InvestIndustrial and Nottingham-Spirk Design Associates, Inc. entered into a definitive agreement to acquire Jacuzzi Brands LLC from Apollo Global Management, LLC (NYSE:APO), Ares Management LLC and Clearlake Capital Group, L.P. on January 14, 2019. Under the terms, InvestIndustrial will acquire a majority stake while Nottingham-Spirk will acquire a minority stake in Jacuzzi Brands. Jacuzzi Brands had sales of around $500 million in 2018. The transaction is subject to customary regulatory approval. The transaction is expected to be completed by the end of March 2019. As on January 22, 2019, the transaction is expected to close in first quarter of 2019. Moelis & Company acted as financial advisor to Jacuzzi Brands LLC. Gary Silverman and Frank Lupinacci of White & Case LLP acted as legal advisor to InvestIndustrial. O’Melveny & Myers LLP acted as legal advisor to Jacuzzi.