Plano, TX. (February 28, 2002) – Riverbend Sandler Pools (“Riverbend”) is the largest residential pool construction and service provider in Dallas-Ft. Worth and a portfolio company under Concentric Equity Partners (“CEP”) announced the acquisition by Pool Steward (“Pool Steward”), a Dallas-based provider of residential swimming pools service, maintenance, and repair. Riverbend acquired Pool Steward from Tim Kaiser, the owner and leader of Riverbend. Kaiser is a small-business entrepreneur with a background in commercial real estate.
Pool Steward has been serving residential pools in the DFW Metroplex for over 20 years. We place great emphasis on training and finding the best talent to provide a superior customer experience. All Pool Steward employees and technicians will remain in their current positions with the Company. Riverbend Sandler sees Pool Steward as an ideal partner to help achieve its ambitious organic and acquisition growth goals in the DFW metroplex, and across Texas.
Tim Kaiser said, “As I thought about the next chapter,” “This partnership will give us additional resources that will allow us to improve the quality of our customers’ expectations and deserve. Riverbend Sandler is a market leader of over 40 years. We are proud to be a part of this amazing organization.
Bruce Mungiguerra, Riverbend Sandler CEO, stated that Pool Steward is well-respected in the Dallas pool industry for its quality service and dedication to technician training. “I am thrilled to add Pool Steward into the Riverbend Sandler company group and believe it will be an important driver of value in our business moving ahead.”
CEP’s Adam Lucas adds that Tim Kaiser is an entrepreneur and leader who pushes the team to deliver an outstanding customer experience. This is our third acquisition of a pool service company and shows our commitment to a strong growth strategy through acquisitions.
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Pool Steward:
Pool Steward, a top residential pool repair and service company, is headquartered in Addison TX. Pool Steward, which has been maintaining residential pools in DFW for over 20 years, is a market leader in its field. Its dedication to customers and its focus on providing the best and most highly-trained technicians in the industry have made Pool Steward stand out in the market.
You can find more information about Pool Steward at www.psdfw.com.
About Riverbend Sandler Pools:
Riverbend Sandler, based in Plano TX, is the largest residential pool service and maintenance provider in Dallas-Ft. Worth. The Company’s specialized, high-touch design process and commitment to quality workmanship and customer service are what distinguish it. They also have a track record of success. Charles Barnes founded the Company in 1981. It has been a success story for more than 40 years and is now one of the most successful pool builders in Southwest U.S. Riverbend Sandler has had a guiding principle: “Don’t cut corners.” It is worth taking a little longer to do it right, and not compromising on quality craftsmanship.
For more information on Riverbend Sandler, visit www.riverbendsandler.com.
About Concentric Equity Partners
Concentric Equity Partners (“CEP”), a private investment company, partners with top middle market companies to provide capital and strategic advice to increase long-term value creation. CEP’s mission is to support entrepreneurs and operators with the resources necessary to achieve extraordinary results. CEP’s investment team consists of professionals with outstanding track records in middle market growth and operators, as well as professional investors.
CEP is Financial Investments Corporation’s direct investing arm. It is a private asset manager firm and family office that has over $2 billion of investment commitments. Financial Investments Corporation was established in 1994 by Harrison Steans and Jennifer Steans. It has been working with private companies for over 25 years.
For more information about CEP, please visit www.ficcep.com.
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