PALM CITY, Fla., Dec. 07, 2015 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTCPink:SWMM) (PINKSHEETS:SWMM) the Florida based pool & spa industry aggregator today announced it has signed a definitive agreement to acquire all the assets of Lighthouse Pool Supply Inc. and Sundook’s Advanced Pool Services LLC. Closing is scheduled for January 4, 2016.
CPSM has agreed to purchase the assets of Stuart, FL based Sundook’s Advanced Pool Services LLC and their sister company, Lighthouse Pool Supply Inc. for cash and stock. The total value of the transaction will not exceed $215,000. The final total will be determined post-closing following an audit of the customer accounts.
Lighthouse Pool Supply, Inc. was founded in 2008 and Sundook’s Advanced Pool Services LLC was formed in 2010. Both companies are managed by Gail M. Sundook and serve the Martin County, FL community. Lawrence Calarco, Chairman of CPSM, Inc. stated, “Lighthouse and Sundook are both solid, reputable companies. This acquisition is well timed as it will complement our move to the new headquarters location and infill some of the areas CPSM is not currently serving in Martin County. CPSM will be able to offer these new customers a broader range of services and products. This transaction will be an immediate benefit to all parties.”
CPSM, Inc. is a publicly held company serving the surging pool/spa maintenance, design, and construction industry in Florida.
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