PE-backed Jacuzzi Brands buys Hydropool and BathWraps

Jacuzzi Brands LLC, which is backed by U.S. private equity firms Ares Management, Clearlake Capital Group and Apollo Global Management, has acquired Hydropool Hot Tubs and BathWraps. No financial terms were disclosed. Sphaeris Capital Management LLC advised Jacuzzi on the deals. Founded in 1970, Mississauga, Ontario-based Hydropool is a provider of hot tubs and swim spas. David Jackson, Hydropool's president, will continue in that role. BathWraps, located in Roselle, Illinois, is a maker of acrylic wetspace walls, tubs and showers.

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