CPSM Inc., the pool- and spa-industry aggregator, will be acquiring all of the assets of Lighthouse Pool Supply Inc. and its sister company Sundook’s Advanced Pool Services LLC, which both serve the Martin County, Fla. community. The deal is scheduled to close on January 4, 2016, and while the final total will be determined post-closing following an audit of the customer accounts, the total value of the transaction will not exceed $215,000.
Both Lighthouse and Sundook have been in business for less than 10 years, respectively, and are managed by Gail M. Sundook.
“Lighthouse and Sundook are both solid, reputable companies,” Lawrence Calarco, chairman of CPSM Inc. stated in a press release. “This acquisition is well timed as it will complement our move to the new headquarters location [from Palm City, Fla. to Stuart, Fla.] and infill some of the areas CPSM is not currently serving in Martin County. CPSM will be able to offer these new customers a broader range of services and products. This transaction will be an immediate benefit to all parties.”