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Completed Transactions > Food, Beverage & Consumer Products/Services > Swing Kingdom Acquired By PennSpring Capital

Swing Kingdom Acquired By PennSpring Capital

Swing Kingdom

Date

May 2019

Region

Pennsylvania

We are pleased to announce the sale of our client, Swing Kingdom, LLC, to PennSpring Capital, LLC. The acquisition closed May 22, 2019 and details were not disclosed.

Located in Leola, Pennsylvania, Swing Kingdom is the nation's largest manufacturer of vinyl playground equipment. The company designs and builds the strongest vinyl kids’ swing sets on the market. Their goal is to always be innovative; manufacturing high-quality swing sets to meet the high standards of their customers.

The company’s children playsets and swing sets cater to nearly any budget, with flexible designs to fit most backyards. Swing Kingdom also has the widest range of vinyl swings, slides, and accessories for kids of all ages.

PennSpring Capital, located in Lancaster, Pennsylvania, is a progressive lower middle market private equity firm focused on companies with strong foundations and proven leadership, excelling within sizeable industries typified by high fragmentation. PennSpring has now made eight investments in the last ten months, including five majority investments. 

PennSpring unlocks liquidity and empowers growth. PennSpring is a people-forward investment firm focused on lower middle market opportunities, investing in dynamic firms and helping evolve them to institutional scale.

PennSpring's Partners are entrepreneurs with firsthand experience in growing and positioning businesses. PennSpring engages at a deep level and applies its experience to elevate its partners' businesses.

"We are proud to announce the acquisition of this quality company, right in our home base of Lancaster County, PA," said Lou Castelli, Managing Partner of PennSpring Capital.

"Swing Kingdom is one of the preeminent brands in youth recreation, and their skilled, seasoned team has captured significant market share of backyards across America through an effective distributor model. We will seek to preserve and enhance this channel, while opening Swing Kingdom to a new high-value institutional audience: SLED (state, local and education)."

"Leveraging our two decades as operators in SLED, we intend to increase revenue and margins through a new sales channel direct to Parks & Rec departments and K-12 schools nationwide."

Senior Managing Director Mergers & Acquisitions, Fred Zweifel with the support of Senior Vice President Julio Dominguez successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with Swing Kingdom.

"This is a great opportunity for Swing Kingdom to take advantage of the unique relationships PennSpring has developed over the years," stated Zweifel.

You can discover other transactions that we’ve supported in this industry by visiting our dedicated Consumer Services page.

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