Trivest Partners has acquired Yummy Pools, a provider of pool maintenance services.
Yummy’s residential and commercial services include weekly and bi-weekly pool cleaning, maintenance, repair, and inspections. Atlanta-headquartered Yummy was co-founded in 2022 by CEO Casey Graham and Renee Weber and has grown through the acquisition of several local pool service and maintenance businesses.
Mr. Graham is an entrepreneur and the co-founder and CEO of Gravy Solutions, a provider of payment recovery services to subscription-based businesses. Prior to launching Gravy in 2017, Mr. Graham founded and sold three companies including The Rocket Company, a Georgia-based provider of sermon development, pastoral coaching and other advisory services to small and mid-size churches. The Rocket Company was sold to Ministry Brands, a portfolio company of Reverence Capital Partners, in 2015.
Ms. Weber has worked with Mr. Graham since 2008 as the chief of staff at both Gravy Solutions and The Rocket Company. “We are excited to announce our partnership with Trivest,” said Ms. Weber. “Their expertise and commitment to supporting founder-owned businesses gave us confidence that they were the right investors to take Yummy Pools to the next level.”
“This partnership builds on Trivest’s successful experience in residential services and history of partnering with founder-owned businesses,” said Reid Callaway, a principal at Trivest. “We believe there is a tremendous opportunity ahead for Yummy. We have already begun to invest in additional people and infrastructure to accelerate the next phase of growth while delivering the highest quality pool services to customers across the United States.”
Trivest was founded in 1981 and has completed more than 500 transactions totaling over $8 billion in value. Sectors of interest include niche manufacturing, distribution, business and healthcare services, and consumer industries. Trivest has approximately $4 billion in assets under management and an investment team of more than 90 professionals with offices in Coral Gables (headquarters), Los Angeles, New York City, Chicago, Charlotte, and Toronto.
“Our team is extremely impressed with what Casey and Renee have accomplished to date, and we look forward to supporting their continued growth both organically and through acquisitions,” concluded Mr. Callaway.
Founders Advisors was the financial advisor to Yummy Pools on this transaction. “It was a pleasure working with Yummy Pools and the team at Trivest, and we are excited to see what they will accomplish together,” said Madison Davis, a director at Founders Advisors. “Yummy Pools’ strategic vision combined with Trivest’s impressive track record and growth capital position the company to become a leader in the residential pool services industry.”
© 2024 Private Equity Professional | June 6, 2024
