Latham Group, a leading designer and manufacturer of in-ground residential swimming pools, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
Latham states that it is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, holding a #1 market position in North America in every product category in which it competes. The company portfolio of pools and related products includes in-ground swimming pools, pool liners, and pool covers.
The Latham, NY-based company was founded in 1956 and booked $403 million in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq under the symbol SWIM. Barclays, BofA Securities, Morgan Stanley and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.
