Balance Point Capital Advisors announced an investment in AquaVerse, a portfolio company of Trivest Partners. Balance Point provided debt and equity capital to support multiple acquisitions.
AquaVerse is a residential pool services platform created to support, grow, and unify a family of pool service brands across multiple markets. The company is currently home to eight consumer-facing brands across Florida, Georgia, and Tennessee.
The company serves more than 10,000 customers through local teams focused on pool service in their communities. AquaVerse is led by CEO Josh Sevick and an executive team with experience leading private equity-backed residential services businesses.
Balance Point said AquaVerse has attractive market positioning, a strong management team, and a culture of premium service. The firm plans to support AquaVerse’s expansion through organic growth initiatives and strategic M&A.
AquaVerse said Balance Point’s experience in residential services and flexible capital base will help support the company’s next phase of growth. The company plans to continue scaling its platform while delivering pool services to homeowners across the country.
Trivest said Balance Point designed a capital solution that aligns with its vision for AquaVerse. The investment is expected to provide flexibility for growth initiatives and future acquisition opportunities.
AquaVerse provides operational, marketing, technology, recruiting, and talent development resources to its family of local pool service brands. This model allows local brands to maintain their identities while benefiting from the scale and support of a larger organization.
Balance Point is an alternative investment manager focused on the lower middle market. The firm has about $2.4 billion in assets under management and invests debt and equity capital across multiple investment vehicles.
Trivest Partners is a private investment firm focused on founder-led and family-owned businesses across North America. The firm has about $6 billion in assets under management and supports businesses through both control and non-control transactions.
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“Balance Point is very excited to partner with AquaVerse and Trivest as they continue to build a leading residential pool services platform across the Southeast. AquaVerse’s first-class management team, attractive market positioning and culture of premium service provide a compelling foundation for continued growth. We look forward to supporting AquaVerse’s expansion through continued organic initiatives and strategic M&A.”
Grant Groher, Senior Managing Director at Balance Point
“We are pleased to welcome Balance Point as a new capital provider and partner. Their deep experience in the residential services sector, collaborative approach, and flexible capital base will be instrumental as we continue to scale our platform and deliver exceptional pool services to homeowners across the country.”
Josh Sevick, CEO of AquaVerse
“Balance Point designed a thoughtful capital solution that aligns with our vision for AquaVerse and provides the flexibility needed to execute on our growth initiatives and future acquisition opportunities. We are excited to partner with Balance Point and look forward to working together as we continue to grow AquaVerse into a premier residential pool services platform.”
Reid Callaway, Managing Director at Trivest Partners
