SPS PoolCare Expands with Pool Troopers Acquisition
SPS PoolCare expands its reach with the acquisition of Pool Troopers, now serving over 42,000 weekly clients across 19 markets.
This transaction merged the top two companies on the 2025 PSN and Jandy Top 50 Service list.
The purchase marked SPS’s 191st acquisition and considerably broadened its scope. According to the company, they now cater to over 42,000 weekly clients across 19 markets in five states.
Strategic Alliance
Lance Martin, CEO/COO of SPS, emphasized the strategic alignment between the two entities. He remarked, “We had the rare opportunity to take the top two companies in the industry, which run similar strategies, and pull them together.” Martin believes this union fortifies both organizations, benefiting investors, employees, and clients alike.
Formerly owned by Shoreline Equity Partners, Pool Troopers will now operate under SPS, backed by the Storr Group. Balance Point Capital provided the necessary debt financing for the transaction.
Expansion and Growth
This merger increases SPS’s earning potential by approximately 65%. In 2024, SPS reported $87 million in service revenue, while Pool Troopers generated $57 million. Together, they achieved $157 million in 2025.
The acquisition is expected to expedite SPS’s expansion into key Florida markets, including Tampa, Orlando, and Jacksonville. Both companies already had a strong presence in the sunbelt region, with overlapping coverage in several Florida and Texas cities.
In 2025, the pool and spa service industry was dominated by a few key players. The top four consolidators, including SPS and Pool Troopers, significantly outsized the remaining 46 firms on the PSN list.
Integration and Upcoming Initiatives
Integration efforts are ongoing, with many Pool Troopers locations retaining their branding. Martin assured that local service teams, including administrative staff, will remain in place. He stated, “It’s business as usual, even after integration.”
While some Pool Troopers executives are departing, others will remain. The acquisition also enhances SPS’s position in the commercial market, where Pool Troopers had a stronger presence, generating $14.1 million in commercial service revenue in 2024 compared to SPS’s $4.3 million.
Pool Troopers’ headquarters will serve as a secondary base, with some corporate staff staying on-site. Despite the scale of this acquisition, SPS intends to maintain its aggressive acquisition strategy, with Martin stating, “The M&A side will not be slowing down.”
Acquisition Details and Financial Backing
Shoreline Equity Partners, the previous owner of Pool Troopers, remains a minority shareholder in the combined company. SPS PoolCare received financial support from Storr Group and debt capital from Balance Point Capital for the acquisition.
