Gold Medal Pools has announced its largest acquisition, purchasing Atlanta-based Andy's Pool Service, marking the company's first deal of 2024 and the first transaction outside the Lone Star State.
"We're excited to enter the Atlanta market and expand our consolidation strategy nationally. Our team has successfully completed five purchases in the past six months, and we don't foresee slowing down anytime soon," says Josh Sandler, CEO of Gold Medal Pools.
This swimming pool consolidation deal represents a significant geographical expansion for Gold Medal Pools, as Andy's Pool Service currently services the entire Atlanta Metro area, including many other North Georgia communities.
"This partnership, combined with Gold Medal's long-term consolidation plan, creates substantial operational support and financial resources that will allow us to provide even greater growth opportunities to employees and homeowners," says Richard Sosebee, co-owner of Andy's Pool Service. "Staying true to our core values and making pool ownership more convenient will remain our most significant focus."
The press release further states, "Customers and team members of both Gold Medal Pools and Andy's Pool Service can expect a seamless transition, with a continued focus on delivering personalized customer service and unmatched quality. Owners Dwayne Hamrick and Richard Sosebee are integral parts of the growth plan for the Gold Medal Platform and remain within the Gold Medal Ownership Group."
"We are excited to work alongside Gold Medal Pools to make a meaningful impact in our community and the industry," says Dwayne Hamrick, co-owner of Andy's Pool Service. "For pool owners seeking growth, funding, or an exit strategy, our operational platform and career path development programs create win-win partnerships for pool company owners and team members."
Sandler further states, "We've created a successful blueprint in the DFW marketplace, and we expect the Andy's Pool Service acquisition to serve as a beachhead for future acquisitions throughout the Southern market."