Home | Manufacturers | Rooftop Pools – A Higher Degree of Difficulty
Rooftop pools and spas are a frequently requested amenity for discerning commercial clientele. While notoriously difficult to design, fabricate and install; the demand for rooftop water features has only increased over the past few decades. Consequently, there are few companies taking on projects of the level of scale and complexity as Diamond Spas.
Owners Stephanie & Tom Bennett started the company back in 1996 with an initial focus on custom baths. Quickly they began to attract attention with their product line. By 1999 they began manufacturing swimming pools, spas, and custom water features. Fast forward to today and Diamond Spas have become one of the elite manufacturers in the industry.
Known for their stunning rooftop pools, their products can be found in the most affluent hotels, commercial buildings, high-end homes, and yes; even mega-yachts. To get a better understanding of why Diamond Spas has become a preferred choice for rooftop pools, we met with Design Manager – Mitch Martinek.
Quite often, Martinek is the point person on the project working with customers, as well as builders, architects, and engineers. Consequently, he has personally been involved in the design and execution of numerous rooftop pool and spa projects over the course of his career.
“Some of the rooftop pool installations of note that we’ve collaborated in include the Yellow Stone Club in Big Sky, Montana, the Atlantic Residence for Post Brothers, and Woodward Lofts in St. Louis, just to name a few,” said Martinek.
A post shared by Yellowstone Club (@yellowstoneclub)
In the course of our discussion, Martinek let us know the reasons why consumers might opt for a stainless steel vessel when planning a rooftop pool project.
“When you’re dealing with rooftop installations, weight is definitely a factor,” said Martinek, “you’re able to get a larger water surface area using a lightweight shell like a stainless steel vessel as opposed to a heavier concrete gunite vessel.”
Weight and stress factors are crucial issues in rooftop swimming pools. There are risks to placing water above any structure. The framework must support the weight of the water as well as the pool itself. Martinek, let us know that this is one of the primary reasons many consumers opt for a stainless steel vessel when building a rooftop pool.
“A stainless steel vessel allows for a larger body of water with more features and more capacity than you’d get with your typical concrete gunite rooftop pool installation,” said Martinek.
Movement in the ground and depreciation of building fabrication are the most common causes of building and substructure movement. Concrete pools are vulnerable due to their rigidity and propensity to crack. When compared to concrete, stainless steel provides a higher degree of durability and enables for watertight welded manufacturing.
Martinek explained that rooftop pool installations can be tricky due to access issues. When planning a pool installation project, obviously time is of the issue. Many consumers opt for a prefabricated pool that can be installed in one piece thereby reducing the amount of time and money spent on-site during construction.
“One of the benefits of our process is we build everything here. We can be working in parallel with the on-site construction avoiding delays while the pool is being fabricated at our facility,” said Martinek.
A key reason that commercial consumers might opt for an off-site pool manufacturing process is the ease of integration and an abbreviated installation time. “We crane it right into position right on the rooftop,” said Martinek.
Given that rooftops create a higher degree of difficulty, it serves to reason that even though the process is easier in terms of time and installation, just getting the product onto the roof can be 90% of the job. The logistic problem of craning the vessel into place is one that Martinek is all too familiar with. Particularly on projects that have custom and unique requirements.
“I’m working on a current project right now in Sandpoint, ID. It’s a high-end condo, new build. One of the complexities there is that the pool was an afterthought. It’s a rooftop combination pool and spa. They already had set design parameters as far as the foundational slab that it could go on but they wanted to expand on that. We had to find a new way to do our framing to work with their current on-site rooftop conditions. There were degrees of complexity as far as point loading on top of their existing structure, and to get the size of the vessel they wanted.”
Despite the difficulties, that condo project is slated for completion this summer will have tenants living in the building by next year. While primarily known for their stainless steel vessels, Diamond Spas has quickly been building a reputation for acrylic vessels as well.
“Acrylic is becoming the new fad,” said Martinek, “it’s a new way of showcasing the vessel at the residence; whether it’s a high rise with a bottom acrylic viewing window or side viewing window. We can even do infinity edge acrylics, really the sky’s the limit.”
“We’ve come up with our own proprietary way of mechanically fastening these acrylic windows so we can install them at our facility on-site so that no extra installation is needed once the vessel is set. This provides the customer with the peace of mind that the vessel is leakproof and done right,” said Martinek.
“One large acrylic project we worked on was the GuestHouse at the Dream Hotel in New York City,” said Martinek, “definitely an extensive design phase and coordination with their team as far as the bottom viewing acrylic and then all of the surrounding finishes with a spiral staircase, acrylic window on the top with the wood surround. That was definitely a unique project.”
GuestHouse at Dream Downtown from Dream Hotels on Vimeo.
“Each project presents its own unique set of challenges and its own way of viewing,” said Martinek, “acrylic presents a different way of enjoying your spa, your pool and your water features. It gives you insight into the water, and then at night time, it becomes another great feature with the lighting interior and exterior of your pool really shines through that acrylic and brings out the finish of the stainless steel or copper.”
Many rooftop pools we see these days are part of an overall design plan that incorporates the pool as well as other outdoor living amenities such as a sauna and spa. A trend that Martinek acknowledged has been developing with many clients. “A lot of the higher-end builds are adding a sauna, spa and cold plunge in their gym or master bathroom suites.”
Bringing the outdoors indoors is another popular trend Diamond Spas has incorporated into many new projects. Consequently, there has also been a shift towards incorporating elements of hot and cold therapy. “We’re seeing a lot of indoor spas, cold plunges for commercial and residential use,” said Martinek.
With a bevy of material options to choose from these days, the look and stylized aesthetic for rooftop pools can be as unique as the design itself. The fact that Diamond Spas provides all of these selections and the expertise and support to ensure a flawless installation makes it clear why they are consistently recognized as a leading manufacturer of rooftop pools and spas.
Listen to our entire discussion with Mitch Martinek of Diamond Spas on the Pool Magazine podcast.
Featured Photo Credit: Diamond Spas – Post Brothers / The Atlantic Building, Philadelphia, PA. Photographer – Basel Almisshal
PoolCorp Acquires Pinch A Penny
Editor in Chief of Pool Magazine - Joe Trusty is also CEO of PoolMarketing.com, the leading digital agency for the pool industry. An internet entrepreneur, software developer, author, and marketing professional with a long history in the pool industry. Joe oversees the writing and creative staff at Pool Magazine. To contact Joe Trusty email [email protected] or call (916) 467-9118 during normal business hours. For submissions, please send your message to [email protected]
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[…] original article can be found here […]
This month we’ve seen a blizzard of high-profile acquisitions. Recently, PoolCorp agreed to buy Porpoise Pool & Patio Inc. and its primary operating companies, Pinch A Penny Inc. and Sun Wholesale Supply Inc.
The entire specifics of the agreement were not disclosed.
With approximately 260 independently owned and run franchised stores in Florida, Texas, Louisiana, Alabama, and Georgia, Pinch A Penny Inc. is a large franchisor of pool and outdoor living-related specialty retail stores in the United States. Sun Wholesale Supply Inc. sells mostly to Pinch A Penny franchisees and is a wholesale distributor of swimming pool and outdoor living products, as well as a specialty chemical packaging facility.
“I understand it will take some time for things to set in.I’m still processing it myself,” John Thomas, president and CEO of Porpoise Pool & Patio Inc., told associates in a memo. “Pinch A Penny has been an integral part of my life for 47 years. I’ve spent the past 30+ years of my adult life leading our company, so, I understand that processing this information will take some time,” he said.
Fred Thomas, a traveling salesman, originally started Pinch A Penny in 1974 when his son John was just eight years old. By 1995, John Thomas had been named president of Pinch A Penny, and he has overseen the company’s expansion.
“This acquisition secures a stronger future for our companies. And, it puts our business in alignment with an excellent strategic partner in our industry, one which can create greater success for everyone,” the memo from Thomas reads. “In short, it is the right time for Pinch A Penny to start a new chapter, and for my family to step aside and allow Pinch A Penny to become something more.”
Porpoise Pool & Patio’s well-established client base, distribution capabilities, chemical packaging operation, operational success, and the “growth-oriented Pinch A Penny brand” were all highlighted by PoolCorp. (Nasdaq/GSM: POOL) executives in making the transaction.
In a statement, PoolCorp. president and CEO Peter D. Aryan said, “The addition of the Pinch A Penny franchise network to PoolCorp.’s North American distribution business brings substantial growth and operating synergies for both existing independent retail customers and independent franchisees.”
According to The Tampa Bay Business Journal, Pinch A Penny had $387.3 million in revenue in 2020 and 2,775 workers. PoolCorp., based in Covington, is the largest wholesale distributor of swimming pool and garden items in the world. The company operates 410 sales centers across North America, Europe, and Australia, and distributes around 200,000 items to almost 120,000 wholesale customers.
Pool Corp has been concentrating on revenue growth. It is growing into new geographic areas, expanding in existing markets, and launching new product categories that are expected to increase its market share. In order to achieve this, the corporation has attempted to expand through various acquisitions. In February, September, and December 2020, the company completed three acquisitions: Master Tile Network, Northeastern Swimming Pool Distributors, and TWC Distributors. Jet Line Products, Inc. was bought in October 2020, giving the corporation three facilities in New Jersey, three in New York, two in Texas, and one in Florida. Pool Corp is also absorbing TWC Distributors, bringing the total number of sales locations in Florida to nine.
The company has launched ten new locations so far this year. In the third quarter of 2021, Pool Corp also conducted two strategic buyouts. In June and April of 2021, Vak Pak Builders Supply, Inc and Pool Source, LLC, respectively, were purchased. Acquisitions provided 5% to quarterly sales growth and 7% to year-to-date performance in the third quarter.
The global covid-19 pandemic brought about many changes in the pool industry. Currently, there is shortage of many essential parts and supplies for swimming pools. More aspiring pool owners are getting disappointed by the day. Manufacturers have enormous backlogs of pending orders. But why has their been such dramatic and sudden slow-downs of inground pool construction during the height of the season? One of leading causes among fiberglass builders this season has been slow delivery of shells which has a direct correlation to ongoing resin shortages.
As mentioned earlier, there has been a delay in pool construction due to a shortage of fiberglass resin material. As a result, the prices of liquid vinyl ester resin and fiberglass have significantly gone up. Subsequently, many fiberglass manufacturers are turning down shell orders amid the high demand for fiberglass pools nationwide and a lack of raw materials to facilitate orders.
Pool Magazine received word from numerous builders that they had been notified by Latham that shell deliveries would be delayed up to 8 weeks because of ongoing shortages. We reached out to America’s largest manufacturer of fiberglass inground pools to see how they are handling the ongoing resin shortage.
“Latham’s manufacturing facilities remain open and operational.”said Crist Leigh Wunsch, spokesperson for Latham, “Homeowner interest in our products is stronger than ever, and our teams are working hard to meet the increased demand. We are facing intermittent raw material shortages, along with the rest of our industry, which has resulted in some temporary manufacturing inefficiencies at our facilities.”
“We have been leveraging our strong relationships with our suppliers to navigate this issue,” continued Wunsch, “and we have looking at alternative resin sources to continue to diversify our supply chain. Despite this, Latham continues to deliver solid growth. The strong underlying secular trends of our industry remain intact, and we feel well positioned to continue to meet growing consumer demand for pools.”
Kent Wooldridge, president of the United Marine Manufacturers Association, says, “Indisputably, it is extremely painful to turn down orders from loyal clients. Telling pool owners that they have to halt their businesses just because you cannot supply them with the required raw materials is hard. Even worse, you cannot refer them to another person who can offer them the appropriate raw materials. In addition, those who have these materials sell them at crazy prices.”
“The majority of suppliers are overburdened by the fiberglass shortage. The winter storms that damaged the chemical plants producing resin were therefore a big disaster.”
Usually, the United States is responsible for producing only a tiny fraction of fiberglass cloth. The country mainly relies on affordable fiberglass supplies from China. However, since Trump’s administration, there have been obstacles preventing the smooth import process. In particular, since 2018, a 25% import tariff was placed on fiberglass cloth and resin. This discouraged most manufacturers from importing fiberglass. On the flip side, Chinese manufacturers raised their export prices.
In 2020, the coronavirus outbreak made the supply chain worse due to travel restrictions. The lockdown also forced Chinese chemical plants to shut down. At the same time, there was increased demand for pool construction services since most homeowners were looking for ways to upgrade their backyards.
This year, the winter storm in Texas disoriented a broad spectrum of activities in the pool industry. The freezing weather conditions forced the chemical manufacturing plants in Houston to shut down. Moreover, the storm forced Hexion Inc and Olin Corp., the biggest epoxy producers, to stop operating.
Manufacturers report that once they finally get a truckload of resin, it doesn’t stick around very long. It’s already earmarked for a back-order. In fact, in most instances, all the resin coming in has already been pre-sold. This has been the situation for the past few months.
Kirk Sullivan, a Florida pool builder, had to refund 250 orders due to the fiberglass resin shortage. Sullivan says that he received very few supplies this year during the summer. Therefore, his company has been unable to continue taking new pool construction orders. Fortunately, all his staff members are still at work, hoping for things to get better.
Regional manager, Todd Prestage, says, “Before, it used to take approximately six weeks to get a Surf Hardware International Board. Now, it takes six months.”
Several fiberglass manufacturers have tried solving this issue by importing a more significant percentage of raw materials from Asian countries that don’t incorporate high import tariffs. But they still find themselves raising their prices due to all the labor and shipping costs involved. Consumers, on the flip side, have no other choice but to pay more.
Other than taking longer to reach consumers, prices for resin have skyrocketed. Consequently, very few pool companies are finding it easy to adjust. One Latham Grand Dealer we spoke to said, “The resin shortage is making it more difficult for smaller companies like ours to get shells and obviously it’s been costing us all sales. The big guys are fortunate since they have guaranteed delivery based on their order flow”
One thing is for absolute certain, as the summer begins to wind down, this industry certainly has it’s work cut out toward improving the supply chain issues that have hindered so many this pool season.
Latham announced its intentions to go public. Will begin trading under “SWIM” stock symbol…
A new pool corporation will be listed on the stock exchange very soon and it’s a name we all know well. Latham – The Pool Company™, filed a notice with the Securities and Exchange Commission announcing its intention to sell its common stock in an initial public offering.
Under the ticker symbol SWIM, the Latham Group has applied to list its stock on the Nasdaq Global Select Market. Complete details about the offering and it’s terms are not yet known at this time.
The news of Latham’s intention to go public comes a month after Hayward, one of the “Big 3” manufacturers, made a similar announcement.
Latham, The Pool Company™, as it is now known was formerly known as Latham Pool Products.
Latham’s private equity partners, Pamplona Capital Management and Wynnchurch Capital, will hold more than 50% of the voting power of the company’s outstanding common stock, rendering the Latham Group a controlled company excluded from some corporate governance provisions.
Latham outlined a strategy to increase the overall market share of fiberglass among inground pools, change how customers access the company’s products, improve distribution capabilities across the United States, and expand internationally while discussing the company’s strengths and benefits.
With a new emphasis on direct digital and social-media marketing, backed by a demand-aggregation platform, Latham has made serious inroads to market directly to consumers. Consequently, this has enabled them to feed more pool leads to their dealer base. According to Latham, the company delivered over 45,000 customer leads to its dealer base in 2020, the first year the plan was fully implemented. According to the group, this represents a 210% increase from 2019.
The company also referenced it’s size, claiming that its network of nine fiberglass pool factories and distribution centers allows it to supply fiberglass pools to 95 percent of the US population within just 48 hours.
Latham has increased its market share in the fiberglass pool industry over time by purchasing a number of existing manufacturers. Three recent transactions were mentioned in their IPO application. Latham believes this will help it position itself well in the future.
The acquisition of Narellan, an Australian fiberglass pool manufacturer with operations in Canada and New Zealand, in 2019 bolstered the company’s foreign presence. According to Latham, foreign markets account for 19% of its revenue, with Canada, Australia, and New Zealand having the most representation. According to Latham, the company is still on the lookout for emerging markets.
At the very least, the Narellan acquisition is expected to help Latham extend its footprint in North America by increasing fiberglass penetration. Narellan, as Australia’s largest manufacturer of fiberglass pools, played a key role in the increased acceptance of fiberglass over the last two decades in Australia, where the segment now accounts for 70% of the pool industry, according to Latham.
“Leveraging insights gained from Narellan, we are investing to build the tools required to drive higher fiberglass penetration in the North American market,” Latham said.
It also mentioned that the acquisition of vinyl-liner and safety-cover manufacturer GLI in October 2020 has expanded its offerings in those categories.
In October, the company entered into a long-term strategic relationship with Premier Pools & Spas, acquiring a 28 percent equity stake in the pool-construction franchise. The company said, “The purpose of this investment in Premier Pools & Spas is to help expand our sales and distribution channels,”
In the future, it intends to form more strategic alliances with dealerships. “We believe these exclusive relationships will continue to enable us to increase market share at the expense of the fragmented and regional universe of competitors,” Latham said.
In North America, Australia, and New Zealand, Latham claims to be the largest builder, manufacturer, and marketer of in-ground residential swimming pools. It claims to have 32 locations, hiring over 2,000 people, and selling more than 8,700 fiberglass pools in the United States in 2020.
Although “net income does not adhere to this trend.” said Latham, 2020 represented the 11th consecutive year of net sales growth and adjusted EBITDA margin expansion. According to the group, net revenues were $403.4 million in 2020 and net income was $16.0 million.
Last year, vinyl liners accounted for 20% of Latham’s sales, covers for 21%, and fiberglass and vinyl-lined pools for the remaining 80%. The remaining 59%, according to the company, came from fiberglass units.
Featured Photo Credit: Albany Business Review
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