Business
Latham Group Acquires Freedom Pools
Combination Creates a Market-Leader in Fiberglass Pools Across Australia and New Zealand Trans...
About this update from Swmbrd Sports, Inc.
[{"type":"text","content":"Latham Group Acquires Freedom Pools\nCombination Creates a Market-Leader in Fiberglass Pools Across Australia and New ZealandTransaction Expected to be Immediately Accretive to Earnings LATHAM, N.Y., March 03, 2026 (GLOBE NEWSWIRE) -- Latham Group, Inc. (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that it has acquired Freedom Pools, a fiberglass pool manufacturer and installer operating in Australia and New Zealand. The transaction was completed on February 26, 2026. The acquisition is expected to be immediately accretive to Latham’s earnings, adding approximately $20 million in net sales and approximately $4 million in adjusted EBITDA, on an annualized basis, before acquisition synergies. The purchase price was approximately $17 million, and the transaction was fully funded with cash on hand. Sean Gadd, President and CEO of Latham Group, commented, “We are pleased to partner with such a highly regarded company as Freedom Pools. Their award-winning reputation reflects a deep commitment to product quality, innovation, and service excellence – values that strongly align with those of Latham. This transaction expands our presence in Australia and New Zealand – markets where fiberglass pools have a strong foothold and provides a strategic entry into new markets in Western Australia, including Perth – the fastest-growing city in the country. With more than 50 years of history, Freedom Pools is one of Australia’s longest standing and most highly awarded fiberglass pool builders. The company designs, manufactures, and exports a broad range of fiberglass pool models and spa products, with operations in Australia and New Zealand. Freedom Pools operates manufacturing facilities in Perth, Adelaide, and Brisbane, supported by display centers across Australia, while in New Zealand the company currently partners locally to deliver its extensive pool collections. This acquisition complements Latham’s existing presence with Narellan Pools, which Latham acquired in 2019, and enhances its ability to execute a direct-to-consumer strategy through Freedom’s display centers, where prospective customers can experience fiberglass pool models firsthand and receive expert guidanc...