Sun Capital Partners
Marc J. Leder (co-CEO) | |
Products | Private Equity Funds |
---|---|
Website | www.suncappart.com |
Sun Capital Partners, Inc., is an American
History
Sun Capital originally formed Emerald through a corporate carveout of food ingredients and industrial specialties divisions of Lubrizol.[3]
In 2015, Sun Capital sold Point Blank Enterprises.[4] Sun Capital originally assembled Point Blank's assets through bankruptcy auction processes.[5]
In 2016,
PitchBook subsequently reported that Sun Capital had sold Aclara Technologies for $1.1 billion after acquiring the smart infrastructure systems provider for $130 million in 2014, sponsoring four add-on acquisitions, and helping quadruple earnings during the investment period.[9]
In 2019, PE Hub reported that Sun Capital sold Horizon Group Holdings.[10]
In 2021, Sun Capital Completed Sale of AMES Taping Tools,[11] Dreams,[12] Stonepoint Materials,[13] Arrow Tru-Line [14] and Sharps.[15]
In 2021, Sun Capital acquired Exadel,[16] Century Distribution Systems,[17] LoanLogics,[18] EIS Holdings,[19] Sports & Leisure Group,[20] Fletchers Group,[21] ASG,[22] Bellrock [23] and TTSI. [24]
In 2022, Sun Capital completed sales of C&K, [25] Tru-Lite,[26] and Allied Glass. [27]
In 2022, Sun Capital acquired TENAX, [28] DD Group, [29] Andersen Commercial Plumbing,[30] Fresh Origins. [31]
In 2023, Sun Capital completed sales of Smokey Bones[32] and O&S Doors. [33]
In 2023, Sun Capital acquired K3 Capital,[34] Anderson Business Advisors,[35] MegaGroup, [36] and Kovalus Separation Solutions. [37]
Select investments
- 2003: Sun Capital Partners acquired bagel chain Mackie Designs.[39]
- 2005: Sun Capital Partners acquired Creekstone Farms.[40]
- 2005: Sun Capital Partners acquired Exopack, but following the purchase of additional international companies,Coveris.[42]
- 2006: Sun Capital completed 33 transactions (both portfolio and add-on acquisitions), among which was Indianapolis, Indiana, the owner/operator of 128 supermarkets/food stores, and 400 Village Pantry convenience stores, among other divisions.[43]
- 2006: Sun Capital Partners acquired Big 10 Tire Stores.[44]
- 2006: Sun Capital Partners acquired Del Monte Canada which it then sold it to ConAgra Foods in 2012.[45]
- 2007: Sun Capital acquired majority stake in L Brands in 2007 and the rest in 2010. They wrote off the investment and closed stores in 2017.[46]
- 2007: Sun Capital Partners acquired Restaurants Unlimited Inc for an unspecified amount.[47]
- 2007: Sun Capital Partners acquired Friendly's for $337.2 million, selling it to Amici Partners Group in 2021.[48]
- 2008: Sun Capital Partners completed 26 transactions, including a majority interest in Gordmans, a department store chain headquartered in Omaha, Nebraska.[49]
- 2008: Sun Capital Partners acquired Frontier Spinning Mills.[50]
- 2008: Sun Capital Partners acquired Kellwood.[51]
- 2008: Sun Capital Partners acquired Neckermann, one of the leading European mail-order companies. Sun Capital Partners refused to fund the restructuring of Neckermann in 2012, resulting in bankruptcy.
- 2010: Sun Capital Partners acquired
- 2011: Sun Capital completed 33 transactions, including investment in Bruegger's Bagels,[38] which was acquired by Groupe Le Duff and Big 10 Tires which was acquired by Pep Boys.
- 2012: Sun Capital completed 30 transactions, including Strauss Innovation, a Germany-based home furnishing and apparel retailer, American Golf UK clothing retailer
- 2012: Sun Capital acquired S&N Communications.[59]
- 2013: Sun Capital completed eighteen acquisitions, eight exits, and two IPOs. Some transactions include: Johnny Rockets was sold to Sun Capital Partners in 2013.[60] A majority stake in food packaging company Paragon Print and Packaging was also acquired by Sun Capital Partners in 2013.[61]
- 2014: Sun Capital completed the acquisitions of ADTI, Aclara, and Robertshaw. Sun Capital exited Wabash, Farfield Companies, Certified Power, Cornerstone, Manoir Aerospace, Emerald Performance Materials, DBA Apparel[62] and Chicago Leisure.
- 2015: Sun Capital completed the Critical Flow Solutions, Flabeg, Flexitech, and Flamingo Horticulture acquisitions. Sun Capital exited Point Blank, VPS, Fazoli's, Vari-Form, Hickory Farms, Polestar, and LOUD Technologies, Inc.
- 2015: Sun Capital sold Point Blank to JLL Partners.[63]
- 2016 Sun Capital Partners exited Kellwood Company, Admiral,[64] Critical Flow Solutions[65] and Innocor.[66]
- 2016: Sun Capital Partners acquired Furniture Factory Outlet (then known as FFO Home).[67][68]
- 2017: Sun Capital Partners acquired BWGS,[69] Arrow Tru-Line,[70] Horizon Services,[71] AMES Taping Tools,[72] and C&K Holdings.[73]
- 2017: Sun Capital Partners sold Creekstone Farms to Marubeni Corp.[74] and NextPharma to CapVest.[75]
- 2018: Sun Capital Partners acquired ClearChoice Holdings,[76] Afriflora[77] and ESIM Chemicals.[78]
- 2018: Sun Capital Partners sold Aclara,[79] Robertshaw,[80] Albéa[81] and Demilec.[82]
- 2019: Sun Capital Partners sold Horizon Services.[83]
- 2019: Sun Capital Partners sold Rebecca Taylor and Parker fashion brands to Vince. Sun Capital Partners also owns 75% of Vince.[84]
- 2020: Sun Capital sold ClearChoice Dental Implant Center.[85]
- 2020: Sun Capital Partners Foundation Donates $300,000 to South Florida Charities[86]
- 2020: Sun Capital sold FFO Home to Franchise Group.[87][88]
- 2021: Sun Capital formalized its Focus on Tech Investment Vertical and Acquired its First Tech Deal, Exadel.[89][90]
- 2021: Sun Capital acquired Century Distribution Systems [91]
- 2021: Sun Capital completes Second Technology Investment, LoanLogics.[92]
- 2021: Sun Capital acquired EIS Holdings,[93] Sports & Leisure Group,[94] Fletchers Group,[95] ASG,[96] Bellrock, [97]and TTSI.[98]
- 2022: Sun Capital sold C&K,[99] Tru-Lite,[100] and Allied Glass.[101]
- 2022: Sun Capital acquired TENAX, [102] DD Group,[103] Andersen Commercial Plumbing,[104] and Fresh Origins.[105]
- 2023: Sun Capital sold Smokey Bones,[106] and O&S Doors.[107]
- 2023: Sun Capital acquired K3 Capital, [108] Anderson Business Advisors,[109] MegaGroup,[110] and Kovalus Separations Solutions.[111]
References
- ^ a b "In a Romney Believer, Private Equity's Risks and Rewards". New York Times. Retrieved August 24, 2020.
- ^ "Interview With Sun Capital's Rodger Krouse". Privcap. Retrieved August 24, 2020.
- ^ "Lubrizol Sells Ingredients Businesses to Private Equity". Food Ingredients First. Food Ingredients First. Retrieved November 16, 2020.
- ^ "Sun Capital shines in buying, fixing and selling firms". Baltimore Sun. Baltimore Sun. Retrieved November 16, 2020.
- ^ "Affiliate of Sun Capital Partners, Inc. Completes Sale of Point Blank Enterprises, Inc". Sun Capital Partners. Sun Capital Partners. June 2015. Retrieved November 16, 2020.
- ^ Kreutzer, Laura (October 13, 2016). "Sun Capital Returns More Than 18-Times Its Money on Critical Flow Sale". Wall Street Journal. WSJ. Retrieved November 16, 2020.
- ^ "Affiliate of Sun Capital Partners Completes Sale of Critical Flow Solutions for $210 Million". Sun Capital Partners. Sun Capital Partners. October 13, 2016. Retrieved November 16, 2020.
- ^ Kreutzer, Laura (December 8, 2016). "Kreutzer's Take: How Sun Capital Turned a Mini Deal Into a Mammoth Multiple". Wall Street Journal. Retrieved August 24, 2020.
- ^ "Sun Capital to exit Aclara for $1.1B". PitchBook. PitchBook. Retrieved November 16, 2020.
- ^ "Sun Capital sells Horizon". PE Hub. PE Hub. November 13, 2019. Retrieved November 16, 2020.
- ^ Pringle, Sarah (November 5, 2021). "Sun Capital Partners sells AMES to GMS for $212.5m". PE Hub. Retrieved October 17, 2023.
- ^ Latham, Mark. "Sun European to sell mattress retailer Dreams for $475m". www.penews.com. Retrieved October 17, 2023.
- ^ "Sun's Return Rock Solid on Sale of StonePoint". peprofessional.com. Retrieved October 17, 2023.
- ^ "Sun Capital Affiliate Completes Sale of Arrow Tru-Line". Bloomberg.com. September 21, 2021. Retrieved October 17, 2023.
- ^ Evans, Vicki (June 29, 2021). "Bedroom furniture manufacturer Sharps sold". kbbreview. Retrieved October 17, 2023.
- ^ Inc, Exadel (March 9, 2021). "Sun Capital Partners Affiliate Acquires Exadel". Medium. Retrieved October 17, 2023.
{{cite web}}
:|last=
has generic name (help) - ^ "Sun Capital Partners Affiliate Completes Corporate Carve-Out Transaction, Acquires Global Supply Chain Leader, Century". Bloomberg.com. June 2, 2021. Retrieved October 17, 2023.
- ^ "Sun Capital Partners Affiliate Acquires LoanLogics, Leading Digital Mortgage Solutions Provider". www.businesswire.com. July 7, 2021. Retrieved October 17, 2023.
- ^ "EIS Holdings and Sun Capital Partners Transaction | William Blair". www.williamblair.com. Retrieved October 17, 2023.
- ^ "Sun European Partners affiliate has acquired Sports & Leisure Group". Lincoln International LLC. Retrieved October 17, 2023.
- ^ Houghton, Tom (October 27, 2021). "Fletchers Solicitors acquired as firm set to be taken to 'next level'". Business Live. Retrieved October 17, 2023.
- ^ Dorbian, Iris (October 21, 2021). "Sun Capital acquires ASG". PE Hub. Retrieved October 17, 2023.
- ^ Bellrock (November 2, 2021). "Bellrock secures new ownership with Sun European Partners LLP". Bellrock Property & Facilities Management Limited. Retrieved October 17, 2023.
- ^ Eakins, Sarah (January 14, 2022). "Sun Capital Partners Affiliate Acquires Total Transportation Services". Total Transportation Services (TTSI). Retrieved October 17, 2023.
- ^ "Sun Capital Partners Affiliate Agrees to Sell C&K for $540 Million". www.businesswire.com. April 8, 2022. Retrieved October 30, 2023.
- ^ Huff, Joshua (November 1, 2022). "Trulite Acquired by Truelink Capital". USGlass Magazine & USGNN Headline News. Retrieved October 30, 2023.
- ^ "Sun Capital Partners Affiliate Agrees to Sell Allied Glass". www.businesswire.com. November 2, 2022. Retrieved October 30, 2023.
- ^ "Sun Capital Partners Affiliate Acquires TENAX". Bloomberg.com. May 31, 2022. Retrieved October 30, 2023.
- ^ "Sun European acquires DD Group in carve out from IDH | Unquote". www.unquote.com. May 23, 2022. Retrieved October 30, 2023.
- ^ "Seaside Equity Partners has sold Andersen Commercial Plumbing to Sun Capital Partners". Lincoln International LLC. Retrieved October 30, 2023.
- ^ "Sun Capital Affiliate Completes Acquisition of Fresh Origins". Bloomberg.com. January 19, 2023. Retrieved October 30, 2023.
- ^ "FAT Brands acquires Smokey Bones Barbecue for $30 million". Nation's Restaurant News. September 25, 2023. Retrieved October 30, 2023.
- ^ "Rubicon Partners acquires O&S Doors from Sun European Partners". Real Deals. Retrieved October 30, 2023.
- ^ "Sun European Partners to buy K3 Capital in deal valued at about $330 mln". Reuters. December 15, 2022. Retrieved October 30, 2023.
- ^ "Sun Capital Partners Affiliate Completes Investment in Anderson Business Advisors". Yahoo Finance. March 14, 2023. Retrieved October 30, 2023.
- ^ Joseph, Irien (March 16, 2023). "Sun European Partners to buy MegaGroup". PE Hub Europe. Retrieved October 30, 2023.
- ^ "Sun Capital Partners affiliate acquires Koch Separation Solutions, rebrands business to Kovalus Separation Solutions". RELCO. October 24, 2023. Retrieved October 30, 2023.
- ^ a b "How the Sun heated up bagel chain Bruegger's". Fortune. Retrieved March 20, 2017.
- ^ Benzuly, Sarah. "Sun Capital Infuses Mackie". MIX. Future plc. Retrieved January 4, 2019.
- ^ "Creekstone Farms broadens its market". kansas. Retrieved March 20, 2017.
- ^ Johnson, Jim. "Coveris grows through acquisitions with an eye toward smart fits - Plastics News". Plastics News. Retrieved March 20, 2017.
- ^ "Coveris continues to grow with new equipment". Retrieved March 20, 2017.
- ^ "Marsh hires Price Chopper executive as chairman, CEO". Retrieved March 20, 2017.
- ^ Staff, Tire Business. "BREAKING NEWS: Pep Boys buys Big 10 Tire Stores - Tire Business". Tire Business. Retrieved March 20, 2017.
{{cite news}}
:|first=
has generic name (help) - ^ a b "ConAgra Foods acquires Del Monte Canada - Canadian Packaging". Canadian Packaging. January 18, 2012. Retrieved March 20, 2017.
- ^ "The Limited owner almost doubles investment, but closing all stores". January 6, 2017.
- ^ Richman, Dan (March 28, 2007). "Restaurants Unlimited of Seattle is sold to Florida investment firm". Seattle Post-Intelligencer. Retrieved August 30, 2019.
- ^ Lockyer, Sarah E. (June 25, 2007). "Sun Capital offers to pay $337.2M to scoop up Friendly's". Nation's Restaurant News. Retrieved September 9, 2023.
- ^ Star, Lincoln Journal. "Gordmans celebrating 100 years". Fremont Tribune. Retrieved March 28, 2016.
- ^ "David Finnigan: Cotton Industry Provides Intriguing Investment Opportunities for Private Equity - PE Hub". PE Hub. January 19, 2012. Retrieved March 20, 2017.
- ^ "kellwood names jill granoff ceo". www.bizjournals.com. Retrieved March 20, 2017.
- ^ a b "Dutch retail chain V&D declared bankrupt". Reuters. December 31, 2015. Retrieved January 7, 2020.
- ^ "The Scooter Store secures financing for growth". www.bizjournals.com. February 2, 2011. Retrieved January 7, 2020.
- ISSN 0099-9660. Retrieved December 29, 2019.
- ^ "Southfield's Fluid Routing Solutions acquired by Park-Ohio Industries". Crain's Detroit Business. March 6, 2012. Retrieved December 29, 2019.
- ^ "One Equity Acquires Sonneborn From Sun | Chemical & Engineering News". cen.acs.org. Retrieved December 29, 2019.
- ISSN 0099-9660. Retrieved December 29, 2019.
- ISSN 0099-9660. Retrieved December 29, 2019.
- ^ "Today's Transactions:
Sun Cap Snaps Up S&N Communications". Mergers & Acquisitions. Retrieved March 20, 2017. - ^ Luna, Nancy (June 18, 2013). "O.C.-based burger chain Johnny Rockets sold". The Orange County Register. Retrieved June 18, 2013.
- ^ "Paragon Print and Packaging Completes Investment Deal with Sun Capital Partners". Paragon Print and Packaging. Archived from the original on January 7, 2014.
- ^ "HanesBrands Completes Acquisition of DB Apparel and Increases Full-Year Earnings Guidance | Hanesbrands Inc". ir.hanesbrands.com.
- ^ Pounds, Marcia Heroux. "Point Blank, bullet-proof vest maker, sold in Pompano Beach". Sun-Sentinel.com. Retrieved March 20, 2017.
- ^ "Sun Capital exits Admiral - PE Hub". PE Hub. November 16, 2016. Retrieved March 20, 2017.
- ^ "Affiliate of Sun Capital Partners Completes Sale of Critical Flow Solutions for $210 Million". www.businesswire.com. Retrieved March 20, 2017.
- ^ "Bain Capital Private Equity to buy Innocor from Sun Capital - PE Hub". PE Hub. December 14, 2016. Retrieved March 20, 2017.
- ^ "Sun Capital sees significant expansion ahead for latest acquisition". Retrieved March 20, 2017.
- ^ Magsam, John (February 12, 2016). "Sun Capital arm buys Arkansas-based FFO". Arkansas Online. Retrieved January 14, 2023.
- ^ "Sun Capital acquires BWGS - PE Hub". PE Hub. January 4, 2017. Retrieved March 20, 2017.
- ^ "Affiliate of Sun Capital Partners Acquires Garage Door Hardware Manufacturer Arrow Tru-Line, Inc". Retrieved March 20, 2017.
- ISSN 0099-9660. Retrieved March 20, 2017.
- ^ "Sun Capital buys AMES - PE Hub". PE Hub. September 18, 2017. Retrieved September 19, 2017.
- ^ "European Affiliate of Sun Capital Partners Acquires Electromechanical Switch Maker C&K Holdings". Retrieved February 8, 2018.
- ^ "Sun Capital exits Creekstone Farms - PE Hub". PE Hub. July 20, 2017. Retrieved July 26, 2017.
- ^ "Sun European Partners affiliate to sell NextPharma". Private Equity Wire. June 29, 2017. Retrieved February 8, 2018.
- ^ "south florida private equity firm- acquires dental clinique". www.bizjournals.com. Retrieved February 8, 2018.
- ^ Riordan, Darragh (December 20, 2017). "KKR sells rose grower Afriflora to Sun European Partners - Real Deals". Real Deals. Retrieved May 23, 2018.
- ^ Langworth, Hannah (May 14, 2018). "Sun European acquires agricultural chemicals maker ESIM from Ardian". Real Deals. Retrieved July 3, 2018.
- ^ "Sun Capital to Sell Aclara Technologies for $1.1 Billion". Retrieved February 8, 2018.
- ISSN 0099-9660. Retrieved March 15, 2018.
- ^ "PAI Partners acquires Albéa from Sun Capital - PE Hub". PE Hub. March 29, 2018. Retrieved May 23, 2018.
- ^ "Sun Capital closes $350M Demilec exit | PitchBook". Retrieved May 23, 2018.
- ^ McNulty, John (November 14, 2019). "Sun Sells Horizon to New Mountain". Private Equity Professional. Retrieved December 6, 2019.
- ^ Dhani, Mau. "Vince Acquires Rebecca Taylor and Parker - Fashionista". fashionista.com. Retrieved October 23, 2020.
- ^ "Affiliate of Sun Capital Agrees to Sell ClearChoice". www.businesswire.com. November 16, 2020.
- ^ "Sun Capital Partners Foundation Donates $300,000 to South Florida Charities". Sun Capital Partners, Inc. | Private Equity Firm. December 2, 2020.
- ^ Engel, Clint (November 5, 2020). "FFO Home files for bankruptcy". Home News Now. Retrieved January 26, 2023.
- ^ Engel, Clint (December 29, 2020). "Franchise Group completes FFO Home purchase". Home News Now. Retrieved January 26, 2023.
- ^ "Sun Capital Partners Affiliate Acquires Exadel, a Founder-Owned Software Development Leader Focused on Digital Transformation". Sun Capital Partners, Inc. | Private Equity Firm. March 4, 2021.
- ^ "Sun Capital Partners Affiliate Acquires Exadel". Exadel. March 5, 2021.
- ^ "Sun Capital Partners Affiliate Completes Corporate Carve-Out Transaction, Acquires Global Supply Chain Leader, Century Distribution Systems". Sun Capital Partners, Inc. | Private Equity Firm. June 2, 2021.
- ^ "Sun Capital Partners Affiliate Acquires LoanLogics, Leading Digital Mortgage Solutions Provider". Sun Capital Partners, Inc. | Private Equity Firm. July 7, 2021.
- ^ "EIS Holdings and Sun Capital Partners Transaction | William Blair". www.williamblair.com. Retrieved October 30, 2023.
- ^ Oldenkotte, Guy (July 16, 2021). "Sun European new owner of SLG". Retrieved October 30, 2023.
- ^ Houghton, Tom (October 27, 2021). "Fletchers Solicitors acquired as firm set to be taken to 'next level'". Business Live. Retrieved October 30, 2023.
- ^ "Sun Capital Partners Affiliate Completes Acquisition of Select Interior Concepts, Changes Name to Architectural Surfaces Group". www.businesswire.com. October 21, 2021. Retrieved October 30, 2023.
- ^ Bellrock (November 2, 2021). "Bellrock secures new ownership with Sun European Partners LLP". Bellrock Property & Facilities Management Limited. Retrieved October 30, 2023.
- ^ Eakins, Sarah (January 14, 2022). "Sun Capital Partners Affiliate Acquires Total Transportation Services". Total Transportation Services (TTSI). Retrieved October 30, 2023.
- ^ "Sun Capital Partners Affiliate Agrees to Sell C&K for $540 Million". www.businesswire.com. April 8, 2022. Retrieved October 30, 2023.
- ^ Huff, Joshua (November 1, 2022). "Trulite Acquired by Truelink Capital". USGlass Magazine & USGNN Headline News. Retrieved October 30, 2023.
- ^ "Sun Capital Partners Affiliate Agrees to Sell Allied Glass". www.businesswire.com. November 2, 2022. Retrieved October 30, 2023.
- ^ "Sun Capital Partners Affiliate Acquires TENAX". Bloomberg.com. May 31, 2022. Retrieved October 30, 2023.
- ^ "Sun European Partners, LLP: DD Group Acquires Leading European Dental Distribution Platform DPI". Yahoo Finance. July 4, 2023. Retrieved October 30, 2023.
- ^ "Sun Capital Partners Affiliate Acquires Andersen Commercial Plumbing". www.businesswire.com. July 13, 2022. Retrieved October 30, 2023.
- ^ Dorbian, Iris (January 19, 2023). "Sun Capital buys microgreens and edible flowers grower Fresh Origins". PE Hub. Retrieved October 30, 2023.
- ^ "Johnny Rockets Owner FAT Brands Buys BBQ Chain Smokey Bones From Sun Capital". Bloomberg.com. September 25, 2023. Retrieved October 30, 2023.
- ^ "Rubicon Partners acquires O&S Doors from Sun European Partners". Real Deals. Retrieved October 30, 2023.
- ^ "Sun European Partners to buy K3 Capital in deal valued at about $330 mln". Reuters. December 15, 2022. Retrieved October 30, 2023.
- ^ "Sun Capital Partners Affiliate Completes Investment in Anderson Business Advisors". Bloomberg.com. March 14, 2023. Retrieved October 30, 2023.
- ^ "MegaGroup to be acquired by Sun European affiliate to guide MegaGroup to the next growth phase". Nimbus. Retrieved October 30, 2023.
- ^ "Sun Capital Partners affiliate acquires Koch Separation Solutions, rebrands business to Kovalus Separation Solutions". RELCO. October 24, 2023. Retrieved October 30, 2023.