DALLAS--(BUSINESS WIRE)--Generational Capital Markets, Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Master Tile Network, LLC to Pool Corporation (Nasdaq: POOL). The transaction closed February 14, 2020 and details were not disclosed.
Master Tile Network LLC (Master Tile), is a Houston, Texas, based distributor of swimming pool tile and hardscapes products. Master Tile operates seven sales and distribution centers in Texas, California, Nevada, Oklahoma, Florida and New Jersey.
Headquartered in Covington, Louisiana, Pool Corporation (POOLCORP) is the world’s leading independent distributor of swimming pool supplies, with an additional focus on irrigation, equipment, outdoor living, and landscape products. The Company has over 4,000 employees in over 370 locations worldwide. They represent over 200,000 national brand and private label products.
“Master Tile has been one of the premier swimming pool tile distributors for over 20 years. Adding the Master Tile team to POOLCORP’s National Pool Tile (NPT) network strengthens our ability to serve customers in key swimming pool markets and enhances our leading position in the swimming pool tile and associated hardscapes products marketplace,” says Peter D. Arvan, POOLCORP president and CEO.
Greg Kirk, president of Master Tile, added, “The combination of Master Tile’s long-standing customer relationships along with the NPT network product breadth and resources, will offer enhanced opportunities for our customers to grow their businesses. We have truly enjoyed serving our many customers and appreciate the dedication of our employees over the years. We will work closely with NPT to ensure a smooth transition."
Chris Heckert, Managing Director Mergers & Acquisitions with support from Vice President Mergers & Acquisitions, Andre Farahmandi successfully closed the transaction. Executive Managing Director Jon Hyman established the initial relationship with Master Tile.
"This is an exciting acquisition for the pool distribution space,” said Heckert. “Both Master Tile and Pool Corporation have long histories in this space and I look forward to seeing what they can do together.”
About Generational Capital, LLC
Generational Capital, LLC, is a Dallas, Texas-based merger and acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at www.gencm.com.
Generational Capital and Generational Capital Markets are part of the Generational Group and are affiliated with Generational Equity, LLC, which The M&A Advisor named Investment Banking Firm of the Year in 2016, 2017, and 2018.
GCM's most recent awards include The M&A Advisor's 2019 M&A Deal of the Year Award (50M-75M) and the Corporate/Strategic Deal of the Year (25M-50M).