trending Market Intelligence /marketintelligence/en/news-insights/trending/hW9B_MmN1Mq5iFgkfPQKtQ2 content esgSubNav
In This List

Investindustrial to purchase Jacuzzi Brands

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

Banking Essentials Newsletter: July Edition - Part 2


Investindustrial to purchase Jacuzzi Brands

Middle-market investment firm InvestIndustrial agreed to pay an undisclosed sum to buy Jupiter Holding I Corp. from funds affiliated with Apollo Global Management LLC, Ares Management Corp. and Clearlake Capital Group LP.

The transaction, slated to close in the first quarter, is being conducted through an investment unit of Investindustrial VI LP. Nottingham-Spirk Design Associates Inc., a Cleveland-based product design company, will co-invest in Jupiter as a minority stockholder.

InvestIndustrial tapped Charles Huebner to become executive chairman of the target company, also known as Jacuzzi Brands LLC. Huebner most recently was CEO of kitchen appliance company Dacor Inc.

Jacuzzi owns several spa and bath product brands, including its flagship Jacuzzi brand, Sundance, New Dimension One Spas, Hydropool Industries Inc., ThermoSpas and BathWraps.