Cody Pools Acquires Platinum Pools (supported by Main Street follow-on financing)

Main Street Capital Invests $24.8M in Cody Pools to Support Add-on Acquisition

December 20, 2021

Construction

Main Street Capital Corporation completed a $24.8 million follow-on first-lien, senior secured term debt investment in portfolio company Cody Pools, Inc. to support Cody’s acquisition of a Phoenix, Arizona-based pool builder. Cody Pools, headquartered in Georgetown, Texas, operates in Texas and Florida and said the acquisition expands its national presence into Arizona.

Main Street Capital Invests in Cody Pools

March 11, 2020

Construction

Main Street Capital Corporation completed a $24.4 million portfolio investment in Cody Pools, Inc., providing a combination of first-lien senior secured term debt and a direct equity investment alongside unnamed co-investors. The financing also includes a credit facility to support Cody's growth and working capital as the Austin-area pool designer and builder — founded in the 1990s and operating across Austin, San Antonio, Houston and Tampa — continues to expand its residential and commercial business.

Main Street Capital Makes $19.5M Follow-On Investments in Three Portfolio Companies

July 12, 2022

Financial Services

Main Street Capital Corporation invested a total of $19.5 million in three existing portfolio companies — PPL RVs, Centre Technologies and Nebraska Vet AcquireCo (dba Heritage Vet Partners) — via a mix of senior secured term loans and a direct equity investment. The follow-on capital (approximately $8.0M to PPL, $6.3M to Centre and $5.2M to Heritage) is intended to support add-on acquisitions and continued growth initiatives across the portfolio.

Main Street Capital Invests $47M in Recapitalization of Swim School Franchisee

November 18, 2025

Education

Main Street Capital Corporation completed a $47.0 million minority recapitalization of a leading swim school franchisee that operates more than 40 locations across ten U.S. states. The investment included a combination of first-lien senior secured term debt and a direct minority equity stake and was completed in partnership with the company's existing owners and management.

Platinum Equity Acquires Lonza's Water Care Business

February 28, 2019

Manufacturing

Platinum Equity completed the acquisition of Lonza's water care business in a transaction valued at approximately $630 million. Headquartered in Alpharetta, Georgia, the business operates six production facilities across North America, South America and EMEA and supplies consumer pool-care brands and industrial/municipal water treatment solutions; Platinum Equity will operate it as a standalone platform and will announce a new corporate identity.

Riverbend Sandler Pools Acquires Miller Pools

January 3, 2023

Construction

Riverbend Sandler Pools, a Plano-based platform and portfolio company of Concentric Equity Partners, has acquired Miller Pools, a residential pool service and renovation business headquartered in Pasadena, Texas. Founder Michael Miller sold the business and will remain as General Manager, with all employees retained as Riverbend expands its presence in the Houston market.