Azureon Expands Northeast Coverage with Acquisition of Pelican Pools
January 2025
Newark, New Jersey
O2 Investment Partners is pleased to announce that through its pool care platform Azureon, it has made an investment in and partnered with Pelican Pools (“Pelican”) a Southampton, NY based company (www.pelicanpoolsinc.com). Terms of the investment were not disclosed.
Founded in 1988, Pelican is a full-service pool maintenance and construction company that provides residential pool installation, renovation, maintenance and other services to customers in the Hamptons, NY area.
Pelican marks Azureon’s first acquisition since partnering with O2 Investment Partners in June 2024. The platform continues to pursue a targeted expansion strategy throughout the Northeast US. John Tisera, CEO of Azureon, commented, “We are excited to welcome the Pelican team to Azureon. This partnership represents a significant milestone for Azureon and is consistent with the platform’s mission of becoming a market leader in pool care. Pelican increases our ability to continue to provide high quality pool service capability and expanded coverage throughout the attractive Hamptons area. We are thrilled to broaden our group of world-class pool operators by bringing Jim O’Brien and his team to the platform.”
Pelican will continue to retain its brand and operate under its existing leadership as part of Azureon, and continue to maintain significant ownership in the platform. Pelican will immediately have access to ample operational support, resources, and technology from the Azureon platform and its executive leadership team.
“We are delighted to partner with the Azureon team to help improve the pool industry and provide the highest quality service to customers,” said Jim O’Brien, President of Pelican. “We appreciate O2 for embracing our strategic vision and are honored to work with Azureon to build on the platform’s goal of industry leadership, and look forward to reaching new heights in the pool care industry together.”
Kyle Chaikin, Chief Business Development Officer at Azureon, commented, “Pelican Pools’ commitment to high-quality pool service with differentiated capabilities in the Hamptons area is an excellent fit with our established expansion strategy at Azureon, and will help the platform achieve its long-term goals. We are excited to welcome Jim and his team to Azureon and look forward to continuing toward our ambition of building the market leader in pool care.”
About Pelican Pools
Founded in 1988, Pelican is a full-service pool maintenance and construction company that provides residential pool installation, renovation, maintenance and other services to customers in the Hamptons, NY area. Pelican has met the pool service needs of customers throughout the Hamptons and greater Long Island area for over 36 years. Pelican’s mission is to provide unparalleled quality and craftsmanship in the service and design of its pools.
About Azureon
Azureon is a leading provider of pool care services in the United States. With six locations across two states, Azureon provides a comprehensive suite of services, including pool maintenance, repair, upgrades, renovations, and design/build solutions to customers across the Northeast.
About O2 Investment Partners
O2 Investment Partners is a Midwestern-based private equity firm that seeks to invest in lower middle-market services, technology, and select industrial companies. The firm invests in businesses with earnings growth potential and a clear path to creating shareholder value. O2 invests to partner with management to build and grow the business and take it to its next stage of development. This requires a clear vision and strategic plan to create shareholder value, close partnership, and alignment of interest with management.
For additional information, please visit www.o2investment.com.