Hayward Bundle
Who Owns Hayward Holdings, Inc.?
Understanding Hayward Holdings, Inc.'s ownership is key to its strategy and influence. Its IPO on March 12, 2021, significantly reshaped who holds stakes in the company.
Tracing Hayward's ownership reveals its journey from a founder-led business to a publicly traded entity, impacting its market approach and product development, such as advancements in Hayward BCG Matrix.
As of July 30, 2025, Hayward Holdings, a company established in 1925, boasts a market capitalization of $3.34 billion. For the fiscal year 2024, the company reported net sales of $1,051.6 million, with a notable 47% increase in net income, reaching $118.7 million. This performance underscores its robust market standing as it celebrates its 100th anniversary in 2025.
The ownership structure of Hayward Holdings, Inc. has evolved considerably since its founding. Initially a privately held entity, the company's transition to a public company through its IPO in March 2021 marked a significant shift. This event introduced a broad base of public shareholders, alongside potentially significant stakes held by institutional investors and private equity firms that may have been involved prior to the IPO.
While specific current ownership percentages for individual institutional investors are subject to change and regulatory filings, the IPO process typically involves the sale of shares to the public. This means that a substantial portion of the company is now owned by its shareholders, who collectively influence its direction through their investment decisions and voting rights.
Who Founded Hayward?
Hayward Holdings, Inc. began its journey in 1925, established by Irving M. Hayward. This early venture was a manufacturing operation based in Hartford, Connecticut, focused on delivering practical engineering solutions. While the initial capital and funding sources are not detailed, the company's foundation was built on a strong emphasis on quality and customer satisfaction.
Founding Year
The company was founded in 1925, marking the beginning of its long operational history.
Founder
Irving M. Hayward is recognized as the founder of the company, establishing its initial operations.
Initial Location
The company's origins are rooted in Hartford, Connecticut, where it began as a manufacturing outfit.
Early Focus
During its formative years, the company concentrated on developing pump and filtration solutions.
Core Values
Key values established early on included a strong commitment to quality craftsmanship and customer satisfaction.
Product Development
The company's small team focused on rigorous testing and incremental innovation to improve product efficiency and durability.
During its early stages, Hayward Holdings concentrated on creating pump and filtration systems. The company grew its market presence through consistent, rigorous product testing and a strategy of continuous, incremental innovation. The team of engineers and technicians was dedicated to enhancing the efficiency and longevity of their products. Information regarding initial equity distribution, early investors such as angel investors, friends, or family who acquired stakes, or specific agreements like vesting schedules or buy-sell clauses from this period is not extensively documented in publicly available records. There is also no readily available information concerning early ownership disputes or buyouts during this initial phase of the company's history. Understanding the Competitors Landscape of Hayward can provide context for its early market positioning.
Early Business Operations
The company's initial operations were centered around manufacturing practical engineering solutions, specifically focusing on pump and filtration technologies.
- Founded in 1925 by Irving M. Hayward.
- Located in Hartford, Connecticut.
- Focused on pump and filtration solutions.
- Emphasized quality craftsmanship and customer satisfaction.
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How Has Hayward’s Ownership Changed Over Time?
Hayward Holdings has experienced a dynamic ownership journey, transitioning from private to public ownership through a series of acquisitions and a significant management buyout. These shifts have shaped its corporate structure and market presence.
| Acquisition/Event | Year | Ownership Change |
|---|---|---|
| Acquisition by Novo Industrial Corporation | 1964 | Became part of Novo Industrial Corporation |
| Acquisition by British conglomerate | 1986 | Acquired by a British conglomerate |
| Management Buyout led by Oscar Davis | 1994 | Returned to private ownership |
| Acquisition by Pamplona Capital Management | 2017 | Acquired by Pamplona Capital Management |
| Initial Public Offering (IPO) | March 12, 2021 | Became a publicly traded company (Ticker: HAYW) |
Hayward Holdings, Inc. became a publicly traded entity on March 12, 2021, with its IPO priced at $17.00 per share on the New York Stock Exchange under the ticker symbol 'HAYW'. This offering successfully raised approximately $684.7 million by selling 40,277,778 shares of common stock. As of April 2025, a substantial number of institutional investors, totaling 562, have reported their holdings through SEC filings (13D/G or 13F), collectively owning 265,320,911 shares. Prominent among these shareholders are Vanguard Group Inc, BlackRock, Inc., and Fmr Llc, with Vanguard Fiduciary Trust Co. and Victory Capital Management Inc. also listed as significant stakeholders. The company's 2024 Annual Report, filed on February 29, 2024, stated that there were 214,316,986 shares of common stock outstanding as of February 27, 2024. By March 29, 2025, this number had slightly increased to 216,204,137 shares of common stock outstanding.
Major Shareholder Activity
Significant changes in Hayward Holdings' shareholder structure have occurred, notably impacting the concentration of ownership. These shifts reflect evolving investment strategies among major stakeholders.
- In September 2024, MSD Aqua Partners, LLC, an affiliate of MSD Partners, L.P., distributed its entire stake in Hayward Holdings to its partners and members.
- Prior to this distribution, as of August 1, 2024, MSD's holdings represented approximately 30% of the company's common stock outstanding, totaling 65,003,866 shares.
- Following the distribution, MSD-affiliated entities retained about 3% of the company's common stock, indicating the conclusion of their investment fund's activity.
- These adjustments in major shareholdings can influence market perception and potentially affect the company's strategic direction and governance.
- Understanding these ownership dynamics is crucial for investors looking at Revenue Streams & Business Model of Hayward.
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Who Sits on Hayward’s Board?
The leadership of Hayward Holdings, Inc. is structured with Kevin Holleran serving as President and Chief Executive Officer since August 2019, while Stephen Felice holds the position of non-executive Chairman of the Board. This separation of roles defines the current executive and oversight framework.
| Director Name | Term End |
|---|---|
| Ronald Keating | 2028 Annual Meeting |
| Lawrence Silber | 2028 Annual Meeting |
| Edward Ward | 2028 Annual Meeting |
| Lori Walker | |
| Diane Dayhoff | |
| Kevin Brown | |
| Arthur Soucy |
Each share of Hayward's common stock carries one vote on all matters presented to stockholders, with no provisions for cumulative voting. Director elections are decided by a plurality of votes cast. Special stockholder meetings can be convened by the Board's chairperson, a majority board resolution, or the Secretary upon the request of holders representing 50% or more of the outstanding common stock, contingent on specific 'Sponsors' holding a majority of the shares. Directors may be removed for cause by a 75% vote of outstanding shares entitled to vote, unless a 'Trigger Date' has passed, after which a majority vote suffices. There is no public record of recent proxy fights or activist investor actions impacting Hayward Company ownership.
Understanding Voting Power at Hayward Holdings
Voting rights are tied to common stock ownership, with each share granting one vote. The ability to call special meetings and remove directors is subject to specific thresholds and conditions related to sponsor ownership.
- One vote per common share.
- No cumulative voting rights.
- Special meetings require specific sponsor or board approval.
- Director removal rules vary based on sponsor control.
- Understanding Brief History of Hayward can provide context on current ownership structures.
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What Recent Changes Have Shaped Hayward’s Ownership Landscape?
In the last 3-5 years, Hayward Holdings has seen significant changes in its ownership structure, moving from private to public status. By April 2025, major institutional investors like Vanguard Group Inc., BlackRock, Inc., and Fmr Llc held substantial stakes, reflecting a broad investor base.
| Major Institutional Holders (as of April 2025) | ||
| Vanguard Group Inc. | BlackRock, Inc. | Fmr Llc |
A key event in September 2024 was the distribution of MSD Aqua Partners, LLC's entire stake in Hayward Holdings to its partners. Previously, MSD held approximately 30% of the company's common stock as of August 1, 2024. Post-distribution, MSD-affiliated entities retained about 3% of the outstanding common stock.
Financial Performance Highlights
For fiscal year 2024, net sales increased by 6% to $1,051.6 million. Net income saw a substantial 47% rise to $118.7 million, with Adjusted EBITDA growing by 12% to $277.4 million.
Q2 Fiscal Year 2025 Update
In the second quarter of fiscal year 2025, net sales grew 5.3% to $299.60 million. Net income increased by 19.2% to $44.80 million, indicating continued positive momentum.
Fiscal Year 2025 Outlook
The company projects fiscal year 2025 net sales between $1.060 billion and $1.100 billion. Adjusted EBITDA is anticipated to range from $280 million to $290 million.
Leadership and Financing
May 2024 saw new executive appointments to bolster leadership. In June 2025, the ABL Credit Agreement was amended, extending the maturity date to February 25, 2028, and reducing fees, thereby improving financing terms. Understanding the Marketing Strategy of Hayward can provide further context on their operational focus.
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