BMP has acquired Arctic Spas Kitchener to expand its market presence and drive growth in the premium hot tub industry.

Target Information

Besties Management Partners Inc. ("BMP") has successfully acquired Arctic Spas Kitchener ("Arctic Spas"), with the transaction closing in June 2025. Arctic Spas, founded in 2012, is headquartered in Ontario and specializes in the sale and service of premium hot tubs and accessories. Under the ownership of James R. Becker and Siu Ying Poon, the business has expanded from a single showroom in Kitchener to multiple locations, including London and Princeton, enhancing its regional footprint.

Industry Overview in Ontario

The hot tub and spa industry in Ontario has experienced substantial growth over the last decade, driven by increasing consumer interest in wellness and recreational outdoor experiences. With a growing trend toward home-based entertainment and relaxation, the market for premium hot tubs has particularly thrived. The demand for high-quality products, along with comprehensive customer service, has created a competitive landscape for businesses in this sector.

Moreover, the province's focus on improving leisure facilities and expanding outdoor amenities has further boosted the market for companies like Arctic Spas. As lifestyles evolve, consumers are prioritizing personal wellness, resulti