Bow River Capital Completes Strategic Investment in Westport Pools and Progressive Commercial Aquatics to Form Landmark Aquatic

Bow River Capital ("Bow River") announced today the combination of Westport Pools (“Westport”) and Progressive Commercial Aquatics (“Progressive”) to form Landmark Aquatic (the “Company”), the nation's leading provider of  comprehensive commercial pool services. 

By leveraging the experience and history of two commercial aquatics industry leaders, both Westport and  Progressive, through the unified trade name, Landmark Aquatic, will offer a comprehensive range of aquatic facility  services, including design and engineering, construction, maintenance, renovation, and chemical supply to  customers across the country. The combination has created a full-service aquatic services provider with the unique  ability to work with engineers, architects, general contractors, and owners to provide the “wow factor” that guests  expect while balancing cost, function, form, efficiency, and ease of operations. Going forward, Landmark Aquatic will  continue to serve municipal, education, and private club clients, and the consolidated enterprise is supported by a  workforce of highly skilled, well-trained professionals committed to safety and best-in-class service. 

“Our two companies share core values and a vision for the future that align perfectly. We both prioritize safety, quality,  customer satisfaction, and a commitment to excellence. Built upon these core values, this combination positions us  to make a profound impact on communities through aquatics. By joining forces, we gain the capacity to build and  service more pools, which means we can extend our reach to create healthier and happier communities through  exceptional pool and waterpark solutions nationwide,” said J. Ryan Casserly, Chief Executive Officer of Landmark  Aquatic. 

“We are thrilled to announce this industry-changing merger, which marks a transformative moment in our company's  history. This strategic partnership not only enhances our capabilities and geographic reach but also accelerates our  commitment to growth and delivering unparalleled quality to our loyal customers. Together, we are poised to redefine  what's possible in commercial aquatics and better support our growing client base,” added Russell Leto, President  of Landmark Aquatic.

With over 40 years of experience, Progressive Commercial Aquatics has been recognized for its innovative approach towards delivering exceptional aquatic facilities across the country. Westport Pools, a highly reputable company  known for its exceptional design and construction of stunning swimming pools, holds extensive expertise in creating  luxurious aquatic spaces. 

By combining the strengths of these two entities, Landmark Aquatic will revolutionize the commercial aquatics  market by providing customers with a turnkey experience. From the initial design concept to the ongoing chemical  delivery, Landmark Aquatic’s complete range of services will ensure a seamless, hassle-free experience for clients  nationwide. The Company’s commitment to quality and dedication to customer satisfaction matches Bow River’s  vision of providing top-notch services in the commercial aquatics sector. 

Bow River Managing Director, Greg Hiatrides, stated, “The unification of Westport and Progressive into Landmark  Aquatic strengthens both businesses and provides the market with a one-stop-shop for any and all commercial  aquatic needs. These two businesses were purpose-built to be together. The leadership teams have assembled a  terrific workforce with a fantastic reputation, and we look forward to continuing our journey with the Landmark team.” 

As part of the transaction, the existing equity owners at Progressive and Westport will retain a meaningful ownership  stake in the Company and will continue to lead the consolidated organization on a go-forward basis.

About Landmark Aquatic: Landmark Aquatic brings together Progressive Commercial Aquatics and Westport Pools to create a national platform offering innovative aquatic solutions from design and build to  maintenance, repair, and renovation. For more information, please visit www.landmarkaquatic.com. 

About Bow River: Bow River Capital is a private alternative asset manager based in Denver, Colorado, focused  on investing in the lower middle market in multiple asset classes, including private equity, private credit, real estate,  and software growth equity. Collectively, the Bow River Capital team has deployed capital into diverse industries,  asset classes, and across the capital structure. For more information, please visit www.bowrivercapital.com.