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SCP Distributors history
SCP Distributors company history timeline
The company was incorporated in the state of Delaware in 1993 as SCP Holding Corp.
However, its growth did not really start accelerating until after 1993, the year in which the company was purchased in a leveraged buyout by Code Hennessey & Simmons Limited Partnership (CH & S), a venture capital firm located in Chicago. It began pursuing that strategy in January 1994, when it acquired certain assets of Aqua Fab Industries, Inc., including eight service centers in the Midwest and southeast sections of the country.
1995-98: Going Public and Continued Expansion
In 1996, before SCP bought it, Pacific had revenues of $59 million, with a net profit of about $3 million.
In December 1997, it made a second public stock offering, issuing 1,350,000 shares of common stock for the primary purpose of raising funds for additional, already planned acquisitions.
In 1997, the success of SCP encouraged Code Hennessey & Simmons to sell off half its interest in the company, moving its venture capital elsewhere.
Expansion continued through 1998.
Among other achievements in 1998, SCP had broadened its geographical market range to Pennsylvania, New Jersey, New York, and New England, where, previously, it had lacked a presence.
St Romain retired early in 1999, when chairman Rusty Sexton succeeded him as CEO. Sexton also served briefly as interim president, the position to which Perez de la Mesa was almost immediately elected.
In 1999, the company also entered into a strategic partnership with Advanced Data Exchange, then called The EC Company.
In 1999, its net sales were approximately $6 million.
In August 2000, it acquired the assets of Superior Pool Products, Inc., a subsidiary of Arch Chemicals, Inc., a corporation headquartered in Norwalk, Connecticut.
As of February 2001, the company was distributing over 52,000 national brand and private label products to over 28,000 customers from its 160 service centers located in 35 states, the United Kingdom, and France.
At the end of 2018 after 20 years of leadership, Manny retired as President and C.E.O. and was named Vice Chairman of the Board.
© 2021 Pool Corporation.
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SCP Distributors may also be known as or be related to Palace Parcels, L.L.C., SCP DISTRIBUTORS LLC and SCP Distributors LLC.