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.
