of brands.
Wilbar Group CEO Kelly Grindle expressed enthusiasm for the partnership. "StoneTree's industrial focus and hands-on approach align closely with Wilbar Group's culture and long-term vision," Grindle stated. He anticipates StoneTree's experience will aid the company in further investments in its people, brands, and operations.
StoneTree partners Joel Stanwood and Chris Dupré highlighted Wilbar Group's industry standing and growth prospects. "Wilbar Group's North American production footprint and portfolio of leading aboveground pool brands create a highly defensible position in both the Canadian and U.S. markets," Dupré said.
Terms of the transaction were not disclosed. Capstone Partners advised Wilbar Group, while McGuire Woods and Stikeman Elliott served as legal counsel to StoneTree.