GLI is a leading provider of custom pool products
Partnership with Pamplona Capital Management and Latham will maintain GLI’s culture and drive further investment in growth
The transaction executed by Mesirow highlights the firm’s collaborative nature and expertise within the Consumer and Industrials sectors
CHICAGO, November 12, 2020 – Mesirow acted as exclusive financial advisor to GLI Pool Products (“GLI” or the “Company”) on its strategic partnership with Pamplona Capital Management (“Pamplona”) and its portfolio of companies. Pamplona is also the majority investor in Latham Pool Products, Inc. (“Latham”).
The Youngstown, Ohio-based GLI is a known service leader in shipping custom inground swimming pool liners and safety covers. GLI is a long-standing, valued brand with a recognized commitment to excellence. GLI and Latham will operate independently, though they will leverage shared technology and best practices in order to provide the best customer experience.
“For years, I have sought to ensure that GLI and our associates would continue to thrive long into the future,” said GLI owner Gary Crandall. “I have found the right partner to maintain and accelerate our positive trajectory.”
Jeff Golman, vice chairman of Mesirow, commented on the transaction, “We are pleased to have advised GLI throughout this process, culminating in a successful outcome for the Company. GLI’s strong presence in the swimming pool market combined with our valued relationship with Pamplona enabled us to solidify this strategic partnership that we believe will benefit all parties.”
The strategic partnership between GLI and Latham represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s expertise within the Consumer and Industrials sectors. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our workplace culture. To learn more, visit mesirowfinancial.com and follow us on LinkedIn.
About GLI Pool Products
GLI Pool Products is a privately held and locally owned manufacturer. They currently employ over 340 people operating three shifts within their Youngstown facility. GLI utilizes lean manufacturing processes to manufacture and ship custom pool liners and safety covers worldwide. GLI is committed to delivering their products, particularly custom pool liners and safety covers, quickly and professionally. Predictably fast and flawless delivery in a seasonal business is a service that customers come to rely on for planning their business with GLI. They combine this with a blend of consumer and trade marketing programs that are targeted at incremental profit enhancement. A majority of GLI’s products are sold through approximately 450 wholesale pool distributors and 1,500 swimming pool retailers/dealers/builders/Service companies. To learn more, visit glipoolproducts.com