Indoor Pool Dehumidification Manufacturer PoolPak Acquired by Sterling Group
Acquisition is consistent with its plans for additional investment in complementary HVAC products and companies
HOUSTON — The Sterling Group, a middle market private equity firm, has completed the acquisition of PoolPak International LLC. Headquartered in York, Pennsylvania, PoolPak is a leading manufacturer of dehumidification systems for large athletic pools, natatoriums in schools and universities, commercial pools and hotel/motel leisure pools. PoolPak’s high-performance dehumidifiers also control high-moisture, non-pool, critical environments.
According to Robert Paley, PoolPak president, “We’re eager to partner with The Sterling Group. Joining this team improves our ability to provide high performance, efficient, and cost effective dehumidification solutions to our customers.”
The Sterling Group said the acquisition of PoolPak is consistent with its plans for additional investment in complementary HVAC products and companies. PoolPak will be operated within The Sterling Group’s Specified Air Solutions group of companies.
“PoolPak has over 45 years’ experience in dehumidification for indoor pools and other critical applications. It is a natural fit with The Sterling Group’s broad portfolio of leadership products that address many unique HVAC applications,” said John D. Hawkins, partner at The Sterling Group and Specified Air Solutions board member.
The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution, and industrial services companies. For more information, visit www.sterling-group.com.
For more information on PoolPak, visit www.poolpak.com.
Publication date: 11/18/2016