PennSpring Buys Swing Kingdom and Atlas Molding

PennSpring Buys Swing Kingdom and Atlas Molding

PennSpring Capital has acquired Swing Kingdom, a manufacturer of vinyl playground equipment, and Atlas Molding, a rotational molding company.

Swing Kingdom designs and manufactures swing sets, playsets, and playhouses for children in both commercial (daycare centers, schools, parks, churches, and homeowner associations) and residential locations.

The company’s products, which are sold through a nationwide dealer network, include over 35 standard outdoor playsets and accessories made from PVC, structural wood, along with stainless steel bracketing and support hardware. The company considers itself to be the largest manufacturer of vinyl playsets in the US. Swing Kingdom has a 43,000 square foot facility and headquarters in Leola, PA (

Atlas Molding, Swing Kingdom’s primary supplier of molded plastics, manufactures and distributes swing set components including swings, slides, tunnels, roof structures, playset accessories, and hardware. The company has a 90,000 square foot facility and headquarters in Leola, PA (

Both Swing Kingdom and Atlas Molding were founded by Amos Glick and he is the president of both companies.

“We are proud to announce two acquisitions of this quality, right in our home base of Lancaster County,” said Lou Castelli, managing partner of PennSpring Capital. “Swing Kingdom is one of the preeminent brands in youth recreation, and their skilled, seasoned team has captured significant market share of backyards across America through an effective distributor model. We will seek to preserve and enhance this channel, while opening Swing Kingdom to a new high-value institutional audience: SLED (state, local and education). Leveraging our two decades as operators in SLED, we intend to increase revenue and margins through a new sales channel direct to Parks & Rec departments and K-12 schools nationwide.”

“In addition, we see significant additional opportunity for Atlas Molding in the greater $2.5 billion U.S. roto molding market, one of the strongest components of the plastics industry. From kayaks to floor cleaners, roto molding is everywhere. We are exploring new applications for Atlas Molding and with its technology and the Lancaster work ethic, we believe the company is primed to expand into additional verticals,” added Mr. Castelli.

PennSpring Capital invests in lower middle market companies that have EBITDA of $750,000 to $5 million. Sectors of interest include business services, sports, media and technology, healthcare services, and education services. The firm is led by Lou Castelli and Justin Davis and is based in Lancaster, PA (

With the closing of these two transactions, PennSpring has now made eight investments in the last ten months, including five majority investments.

© 2019 Private Equity Professional | May 23, 2019

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