Neptune Benson Inc., will manage the newly acquired Lawson Aquatics Inc., from its headquarters in Coventry, R.I.
Neptune-Benson Inc., a manufacturer of commercial pool filtration systems in Coventry, R.I., recently acquired Lawson Aquatics Inc., a manufacturer of main drain and rim-flow system components in Naples, Fla.
The acquisition marks the company’s first step towards fulfilling its strategic growth objectives, which were announced as part of Neptune-Benson’s recent partnership with Audax Group, an investor in middle market companies that focuses on business growth.
Barry Gertz, Neptune-Benson’s president and CEO said this deal represents the first stage in building an emerging portfolio of companies dedicated to serving the needs of the aquatic industry, while also growing Neptune-Benson’s worldwide market presence.
“We are committed to providing a continuity of quality and service to Lawson’s current customers while helping to enhance the capabilities and market penetration of both our brands,” he added.
Lawson Aquatics will be managed out of Neptune-Benson’s Rhode Island headquarters and will retain its key personnel.
“We are extremely pleased to be joining forces with Neptune-Benson,” said Robert Lawson, founder and CEO of Lawson Aquatics. “The market synergies inherent in the combination of our two organizations will allow us to provide the best collaborative service and technology available in the commercial aquatics industry.”
