Balance Point Backs AquaVerse Expansion in Pool Services Sector

The capital infusion supports AquaVerse’s dual-track growth strategy of organic expansion and strategic acquisitions. Led by CEO Josh Sevick, the company functions as an umbrella for regional pool service providers, offering centralized resources in technology, marketing, and talent development while allowing individual brands to retain their local identities. Balance Point’s investment, facilitated through its Partners VI and VII funds, marks a significant step in scaling the platform’s footprint across the Southeast.

Grant Groher, Senior Managing Director at Balance Point, cited the company’s strong market positioning and management expertise as key drivers for the partnership. For Trivest Partners, the move provides the financial flexibility required to target further consolidation within the fragmented residential services market. With approximately $2.4 billion in assets under management, Balance Point continues its focus on the lower middle market, targeting long-term partnerships with firms like the Miami-based Trivest, which oversees $6 billion in assets.