Brookfield's MAAX Spas completes second acquisition, buys L.A. Spas
MAAX Spas Industries Corp, a portfolio company of the private equity group of Brookfield Asset Management, has bought L.A. Spas, a U.S. designer and manufacturer of hot tubs. The acquisition's value was not disclosed. Its second purchase since it was bought by Brookfield in 2008, MAAX Spas said the deal creates one of North America's largest hot tub and swim spa manufacturers. Based in Chandler, Arizona, MAAX Spas was previously affiliated with Lachine, Québec's MAAX, a provider of bathroom products. Prior to 2008, the company was owned by an investor group that included J.W. Childs Associates and the Ontario Municipal Employees Retirement System (OMERS).
11 December 2014•4 mins read
