Prior Investments

Cody Pools, Inc.

Leading custom swimming pool builder serving residential and commercial markets.

Through a recapitalization with the president and sole shareholder, Stone Pointe provided partial liquidity to the President along with growth capital to expand the market presence of Cody. Originally focused on the residential pool market in Austin, TX market, Cody executed on geographic market expansion to San Antonio and Houston, TX, and then entered Florida through the acquisition of a pool builder in the Tampa, FL market. Leveraging the company’s expertise in construction management to build pools, Cody developed a leading national commercial pool division to serve large general contractors. Cody Pools has been recognized as the #1 pool builder by Pool & Spa News for 9 consecutive years (2012 – 2021).

Transaction Structure:  Growth recapitalization with existing management/shareholder
Original Investment: 2007
Exited Investment: 2020

Waterco Holdings, LLC

Focused on the value-added distribution of water treatment products serving household and commercial markets through franchised Culligan dealers located within the United States.

Partnering with experienced operating executives, Waterco Holdings was created to acquire 11 company-owned locations across the United States from Culligan International. Since the initial acquisition, Waterco acquired an additional 17 locations, creating four strategic distribution territories and the third-largest dealer group within the U.S. distribution network of Culligan.

Transaction Structure: Corporate divestiture/management buy-out
Original investment:   2011
Exited investment:      2018