Company type | Private |
---|---|
Founded | 1995 |
Headquarters | Boca Raton, Florida, United States |
Key people | Rodger Krouse (co-CEO) Marc J. Leder (co-CEO) |
Products | Private Equity Funds |
Website | www.suncappart.com |
Sun Capital Partners, Inc., is an American private equity firm specializing in leveraged buyouts.[1] Sun Capital was founded in 1995 by Marc J. Leder and Rodger Krouse, former classmates at the Wharton School of the University of Pennsylvania and investment bankers at Lehman Brothers.[1][2]
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, The Wall Street Journal reported that Sun Capital had returned more than 18 times its investment in Critical Flow Solutions after doubling the portfolio company's earnings in less than two years.[6] Sun originally formed Critical Flow in 2015 in a corporate carveout of three business units from Curtiss-Wright Corporation.[7] The Wall Street Journal subsequently reported that Sun Capital's sale of Admiral Petroleum Co. and Lemmen Oil Co. returned 1,530 times Sun Capital's original investment.[8]
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]