Skyway Capital Markets M&A team members Jack Murray and Roger Overby served as the sole advisor to Florida Water Products (FWP) on their merger with Pool & Electrical Products (PEP).
Tampa, Florida-based FWP is a third generation, family-owned swimming pool equipment distributor operating in Florida, Texas, Nevada and Utah. PEP is a California-based swimming pool equipment distributor with locations across California, Arizona and Texas. Under the new ownership structure, both FWP and PEP will continue to operate under their current brand names, and the FWP executives will lead the combined operations across their 47 branches.
Jack Murray commented on the transaction saying, “It was an honor to be involved in the merger of these two distinguished family-run businesses and to help both families achieve their desired objectives. Louie Mozas and Carlos Del Amo will continue to lead the combined company through its next phase of growth and geographic expansion, while PEP’s principals will maintain a significant ownership stake in the company but pass on management responsibilities to the next generation of the Becerra family. In both cases, the key individuals were able to attain their transaction goals and create a much stronger business in the process.”