Latham Group Acquires Freedom Pools for Approximately $17 Million
Latham Group announced that it has acquired Freedom Pools, a fiberglass pool manufacturer and installer operating in Australia and New Zealand. The transaction was completed on February 26. The acquisition is expected to be immediately accretive to Latham's earnings, adding approximately $20M in net sales and approximately $4M in adjusted EBITDA, on an annualized basis, before acquisition synergies. The purchase price was approximately $17M, and the transaction was fully funded with cash on hand.
