By Capital MarketsFeb 26, 2020, 08:00 et
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 hardscape 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).
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We thank you Eric and Generational Equity making our dream come true.Larry Moore, Owner, A Company Portable Restrooms
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.Andy Graham, Vice President, Modern Heating & Plumbing
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).Bil MacLeslie, CEO, ipHouse
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.Pete L.
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Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”Karen S. Williams, CFO, BW Manufacturing
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.Terry D. Wickman, President, Keytroller
I am pleased that I was able to work with Andrew Byrd throughout this experience. From the first meeting we had in Minneapolis I felt that I was in good hands. His knowledge and expertise is second to none. He guided the process consistently throughout. I feel lucky that I was pared with Andrew and could not be happier that I chose Generational Equity to handle this major life event. Thank you Andrew and GenEq for everything!Eric Erlandson, Owner, Action Fastenings, Inc.
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.Michael J Polarek, President, Paragon Packaging
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Terry D. Wickman, President, Keytroller
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Dear Chris and Andre, I just wanted to say thanks for all your help. Even though this process was not an easy one, it was comforting to know that I had a capable team standing beside me. You made me feel like we were almost your only client or at least the most important one. Thanks again, and I will recommend your service in the future.Shenille Engelhart, Owner – CLS Technology
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.Larry Moore, Owner, A Company Portable Restrooms
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I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.Bil MacLeslie, CEO, ipHouse
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.Jay Dinnison, Owner of Sharpe Mixers
Generational Equity’s assistance was invaluable in compiling and marketing our business.Bil MacLeslie, CEO, ipHouse
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.Ralph Noblin, President of Noblin & Associates
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