S.R. SMITH HAS BEEN ACQUIRED BY FLUIDRA S.A.

Prestwick is pleased announce the sale of S.R. Smith to Fluidra S.A. (BME: FDR).  Prestwick acted as the exclusive advisor to S.R. Smith and its private equity sponsor, Champlain Capital.  The transaction was valued at $240 million.

S.R. Smith (www.srsmith.com) is a leading global manufacturer specializing in commercial and residential pool deck equipment and accessories. The Company’s product line is extensive and includes starting blocks, rails, ladders, slides, diving boards, ADA-compliant lifts, swimwall systems, thermal cover systems and in-pool furniture. Headquartered in Canby, Oregon, S.R. Smith operates manufacturing facilities from multiple locations in the United States and Australia. Their products are supported by distributors around the world, with a focus in the United States, Australia, Canada and Europe.

Fluidra, a Spanish listed firm, is the global leader in the pool and wellness equipment business. It provides innovative products, services and Internet of Things (IoT) solutions. The company operates in over 45 countries and owns a portfolio of some of the industry’s most recognized and trusted brands, including Jandy®, AstralPool®, Polaris®, Cepex®, Zodiac®, CTX Professional® and Gre®.