Nick Martel

Two beautiful twins try to lure him into the whirlpool by forgetting their swimsuits. Or Jack, how about Scarface?

Two beautiful twins try to lure him into the whirlpool by forgetting their swimsuits. Or Jack, how about Scarface?

Two beautiful twins try to lure him into the whirlpool by forgetting their swimsuits. Or Jack, how about Scarface?

The company is building factories everywhere, from St. Louis to Toronto to Sao Paulo, and it's still a family business, employing a whole bunch of jacuzzis. And now, Jack, we should sprinkle on some context to the financials here because Jacuzzi is hitting sales numbers that are just surging at this moment. In 1974, Jacuzzi grossed $67 million in sales.

The company is building factories everywhere, from St. Louis to Toronto to Sao Paulo, and it's still a family business, employing a whole bunch of jacuzzis. And now, Jack, we should sprinkle on some context to the financials here because Jacuzzi is hitting sales numbers that are just surging at this moment. In 1974, Jacuzzi grossed $67 million in sales.

The company is building factories everywhere, from St. Louis to Toronto to Sao Paulo, and it's still a family business, employing a whole bunch of jacuzzis. And now, Jack, we should sprinkle on some context to the financials here because Jacuzzi is hitting sales numbers that are just surging at this moment. In 1974, Jacuzzi grossed $67 million in sales.

By 1999, that number has spiked to $650 million in sales. That's right. In 20 years, this company's grown 10x. And this might have been where we wrapped up our tale about Jacuzzi. It might have been. But there's a parallel story around this family business that we've held back on the towel rack until now. Jack, keep that speedo on.

By 1999, that number has spiked to $650 million in sales. That's right. In 20 years, this company's grown 10x. And this might have been where we wrapped up our tale about Jacuzzi. It might have been. But there's a parallel story around this family business that we've held back on the towel rack until now. Jack, keep that speedo on.

By 1999, that number has spiked to $650 million in sales. That's right. In 20 years, this company's grown 10x. And this might have been where we wrapped up our tale about Jacuzzi. It might have been. But there's a parallel story around this family business that we've held back on the towel rack until now. Jack, keep that speedo on.

So after years of tragedy, the Jacuzzi family is finally prospering. They can relax, hit the tub, crank up the jets. But there's one problem. The family is also fracturing. Candido, the devoted dad who created this entire product category to help his two-year-old sick son, he also gets indicted for tax evasion in 1969 and and is not so gently encouraged by the Jacuzzi board to retire. Brutal.

So after years of tragedy, the Jacuzzi family is finally prospering. They can relax, hit the tub, crank up the jets. But there's one problem. The family is also fracturing. Candido, the devoted dad who created this entire product category to help his two-year-old sick son, he also gets indicted for tax evasion in 1969 and and is not so gently encouraged by the Jacuzzi board to retire. Brutal.

So after years of tragedy, the Jacuzzi family is finally prospering. They can relax, hit the tub, crank up the jets. But there's one problem. The family is also fracturing. Candido, the devoted dad who created this entire product category to help his two-year-old sick son, he also gets indicted for tax evasion in 1969 and and is not so gently encouraged by the Jacuzzi board to retire. Brutal.

He moves abroad until medical issues force him back to the States, where he has to pay a couple hundred Gs in back taxes.

He moves abroad until medical issues force him back to the States, where he has to pay a couple hundred Gs in back taxes.

He moves abroad until medical issues force him back to the States, where he has to pay a couple hundred Gs in back taxes.

Jacuzzi has over 250 stakeholders. Board meetings are chaotic. I mean, every meeting is also a high stakes family reunion without the cool custom t-shirts and the trips to Disney World, Jack. Oh, and then there's this. Different family members have been suing each other for years over things like selling assets without proper notice. So the company's reserves are depleted.

Jacuzzi has over 250 stakeholders. Board meetings are chaotic. I mean, every meeting is also a high stakes family reunion without the cool custom t-shirts and the trips to Disney World, Jack. Oh, and then there's this. Different family members have been suing each other for years over things like selling assets without proper notice. So the company's reserves are depleted.

Jacuzzi has over 250 stakeholders. Board meetings are chaotic. I mean, every meeting is also a high stakes family reunion without the cool custom t-shirts and the trips to Disney World, Jack. Oh, and then there's this. Different family members have been suing each other for years over things like selling assets without proper notice. So the company's reserves are depleted.

They need cash to help fund future growth.

They need cash to help fund future growth.