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FEBRUARY 2024
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FEBRUARY 2024
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LATEST NEWS
Investment Firm Acquires Artesian And Marquis Brands
Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, announced on 25 January that it has acquired both Artesian Spas and Marquis Hot Tubs and combined them to form a leading pool and spa wellness platform. Artesian and Marquis will operate under a parent holding company with their respective management teams working in partnership. The combined platform will provide customers with a broad portfolio of outdoor aquatic products and is seeking additional acquisitions in the pool and spa market.
Both brands manufacture portable hot tubs, swim spas and related accessories for the residential market in North America and Europe. The combination of the two businesses creates a multi-branded hot tub and swim manufacturer with a broad product portfolio and expansive dealer network. Artesian and Marquis will continue to operate under their respective brands to service growing demand in the home improvement and outdoor living sectors.
Marquis CEO John Schrenk remarked: “Artesian has a stellar brand reputation. We are pleased to be partnering with a company that shares our goal of producing high-quality products with industry-best customer service. Our combined partnership with Monomoy will allow us to continue to scale our two businesses.”
Founded in 1993, Artesian Spas’ founding partners came together with one uniting goal: to provide the best quality hot tubs and spas, the most features, and the greatest range of products. The company offers four lines of hot tubs and swim spas and manufactures products out of its Las Vegas, Nevada headquarters.
Marquis offers creative and innovative designs that provide consumers with the ultimate experience. Their spas are designed with cutting-edge features for comfort and long-lasting enjoyment. Marquis was founded in 1980 and is headquartered in Independence, Oregon.
“Artesian and Marquis have both experienced exceptional demand and growth over the past two years,” added Monomoy Managing Director Lee Mlotek. “The new holding company will leverage the strengths of each brand to deliver superior products made in the USA to the growing outdoor wellness market. We are excited to partner with the management teams as they scale their businesses together, and we look forward to bringing additional pool and spa brands to the platform in the future.”
For more information contact Monomoy Capital Partners on +1 212 699 4000 or visit www.mcpfunds.com
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Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, announced on 25 January that it has acquired both Artesian Spas and Marquis Hot Tubs and combined them to form a leading pool and spa wellness platform. Artesian and Marquis will operate under a parent holding company with their respective management teams working in partnership. The combined platform will provide customers with a broad portfolio of outdoor aquatic products and is seeking additional acquisitions in the pool and spa market.
Both brands manufacture portable hot tubs, swim spas and related accessories for the residential market in North America and Europe. The combination of the two businesses creates a multi-branded hot tub and swim manufacturer with a broad product portfolio and expansive dealer network. Artesian and Marquis will continue to operate under their respective brands to service growing demand in the home improvement and outdoor living sectors.
Marquis CEO John Schrenk remarked: “Artesian has a stellar brand reputation. We are pleased to be partnering with a company that shares our goal of producing high-quality products with industry-best customer service. Our combined partnership with Monomoy will allow us to continue to scale our two businesses.”
Founded in 1993, Artesian Spas’ founding partners came together with one uniting goal: to provide the best quality hot tubs and spas, the most features, and the greatest range of products. The company offers four lines of hot tubs and swim spas and manufactures products out of its Las Vegas, Nevada headquarters.
Marquis offers creative and innovative designs that provide consumers with the ultimate experience. Their spas are designed with cutting-edge features for comfort and long-lasting enjoyment. Marquis was founded in 1980 and is headquartered in Independence, Oregon.
“Artesian and Marquis have both experienced exceptional demand and growth over the past two years,” added Monomoy Managing Director Lee Mlotek. “The new holding company will leverage the strengths of each brand to deliver superior products made in the USA to the growing outdoor wellness market. We are excited to partner with the management teams as they scale their businesses together, and we look forward to bringing additional pool and spa brands to the platform in the future.”
For more information contact Monomoy Capital Partners on +1 212 699 4000 or visit www.mcpfunds.com
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