In 2014, Leslie's comprised over 750 stores, expanding to 910 by 2015. In lieu of a sale, Leonard Green ultimately sold a substantial stake in the company to CVC Capital Partners and GSO Capital Partners. In 2010, Leonard Green explored a sale of the company targeting in excess of $1 billion for the company. In 1997, the company was taken private for $140 million by Hancock, assisted by private equity firm Leonard Green & Partners. Leslie half-owned and had expanded from just two stores. From the beginning of 1989 through the end of 1996, Leslie's grew from 66 to 259 company-owned and operated stores, including 23 stores added in September 1992 through the acquisition of Sandy's Pool Supply, Inc., which Mr. A 1991 initial public offering raised $28 million for the sale of 47% of the company, using the cash to repay debt and fund an expansion of the business. īy the early 1990s, the company was again generating profits, and the company listed its stock on NASDAQ. Ultimately, the new ownership and management were able to replace managers of stores that refused to open. Following the sale of the company, managers at most Leslie's stores refused to open their stores in an expression of loyalty to Mr. Leslie received $10 million from the sale of the company but was vocal that the company had been taken from him, as the sale was highly leveraged and court-ordered. The company was acquired, in a hostile take-over, for $23 million by private equity firm Hancock Park Associates. Cesmat filed to have the corporation dissolved, and in 1988, a California superior court judge ordered the company be sold. In 1987, Leslie offered to buy Cesmat's stock at a prior agreed-upon price, but Cesmat would not accept. The two founding partners, Leslie and Cesmat, began fighting over the future of the company in the late 1980s, and Cesmat determined he wanted to sell his stake. Leslie, together with partner Raymond Cesmat, began the company by opening a chain of swimming pool supply stores in the Greater Los Angeles area. (son of Hollywood comedy writer Phil Leslie, Sr.) in a single location in North Hollywood, Los Angeles. Leslie's was founded in 1963 by Phil Leslie, Jr. In addition to pool and spa supplies, Leslie's is one of the largest retailers of pool services and repairs in the U.S. Leslie's also sells its own brand of pool supplies, which accounted for a large portion of the company's total sales in 2009. Leslie's stocks essential pool maintenance and cleaning supplies, in addition to pool accessories and pool toys, and has more than 30,000 items available through the company's other distribution channels, such as its website and special order processes. According to a company representative, Leslie's employs 3,500 people year-round and adds hundreds of seasonal employees, bringing its workforce to above 5,000 during its peak summer season.
The company operates over 936 stores in 37 states throughout the U.S. Leslie's also sells supplies for hot tub/spa maintenance as well as, patio and backyard furniture and accessories.
#Leslies pool full
Leslie's sells a full range of supplies for pool maintenance, including chemicals, cleaning devices, equipment and parts, as well as recreational and safety products for swimming pools. The company is headquartered in Phoenix, Arizona, and has a particularly strong retail presence in Arizona, California, Florida, Georgia and Texas. Leslie's, Inc., operating as Leslie's Swimming Pool Supplies, is the largest retailer of swimming pool supplies and related products.
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