Retail Giant Leslie’s Poolmart is expanding its presence in the Lone Star State.
The Phoenix-based firm has acquired Warehouse Pools, which includes the operation of its 24 retail stores in south Texas. As part of the deal, Leslie’s also has taken over the warehouse and corporate offices of Ram Chemical and Supply, which manufactures swimming pool and spa chemicals. Financial terms of the transaction were not disclosed.
“We are thrilled to add the outstanding associates from Warehouse Pools, Inc. to the Leslie’s team,” said Larry Hayward, Leslie’s Chairman and CEO. “Through new store openings and acquisitions, Leslie’s is continuing to expand its mission of providing the best value and customer service in the swimming pool industry. We look forward to the combined teams delivering the utmost expertise and effective solutions for our customers in Houston and south Texas.”
Executives of Warehouse Pools also are excited about the transition.
“We’ve known Leslie’s for many years and respect that they, too, are committed to quality, value and outstanding customer service,” said John Andrews, president of Warehouse Pools in Katy, Texas. “I believe that our teams’ strengths will be complimentary to the combines businesses.”
With this purchase, Texas now is host to 171 Leslie’s locations, more than any other state in the U.S. The agreement also marks the retailer’s fourth acquisition in just over two years.
In early 2012, Leslie’s bought six retail outlets from the Phoenix construction firm Shasta Pools & Spas, a Pool & Spa News top builder. The year prior, the growing company grew its commercial assets with the acquisition of Phoenix-based Jasper’s Clear Water Pool Wholesale Supply Co. And in 2010, it took over the Austin-area retailer Solutions by Self-Chem. This growth was made possible, in part, thanks to funds from the London-based private equity firm CVC Capital Partners, which purchased an undisclosed number of Leslie’s minority shares in 2010.
Founded in 1963 as a one-man pool supply operation in a suburb of Los Angeles, Leslie’s now operates more than 770 retail and commercial service stores in 35 states.
Warehouse Pools has been owned and operated by the Gus Andrews family since 1982 and will continue to operate as a subsidiary of Leslie’s Poolmart.