Canada-based pool and spa accessory and control system manufacturer, Gecko Alliance Group has announced that NEXCAP Partners has acquired a majority share in the company.
NEXCAP Partners is an investment banking group based out of Quebec, Canada. According to Gecko, this transaction confirms and reinforces the company’s position as a world leader in the design and manufacturing of control systems, keyboards, pumps and accessories for the hot tub industry.
The company’s cofounders, Benoit Laflamme and Michel Authier, say they will continue to be involved in the Gecko’s strategic development and shall remain shareholders. Additionally, four key members of the executive committee have also become shareholders in this new venture.
The executive team will remain in place with the following changes: Georges Marchildon, vice president of manufacturing operations, will now serve as CEO, while Gregory McConnell, vice president of commercial operations, will now serve as chief revenue officer. Gecko’s management, sales, delivery and support teams will remain in place.