CCMP Capital Advisors and MSD Partners have agreed to acquire pool equipment manufacturer Hayward Industries Inc. The target's management team will keep a stake in the company. Alberta Investment Management Corp. is also investing in the deal.

Hayward, based in Elizabeth, New Jersey, makes pumps, heaters, cleaners, flow control products and lighting for commercial and residential pools. The company also has a presence in Europe and Australia. Financial terms of the deal were not disclosed. In other pool supply deals, earlier in 2017, L Catterton bought Leslie's from CVC Capital. In 2015, AEA Investors has acquired Balboa Water Group.

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