Based in Greenwich, Connecticut, Marc Magliacano guides the L Catterton Flagship Fund as Managing Partner and seeks out private equity opportunities in diverse consumer and retail markets. Among the companies in which Marc Magliacano and his team have invested is one that markets swimming pool and spa services and supplies at retail and online.
As reported in Pool and Spa News, the industry is one that is integral to the economies of many tourism-focused states, and none more so than Florida. According to a 2016 Florida Swimming Pool Association (FSPA) study, the state's pool and spa sector generated revenue in excess of $5.4 billion in 2014 alone, with consistent growth forecast.
Analysts believe that there is substantial long-term room for market expansion, with a pre-recession FSPA economic impact study from 2006 valuing the market at $10.5 billion. Florida is positioned as a dynamic growth driver, as the market increased by nine percent in 2014, which substantially outpaced the nation’s four percent growth.
Marc Magliacano is an investment partner at L Catterton, the largest consumer and retail growth-oriented private equity firm in the world. Representing L Catterton, Marc Magliacano was part of the 21st International Health, Racquet & Sports Club Association (IHRSA) Financial Panel, which took place in early 2017.
With 8,000 members from over 70 countries, IHRSA serves the health and fitness industry by promoting awareness of the growing health problems brought about by obesity and inactivity. IHRSA conducts outreach and education programs that aim to encourage active, healthy lifestyles. The association also provides its members with resources and promotes health initiatives to interested individuals.
IHRSA members have access to a medical wellness toolkit that contains suggestions on how to connect with medical practitioners and how to create and implement medical wellness programs. Another resource is an eBook that tackles the problem of inactivity among youth and makes suggestions on how to help solve the problem. In addition, #WhyGetActive is a yearly community health initiative wherein IHRSA members share their reasons for pursuing a health-focused lifestyle in hopes of encouraging others to follow the same path.
