Watsonās, one of the nationās largest retailers of home recreational products and furnishings, has announced the acquisition of Fort Myers, Fla.-based Recreational Warehouse ā a spa, pool, outdoor kitchen, and more, home specialty retailer.
The purchase of Recreational Warehouse further increases Watsonās market share in the space. Watsonās will add three Southwest Florida corporate locations (Fort Myers, Naples and Port Charlotte) to the companyās current corporate and franchise footprint of 27 locations.
āThe Florida market has been in our sights for quite some timeā, says Erik Mueller, CEO of Watsonās. āThe Recreational Warehouse people, culture, business model and longevity in their markets ended up being the right fit for us. We are excited to welcome the Recreational Warehouse team into the Watsonās family and continue to provide some fun and relaxation to the families and homes in Southwest Florida. We see an excellent opportunity for product category expansion within the business model and additional locations in the state."
āWeāre excited to join Watsonās! Our Recreational Warehouse team has built a great business in Southwest Florida over nearly 30 years. We viewed Watsonās as the perfect continuation for our business, and we are confident that the commitment and investment by Watsonās will provide even greater opportunities for our dedicated staff and our great customersā says Craig Ecelbarger, CEO Recreational Warehouse.
Recreational Warehouse will operate as a wholly-owned subsidiary of Watsonās, initially integrated as Recreational Warehouse by Watsonās, with a full transition to Watsonās branding over the next several years. Customers should expect to receive the same high quality of customer service and product they have come to expect from Recreational Warehouse and Watsonās.
Cincinnati based partners assisting in the acquisition included Katz Teller and Clark Schaefer. Terms of the deal were not disclosed.