Source: PHCP Pros

ThermoSpas: Investindustrial to Acquire Jacuzzi Brands

An investment subsidiary of Investindustrial VI L.P. (“Investindustrial”) has entered into a definitive agreement to acquire Jupiter Holding I Corp. (“Jacuzzi Brands” or “the Company”), owner of several spa and bath products brands, among them Jacuzzi, from investment funds affiliated with each of Apollo Global Management, LLC, Ares Management Corporation, and Clearlake Capital Group, L.P. Investindustrial has invited Nottingham Spirk Design Associates (“Nottingham Spirk”) to be a business innovation and product design partner and to co-invest in the Company as a minority shareholder.

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Est. Annual Revenue
$100K-5.0M
Est. Employees
25-100
CEO Avatar

General Manager

Karl Kleinbach

CEO Approval Rating

81/100

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