Pool Troopers Acquires Price Rite Pool & Spa Service Inc. in Cocoa, FL
Tampa, FL – August 1, 2023. Pool Troopers, the leading provider of pool maintenance and repair services, has announced the acquisition of Price Rite Pool & Spa Service Inc., a trusted pool service company based in Cocoa, FL. The acquisition, the 20th since Pool Troopers partnered with Shoreline Equity Partners, expands Pool Troopers reach to Florida’s Space Coast and furthers the company’s mission to provide exceptional service and freedom to pool owners.
Price Rite provides pool maintenance and repair services to commercial and residential customers across Brevard County which includes Cocoa Beach, Cape Canaveral, Rockledge, Cocoa, Melbourne, and Titusville. The previous owners, Paul and Bonnie Hughes will still direct and operate the branch to ensure a smooth transition for their customers. “When choosing a partner, we were looking for someone who would take good care of our customers and our team. Over the past 23 years, the people we have worked with have become family, and we know they are in good hands with Pool Troopers.”
“It is a pleasure to welcome Paul, Bonnie, and the rest of the Price Rite team to our Pool Troopers family. Not only do they bring a wealth of industry knowledge, but they also have a notable reputation in the Brevard County area. We look forward to the value they will add to our company as we expand our reach throughout central Florida and continue to grow our Commercial Pool Service and Repair business,” said Mark Patton, CEO of Pool Troopers.
Price Rite Pools has maintained a solid reputation of reliability and proficiency across Florida’s Space Coast. This acquisition is effective immediately and will allow their loyal customer base to receive the same exceptional service standard they expect from the company.
About Pool Troopers
As the premier provider of chemical, cleaning, maintenance, and repair services for residential and commercial pools, Pool Troopers serves over 20,000 customers in Florida, Texas, South Carolina, Georgia, and Arizona. Pool Troopers was ranked #1 in 2019, 2020, 2021, and 2022 on the Top 50 list by Pool & Spa News & Jandy. Pool Troopers was founded in 1952 and is headquartered in Tampa, Florida.
About Price Rite Pool and Spa Service Inc.
Price Rite has been under the leadership of Paul and Bonnie Hughes for 23 years. They have been a trusted industry leader in Brevard County, servicing residential and commercial properties.
About Shoreline Equity Partners
Shoreline is a lower middle market private equity firm focused on actively partnering with leading management teams. Shoreline follows a total stakeholder model, meaning success should be a “win- win” proposition for shareholders, employees, customers, vendors, and the communities within which the Firm’s companies operate. Shoreline professionals believe in honesty, incentive alignment, and creating bigger, better businesses without relying on financial engineering or cost cutting to generate returns.
With over $750 million of committed capital under management, Shoreline seeks to lead equity investments of up to $150 million per transaction in support of buyouts, recapitalizations, and corporate divestitures. Targeted businesses have enterprise values ranging from $50 million to $350 million and EBITDA of $5 million to $25 million. The Firm strives to partner with management teams of businesses primarily within the specialized manufacturing, value-added distribution, and business and facility services sectors, among others. For more information, please visit www.shorelineequitypartners.com.