Richmond, VA- April 10, 2026:
Turning Basin Capital Partners, LLC, (“TBC”) announced today that it has completed the sale of Commercial Energy Specialists Holdings, LLC (dba “Aquafinity”) to Heritage Pool Supply Group, Inc. (“Heritage”), one of the largest and fastest growing pool supply distributors in the United States. Terms of the agreement were not disclosed.
Headquartered in Jupiter, FL, Aquafinity was formed in April 2021 by TBC, in partnership with industry veteran Alvaro Mendoza and co-investor, Vigeo Investments, as a platform for acquiring and operating service-supported distributors of water treatment equipment and related supplies to the commercial and institutional recreational aquatics market. Through the combination of six leading regional distributors the Company now operates seven locations serving 20 states from the Sunbelt to the Pacific Northwest and employs a team of more than 170 people. Jeffrey Meyer (CEO) will continue to lead Aquafinity’s dedicated team, ensuring continuity and consistency for customers, suppliers, and employees.
Alvaro Mendoza, founder of CES and Aquafinity, commented, “In 2021, we chose TBC as our partner to build the first national service-supported distribution platform in the commercial pool market over a range of suitors, due to their approach to building value and their understanding of our integrated service and distribution model. I am incredibly proud of the business that we have constructed together. This is an exciting milestone for our collective team and a powerful step toward the future. Partnering with Heritage opens many new doors for growth, career opportunities for our team, and ultimately long-term value for our customers. I am excited about the opportunities ahead and honored to continue supporting the industry we all care so deeply about in this next chapter.”
Tom Willingham, Managing Director of TBC, added, “We are excited and grateful for the opportunity to work with Al, Jeff and the team to achieve this outcome for Aquafinity. This transaction represents a great result for our investors, an incredible opportunity for the company’s leadership and employees, and a perfect continuation of the legacies of the six companies that comprise Aquafinity.”
Jeffrey Meyer, CEO of Aquafinity, added, “We are honored to announce our partnership with Heritage, which represents a promising new chapter for Aquafinity. Heritage shares our values, our commitment to excellence, and our dedication to taking care of our people and serving our customers with passion and integrity. By joining forces, we gain access to the logistics and delivery capabilities across Heritage’s growing coast-to-coast network of branches. Together, we will be able to elevate the level of service and support we collectively provide to the commercial aquatics industry. On behalf of the entire Aquafinity team, we are eager to start this next chapter together and we couldn’t be more excited about the journey ahead.”
About Aquafinity
Aquafinity was formed in April 2021 by Turning Basin Capital and Vigeo Investments in partnership with Alvaro Mendoza, the founder and CEO of Commercial Energy Specialists of Jupiter, FL (“CES”). The Company is comprised of six operating companies: CES, Knorr Systems Int’l of Santa Ana, CA, Duffield Aquatics of Anderson, SC, Aquatic Environmental Systems of Tempe, AZ, Aquatic Specialty Services of Seattle, WA, and Buckeye Aquatics of Cedarville, OH, each with a long history and strong reputation for expertise and service in their respective markets. Aquafinity is a pioneer and leading provider of Service Supported Distribution (SSD®) of water treatment systems, utilizing its differentiated Q5® Water Quality Management Program and remote monitoring capability to provide complete solutions designed to ensure health and safety, energy and water efficiency, and quality standards for its clients’ facilities.
About Turning Basin Capital
Turning Basin Capital is a private equity firm with a unique focus on lower middle market companies that offer products or services to address critical needs in a wide range of industrial, commercial, infrastructure and energy markets. TBC invests in companies that create value by addressing complex environmental, health and safety, energy efficiency and regulatory challenges and opportunities. TBC provides equity capital to fund growth initiatives and to facilitate ownership transition for entrepreneurial service providers, manufacturers and distributors that are well-positioned to capitalize on market opportunities in these rapidly changing sectors.
For more information, visit www.turningbasin.com.