Rumor has it Leslie's Pool Mart is for sale. According to a report posted on Reuters, CVC Capital Partners Ltd and Leonard Green & Partners LP, the buyout firms that own Leslie's, have requested the investment bank Goldman Sachs Group to run an auction for the company and reach out to potential buyers. Of course, no one has been willing to go on the record. However, sources close to the deal indicate that the $2 billion dollar firm is seeking to capitalize on their customers' desire to shop in store versus online.
The Phoenix-based company operated 893 stores and commercial centers as of June and reported revenues for the 12 months ending June of approximately $766 million, according to credit ratings agency Moody's Investors Service.