BBB Business Profiles are subject to change at any time. ![]() When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. The parties anticipate completing the transaction by December 31, 2021, subject to the satisfaction of regulatory and other customary closing conditions.BBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment. ![]() POOLCORP expects the net revenue growth contribution to be similar to that realized from other recently completed acquisitions and plans to use borrowings available from its newly expanded revolving credit facility and cash on hand to fund the acquisition. ![]() POOLCORP will also benefit from an in-house, world-class chemical packaging operation. The pending acquisition strengthens both companies’ distribution networks, broadens POOLCORP’s sales channels and expansion opportunities in key pool markets, and provides Porpoise Pool & Patio with access to a convenient and expanded range of products through POOLCORP’s sales center network. Jim Eisch, president and COO of Porpoise Pool & Patio adds: “This strategic combination of Pinch A Penny’s established retail support capabilities, Sun Wholesale’s central distribution and chemical packaging operations with POOLCORP’s national footprint, product breadth and resources provides a powerful platform for accelerated growth and enhanced retail customer experience.” “Joining with POOLCORP is an extraordinary opportunity to ensure the continuation, and future expansion, of that legacy.”ĪPSP Appoints New Board of Directors for 2018-2019 “Pinch A Penny was founded by my father, Fred Thomas, on the premise of providing value, quality and service to our customers, offering everything needed to operate and enjoy a swimming pool or spa,” says John Thomas, CEO of Porpoise Pool & Patio. The addition of the Pinch A Penny franchise network to POOLCORP’s North American distribution business brings substantial growth and operating synergies for both existing independent retail customers and independent franchisees.” ![]() “Since its founding over 45 years ago, Pinch A Penny has steadily grown and developed into a leading franchisor of swimming pool specialty retail stores and one of the highest-rated U.S. “We are excited about combining our industry-leading distribution capabilities with Porpoise Pool & Patio’s well-established customer base, world-class chemical packaging operation, history of operational excellence and strong growth-oriented Pinch A Penny brand,” says said Peter D. is the largest franchisor of pool and outdoor living-related specialty retail stores in the United States with approximately 260 independently owned and operated franchised stores in Florida, Texas, Louisiana, Alabama and Georgia and brings substantial opportunities for expansion. is a wholesale distributor of swimming pool and outdoor-living products, including a specialty chemical packaging operation, selling primarily to Pinch A Penny franchisees. Pool Corporation signed a definitive agreement to acquire Largo, Florida-based Porpoise Pool & Patio, Inc., including its main operating subsidiaries, Sun Wholesale Supply, Inc.
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