Out of the Blue

Analyzing PoolCorp's Acquisition of Porpoise Pool & Patio

Over the 12 years from 2009 through 2020, PoolCorp acquired 30 businesses for $213mm. In late 2021, PoolCorp purchased a single business, Porpoise Pool & Patio, for $789mm. My goals in this short write-up are to:

1. Survey Porpoise’s business. What did POOL buy?

2. Analyze POOL’s Acquisition. Was it a good idea? Did they pay a fair price?

3. Provide Context. How sh…