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Hanley Wood, LLC, parent company of the International Pool & Spa Expo and Aquatics International, was acquired in July by private equity group J.P. Morgan Partners, LLC, an affiliate of J.P. Morgan Chase & Co.
The sale is the second largest business-to-business media transaction ever. The company was previously owned by another private investment firm, Veronis Suhler Stevenson, which purchased Hanley Wood in 1999.
Founder Mike Wood will step down as CEO, but will continue to serve as a member of the board of directors. The current Hanley Wood president, Frank Anton, will become the new CEO. No other personnel changes are expected.
"Our goal is to continue the dramatic growth that Hanley Wood has achieved during our partnership with ...
Source: HighBeam Research, Hanley Wood sold to J.P. Morgan Partners.(Brief Article)