SADDLE BROOK, N.J., June 30 — O2 Investment Partners (www.o2investment.com) is pleased to announce that through its pool care platform Azureon, it has made an investment in and partnered with Pooltek Services (“Pooltek”), a Rockville, MD based company (https://www.pooltek.com/). Terms of the investment were not disclosed.
Pooltek was founded in 1986 by Ed and Gail Kessler working out of their family home in Bethesda, Maryland. Their goal was to create a pool service company that provided a higher quality of personal attention and technical knowledge, setting itself apart from the competitors. In 1999, son Jeff Kessler graduated from Davidson College and took over operations of the company, expanding the company to its current Rockville location, and bringing in the concept of “One Company for All Your Needs” by taking on tile, coping, plaster, and deck projects as well as maintenance and repairs. Five years later, brother Kevin joined after completing his time at the University of Maryland and guided the expansion of the service department to its current twenty-four full service vehicles.
Pooltek marks Azureon’s 12th acquisition as the platform expands its footprint to the DMV (DC, Maryland, Virginia) region. Kyle Chaikin, Chief Business Development Officer at Azureon, commented, “The Pooltek team is incredibly impressive and runs a great operation that maintains prominence throughout the DMV. We are thrilled to welcome Pooltek to the Azureon platform as we continue to build a category-defining pool care platform.”
Pooltek will maintain significant ownership in the Company, and will immediately have access to significant operational support, resources, and technology from Azureon and its executive leadership team.
Jeff Kessler, President of Pooltek, commented, “We are thrilled to join the Azureon team to pursue new avenues of growth together while continuing to provide our customers with the highest standard of pool care.”
John Tisera, CEO at Azureon, said, “Jeff and Kevin Kessler are talented operators, and we look forward to partnering with them and the Pooltek team as we continue expanding our footprint and coverage throughout the Northeast and Mid-Atlantic.”