Investment Partners is pleased to announce that through its pool care platform Azureon, it has made an investment in and partnered with Henry Bona Pools & Spas (“Bona Pools”), a Kenvil, NJ based company (www.bonapools.com). Terms of the investment were not disclosed.
Founded in 1960, Bona Pools is a full-service pool maintenance and construction company that provides residential pool installation, renovation, maintenance and other services to customers throughout New Jersey.
Bona Pools marks Azureon’s tenth acquisition as the platform continues to strengthen its foothold throughout the Northeast. Seann Kim, Chief Corporate Development Officer at Azureon, commented, “Bona Pools is a stellar, well-run operation recognized throughout New Jersey. We are thrilled to welcome Bona Pools to our rapidly expanding platform as Azureon further evolves into an industry leader.”
Bona Pools will maintain significant ownership in the platform, and will immediately have access to ample operational support, resources, and technology from Azureon and its executive leadership team.
“This partnership with the Azureon group marks an important chapter in our goal to redefine the industry and we look forward to joining the team,” said Hank Bona, President of Bona Pools. “We appreciate O2’s backing and belief in our vision, and look forward to continuing to drive impact and innovation throughout the pool industry.”
John Tisera, CEO at Azureon, commented, “We welcome Hank and his team to Azureon and have conviction that Bona Pools’ brand reputation, high service quality, and customer-centric focus will allow the group to contribute tremendously to the Azureon platform. Hank Bona is an excellent and well-respected operator in the region and we are pleased to officially be partnered with him and his team.”
About Henry Bona Pools & Spas
Founded in 1960, Henry Bona Pools & Spas is a full-service company offering service, maintenance, installation, and retail services. Bona Pools & Spas has been able to remain in business for 60+ years by adhering to a strict code of ethics: integrity, pride and honesty. Bona Pools has built its reputation for excellence by creating a relaxed, family environment, by building the finest pools on the market, and by servicing everything sold to the highest quality. Additional information is available at www.bonapools.com.
About Azureon
Azureon is a leading provider of pool care services in the United States. With ten locations across five states, Azureon provides a comprehensive suite of services, including pool maintenance, repair, upgrades, renovations, and design/build solutions to customers across the Northeast. Additional information is available at www.azureon.com.
About O2 Investment Partners
O2 Investment Partners is a Midwestern-based private equity firm that seeks to invest in lower middle-market niche services, technology, and select industrial companies. The firm invests in businesses with earnings growth potential and a clear path to creating shareholder value. O2 invests to partner with management to build and grow the business and take it to its next stage of development. This requires a clear vision and strategic plan to create shareholder value, close partnership, and alignment of interest with management. For additional information, please visit www.o2investment.com.
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We welcome Hank and his team to Azureon and have conviction that Bona Pools’ brand reputation, high service quality, and customer-centric focus will allow the group to contribute tremendously to the Azureon platform.
Contacts
O2 Investment Partners
William Laffrey
wlaffrey@o2investment.com
