Spa, Pool & Hearth - April 2023

The CBB Group is pleased to announce the acquisition of Haven Spa, Pool & Hearth to Rafael Augusta of Cinnamon Bay, Inc.  Mr. Augusta will bring 10-year industry experience and new energy to the operation and continue the customer service that the customers have grown to expect.

The Company began over 40 years ago and has grown to several locations in Portland Metro, as well as having a highly regarded service & installation department, which is a unique competitive advantage., Company is a retailer that sells hot tubs, fireplaces, pools, chemicals, and other associated product lines to retail customers. In addition to the Company’s product line, the Company employs a group of tier one technicians who service and install all products they sell.

Rafael Augusta, President of Cinnamon Bay, Inc stated that “We are excited to complete the acquisition of Haven Spa, Pool & Hearth and help lead the business through its next phase of growth. Our management team has developed expansion plans to grow the footprint of the company south of Portland. We look forward to adding technology and more professionalized processes to the Company to take the company to the next stage.”

Bill Billingsley aided in negotiating the sale of the business, assisted in negotiating the purchase sell agreement and facilitated the closing.

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