What is Latham?
Founded in 1956 and headquartered in Latham, NY, Latham Pool Products has established itself as a leading provider of inground residential swimming pools and associated components across North America. The company's extensive product line and long-standing operational history contribute to its strong brand recognition and market share. Latham's strategic focus on manufacturing excellence and product innovation has enabled it to navigate the cyclical nature of the construction and home improvement industries, positioning it for sustained development.
How much funding has Latham raised?
Latham has raised a total of $1.2B across 4 funding rounds:
Debt
$150M
Stock Offering
$437M
Stock Offering
$269.1M
Debt
$350M
Debt (2015): $150M with participation from Franklin Square Capital Partners
Stock Issuance/Offering (2021): $437M, investors not publicly disclosed
Stock Issuance/Offering (2022): $269.1M, investors not publicly disclosed
Debt (2022): $350M featuring Barclays
Key Investors in Latham
Barclays
Barclays PLC is a British multinational universal bank headquartered in London, providing a wide range of financial services to consumers, businesses, and institutions globally. The company operates through multiple divisions including retail banking, corporate and investment banking, wealth management, and credit cards.
Franklin Square Capital Partners
FS KKR Capital Corp, formerly FS Investment Corporation is an externally managed, non-diversified, closed-end management investment company. The Company's investment objectives are to generate current income and long-term capital appreciation.
What's next for Latham?
The recent major strategic investment, alongside the substantial overall capital raised, indicates Latham's readiness for an accelerated growth phase. This financing is likely to be directed towards expanding manufacturing capabilities, enhancing product lines, and potentially exploring new market segments or strategic acquisitions. The company's ability to attract significant capital suggests investor confidence in its business model and future prospects, positioning Latham to capitalize on opportunities within the residential swimming pool market and related home enhancement sectors.
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