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Investment Firms Acquire Hayward

After more than 50 years, Davis family selling

Hayward Industries has been purchased by three investment firms: CCMP Capital Advisors LP; MSD Partners, LP; and Alberta Investment Management Corporation. Founded in 1925, the Davis family had owned Hayward since 1964.

“I am extremely proud of the accomplishments realized by our team in positioning Hayward as a leading provider of pool equipment throughout the world,” says Robert Davis, co-chairman of the Hayward board. “As I approach retirement, I am very confident this next generation of ownership will carry on the Hayward tradition and that our legacy is in excellent hands.”

According to the company, Hayward has had an average annual growth rate above 10 percent for more than 50 years. Clark Hale, who joined Hayward in 2012 as the president and CEO, will remain in that position.

“[The Davis family] had the wherewithal and the patience to build a company that I think most of us would say is the kind of company we’d want to build,” says Dave MacNair, vice president of marketing at Hayward. “A company that is both well respected in the marketplace but also well respected on the inside. The employees respect the organization, the ownership and the leadership.”

“We are thrilled to partner with Clark and his team to acquire Hayward, which has built an outstanding leadership position and brand loyalty in the pool equipment market,” says Mark McFadden, a managing director at CCMP. “Through two generations of Davis family leadership, the company has grown from a regional pool equipment supplier to a global leader with a track record of product innovation and world class supply chain and manufacturing capabilities. We look forward to working with Clark and his highly talented team to build on the company’s outstanding record of growth.”

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MacNair says that it will be business as usual at Hayward. “Everyone, including the entire management team, is staying on,” MacNair says. “We’re going to continue pursuing the strategy direction that we’ve been on.”

“Hayward and its employees are forever grateful for the vision and leadership that Oscar and Robert Davis have provided,” Hale says. “We now look forward to partnering with CCMP and MSD Partners to continue our investments in product innovation, geographic expansion and synergistic acquisitions.”

Based in New Jersey, Hayward has manufacturing and distribution facilities across the world.

“We are delighted to have the opportunity to partner with Hayward’s management, in this seminal event in the company’s distinguished history, and we are pleased to be trusted with the stewardship of the business in the next chapter of its evolution,” says Kevin Brown, a managing director in the Private Capital Group at MSD Partners. “Hayward is a perfect fit with MSD Private Capital Group’s strategy of investing in companies that can deliver stability and growth over the long term, and we look forward to supporting its continued growth.”

“It’s an endorsement of the industry’s future as well as Hayward’s future in particular,” MacNair says. “I think that’s at least a feel good for everybody in the industry. It certainly is for Hayward.”

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