Latham Group acquires Freedom Pools for $US17 million
The Nasdaq listed Latham Group (Nasdaq: SWIM) has acquired Australian fibreglass pool manufacturer and installer Freedom Pools.
The transaction was completed on February 26, 2026.
This makes Latham the largest designer, manufacturer and marketer of inground residential swimming pools in North America, Australia and New Zealand.
Latham Group had acquired Narellan Pools in 2019, another major Australian fibreglass pool manufacturer. The combination of the two manufacturers gives them national coverage in Australia, and enhances its ability to execute a direct-to-consumer strategy through Freedom’s display centres, where prospective customers can experience fibreglass pool models firsthand and receive expert guidance.
Narellan and Freedom will operate under a dual-brand strategy going forward.
The acquisition is expected to be immediately accretive to Latham’s earnings, adding approximately $US20 million in net sales and approximately $US4 million in adjusted EBITDA, on an annualised basis, before acquisition synergies. The purchase price was approximately $US17 million (approximately $AU24) and the transaction was fully funded with cash on hand.
Sean Gadd, president and CEO of Latham Group, says they are pleased to partner with such a highly regarded company as Freedom Pools.
“Their award-winning reputation reflects a deep commitment to product quality, innovation and service excellence – values that strongly align with those of Latham," he says.
“This transaction expands our presence in Australia and New Zealand – markets where fibreglass pools have a strong foothold and provides a strategic entry into new markets in Western Australia, including Perth – the fastest-growing city in the country.”
With more than 50 years of history, Freedom Pools is one of Australia’s longest standing and most highly awarded fibreglass pool builders. The company designs, manufactures, and exports a broad range of fibreglass pool models and spa products, with operations in Australia and New Zealand.
Freedom Pools operates manufacturing facilities in Perth, Adelaide and Brisbane, supported by display centres across Australia, while in New Zealand the company currently partners locally to deliver its extensive pool collections.
General manager Grant Craig - who is staying on at the helm of Freedom Pools - says that since their founding in the 1970s, Freedom Pools has been a pioneer in fibreglass pool manufacturing and has proudly grown into one of the leading players in the Australian and New Zealand markets.
“By leveraging Latham Group’s scale and experience, and given our shared commitment to delivering high-quality fibreglass pools, this partnership positions Freedom to enter its next phase of growth,” he says.
Latham Group Inc, headquartered in Latham New York, is the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand. In North America, Latham has a coast-to-coast operation consisting of approximately 1850 employees across approximately 30 locations.
IMAGE: Freedom Pools
