Balboa Water Group
Fundamental commitment to the leisure water industry to provide a simple, comprehensive, single source solution.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
$219m Valuation: $219m | Acquisition | ||
| Total Funding | 000k | ||
Founded in 1979, Balboa Water Group (BWG) operates as a global supplier of components for the leisure water industry, specifically focusing on portable spas, jetted baths, and other wellness products. The company was acquired by Helios Technologies in November 2020 for $218.5 million, a strategic move to expand Helios's electronic controls division. Before this acquisition, BWG was held by private equity firm AEA Investors.
BWG functions as a business-to-business (B2B) entity, serving a broad client base of over 500 original equipment manufacturers (OEMs) and distributors across 47 countries. Its business model is centered on providing a comprehensive, single-source solution for critical spa and bath components. This approach allows its clients, which include prominent names like Jacuzzi and Master Spas, to streamline their operations and supply chains. The company’s primary manufacturing and design facilities are located in Baja California, Mexico, and San Diego, California, with European operations managed from Denmark.
The company's product portfolio is extensive, featuring electronic control systems, pumps, heaters, jets, blowers, and related accessories. These components are engineered for performance, durability, and energy efficiency. A key area of their product development is in user interface and connectivity, offering touchscreen controls and mobile app integration that allow OEMs to differentiate their products. For instance, the recently launched SpaTouch4™ is an advanced display panel for the spa market. The company also has a focus on water management technology, such as the Purezone™ system, which uses optical technology to automate the monitoring of water chemistry via a mobile app.
Keywords: spa components, hot tub controls, jetted bath parts, hydrotherapy technology, leisure water industry, electronic control systems, spa pumps, water wellness solutions, OEM supplier, bath accessories, spa manufacturing, electronic interfaces, water management, pool and spa equipment, fluid technology, wellness technology, system controls, custom components