AIMCo to partner in acquisition of Hayward Industries

Hayward Industries Inc, a U.S. maker of residential and commercial swimming pool equipment and industrial flow control products, has agreed to be acquired by a private equity consortium. No financial terms were released. The consortium is led by U.S. private equity firms CCMP Capital Advisors and MSD Partners and includes Alberta Investment Management Corp (AIMCo), a Canadian pension fund. Elizabeth, New Jersey-based Hayward, a family-owned business, said the deal will support investments in product innovation, geographic expansion and acquisitions.

DealsCanadaNorth AmericaBriefs