Sun Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Sun Capital Partners has acquired 12 companies. It has also invested in 1 other.

Sun Capital Partners’ most common sectors for investment areretail (18%) and restaurants (9%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (45%) and secondary buyout (24%). In total, Sun Capital Partners has invested in 33 US states and 11 different countries. Its largest (disclosed) acquisition occurred in 2004 when it acquired Mervyn s for $1.7B.

In the last 3 years, Sun Capital Partners has exited 11 companies. The Firm’s most common exit type is trade sale (42%). Sun Capital Partners’ largest (disclosed) exit occurred in 2011 when it sold Big Heart Pet Brands for $5.3B.

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M&A Summary

  • M&A Total Activity290
    • M&A Buy Activity166
    • M&A Sell Activity124
  • Total Sectors Invested 37
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 72
  • M&A Advisors 35

Sun Capital Partners

Sun Capital Partners, Inc.

5200 Town Center Circle,
Boca Raton, Florida 33486
United States
(561) 394-0550
www.suncappart.com

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Defense, Electronics, Financial Services, Food, Furniture, Healthcare Services, Leisure, Life Science, Machinery, Manufacturing, Media, Metals/Mining, Packaging, Publishing, Restaurants, Retail, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Recapitalization, Special Situations/Distressed, PIPE, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic, Asia/Pacific

Transaction Criteria Min Max
Target Revenue 50 1,000
Target EBITDA 3 -
Investment Size 50 400
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (4.2/yr) # 145 8 6 4 3 - 166
vol $4.2B $411M $4.6B
Sell (3.4/yr) # 107 6 5 3 2 1 124
vol $8.9B $25M $1.1B $1.0B $11.0B
  290

Most Recent M&A

Company Date Value Type
Vetrerie Riunite Group SpA 2024-01-31 - Secondary Sale
Colognola Ai Colli, Italy · www.vetrerieriunite.it
Smokey Bones Barbeque & Grill 2023-09-25 - Trade Sale
Greenwood, Indiana · www.smokeybones.com
Koch Separation Solutions, Inc. 2023-08-14 - Divestiture
Wilmington, Massachusetts · www.kochseparation.com
Scotch & Soda Group B.V. 2023-03-27 - Trade Sale
Hoofddorp, Netherlands · www.scotch-soda.com
Anderson Law Group PLLC 2023-03-14 - Growth Capital
Las Vegas, Nevada · www.andersonadvisors.com
Fresh Origins LLC 2023-01-19 - Secondary Buyout
San Marcos, California · www.freshorigins.com
Allied Glass Containers Ltd. 2022-11-02 485M GBP Trade Sale
Leeds, United Kingdom · www.allied-glass.com
Trulite Glass & Aluminum Solutions LLC 2022-11-01 - Secondary Sale
Peachtree City, Georgia · www.trulite.com
Andersen Commercial Plumbing 2022-07-13 - Buyout (LBO, MBO, MBI)
La Verne, California · www.andersenplumbing.com
Tenax S.p.A. 2022-05-31 - Buyout (LBO, MBO, MBI)
Volargne, Italy · www.tenax.it
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
ESIM Chemicals 2018-05-14 IM Chemicals 2021-06-01 1
Linz, Austria · www.esim-chemicals.com Linz, Austria
Coveris Group 2005-07-01 PACCOR International GmbH 2018-07-31 1
Vienna, Austria · www.coveris.com Niedernhall, Germany · www.paccor.com
Flamingo Horticulture 2015-10-14 Afriflora 2017-12-20 1
Stevenage, United Kingdom · www.flamingo.net Aalsmeer, Netherlands · www.afriflora.nl
Coveris Group 2005-07-01 Olefinas S.L.P., S.A. de C.V. 2015-06-17 12
Vienna, Austria · www.coveris.com Potosí, Mexico · www.olefinas.com
Coveris Group 2005-07-01 Elldex Packaging Ltd. 2015-05-28 11
Vienna, Austria · www.coveris.com Auckland, New Zealand · www.elldex.com
Coveris Group 2005-07-01 St. Neots Packaging Ltd. 2014-06-19 10
Vienna, Austria · www.coveris.com Saint Neots, United Kingdom · www.fastfoodpackaging.com
Coveris Group 2005-07-01 KubeTech Custom Molding, Inc. 2014-01-01 9
Vienna, Austria · www.coveris.com Pittsburgh, Pennsylvania · www.kubetechmolding.com
Coveris Group 2005-07-01 Kobusch-Sengewald GmbH 2013-11-18 8
Vienna, Austria · www.coveris.com Warburg, Germany · www.kobusch-sengewald.com
Coveris Group 2005-07-01 InteliCoat Technologies LLC 2013-08-29 7
Vienna, Austria · www.coveris.com South Hadley, Massachusetts · www.intelicoat.com
Coveris Group 2005-07-01 Britton Group Ltd. 2013-05-01 6
Vienna, Austria · www.coveris.com Winsford, United Kingdom · www.brittongroup.com

M&A by Sector

Sector Current # Value All-time # Value
Retail 2 (7%) - 29 (17%) 2.2B (47%)
Restaurants 1 (3%) - 14 (8%) 417M (9%)
Manufacturing - - 14 (8%) 231M (5%)
Packaging 1 (3%) - 10 (6%) 139M (3%)
Food 1 (3%) - 10 (6%) 51M (1%)
Apparel/Textiles - - 10 (6%) -
Building Materials 1 (3%) 411M (100%) 7 (4%) 411M (9%)
Consumer Products - - 7 (4%) 130M (3%)
Chemicals 2 (7%) - 7 (4%) -
Business Services 3 (10%) - 6 (4%) 169M (4%)
Construction 1 (3%) - 5 (3%) 616M (13%)
Automotive 1 (3%) - 4 (2%) -
Electrical Equipment 1 (3%) - 4 (2%) -
Healthcare Services 2 (7%) - 4 (2%) -
Safety/Security 1 (3%) - 3 (2%) 37M (1%)
Furniture - - 3 (2%) -
Transportation 3 (10%) - 3 (2%) -
Communications 1 (3%) - 2 (1%) 110M (2%)
Consumer Services - - 2 (1%) -
E-Commerce 1 (3%) - 2 (1%) -
Electronics - - 2 (1%) -
Energy Services and Equipment - - 2 (1%) -
Environmental 2 (7%) - 2 (1%) -
Information Technology 1 (3%) - 2 (1%) -
Technology Hardware - - 1 (1%) 150M (3%)
Aerospace - - 1 (1%) -
Agriculture 1 (3%) - 1 (1%) -
Defense - - 1 (1%) -
Distribution 1 (3%) - 1 (1%) -
Diversified 1 (3%) - 1 (1%) -
Engineering - - 1 (1%) -
Life Science - - 1 (1%) -
Machinery - - 1 (1%) -
Marketing - - 1 (1%) -
Plastics - - 1 (1%) -
Software 1 (3%) - 1 (1%) -
Test/Measurement Equipment - - 1 (1%) -
Total 29 $411M 167 $4.6B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 20 (69%) 411M (100%) 116 (69%) 3.5B (76%)
  California 6 (21%) - 16 (10%) 1.7B (37%)
  Texas 3 (10%) 411M (100%) 8 (5%) 411M (9%)
  Florida 2 (7%) - 6 (4%) 37M (1%)
  Indiana - - 6 (4%) 405M (9%)
  North Carolina - - 6 (4%) -
  Michigan - - 6 (4%) -
  Massachusetts 1 (3%) - 5 (3%) 337M (7%)
  New Jersey 1 (3%) - 5 (3%) 130M (3%)
  Pennsylvania - - 5 (3%) -
  Illinois - - 4 (2%) 231M (5%)
  Colorado - - 4 (2%) 110M (2%)
  Ohio - - 4 (2%) -
  Alabama - - 4 (2%) -
  Wisconsin 1 (3%) - 3 (2%) -
  Virginia 1 (3%) - 3 (2%) -
  Georgia 1 (3%) - 3 (2%) -
  Missouri - - 3 (2%) 150M (3%)
  Washington - - 3 (2%) -
  New York - - 3 (2%) -
  Nebraska 1 (3%) - 2 (1%) -
  Utah - - 2 (1%) -
  Tennessee - - 2 (1%) -
  Oregon - - 2 (1%) -
  West Virginia 1 (3%) - 1 (1%) -
  Nevada 1 (3%) - 1 (1%) -
  Iowa 1 (3%) - 1 (1%) -
  South Carolina - - 1 (1%) -
  Kentucky - - 1 (1%) -
  Kansas - - 1 (1%) -
  Delaware - - 1 (1%) -
  Arkansas - - 1 (1%) -
  Arizona - - 1 (1%) -
United Kingdom 5 (17%) - 25 (15%) 1.1B (24%)
Germany - - 6 (4%) -
France 1 (3%) - 5 (3%) -
Canada - - 4 (2%) -
  Ontario - - 3 (2%) -
  Quebec - - 1 (1%) -
Italy 1 (3%) - 3 (2%) -
Austria 2 (7%) - 2 (1%) -
Spain - - 2 (1%) -
Netherlands - - 2 (1%) -
Belgium - - 1 (1%) -
Denmark - - 1 (1%) -
Domestic 20 (69%) 411M (100%) 116 (69%) 3.5B (76%)
Cross-border 9 (31%) - 51 (31%) 1.1B (24%)
Total 29 $411M 167 $4.6B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 8 (28%) - 74 (44%) 51M (1%)
Secondary Buyout 12 (41%) - 40 (24%) 262M (6%)
Divestiture 4 (14%) - 25 (15%) 3.1B (68%)
Special Situations/Distressed - - 10 (6%) 37M (1%)
Going Private 1 (3%) 411M (100%) 6 (4%) 1.1B (24%)
Recapitalization 1 (3%) - 5 (3%) -
Growth Capital 3 (10%) - 3 (2%) -
Stake Purchase - - 2 (1%) -
Consolidation - - 1 (1%) -
PIPE - - 1 (1%) -
Total 29 $411M 167 $4.6B

Exits by Deal Type

Type Total # Value
Secondary Sale 34 (27%) -
Trade Sale 33 (27%) 1.8B (17%)
Bankruptcy 28 (23%) -
Trade Sale - Public Company 21 (17%) 3.9B (35%)
Merger 5 (4%) -
Stake Sale 1 (1%) 5.3B (48%)
IPO 1 (1%) -
Shut Down 1 (1%) -
Total 124 $11.0B

Top M&A Advisors

Financial Deals
Ernst & Young Capital Advisors LLC
 5
Lincoln International
 3
PwC Corporate Finance LLC
 2
Legal Deals
Kirkland & Ellis
 8
Morgan Lewis
 7
DLA Piper
 3

Deal Values

buy # Total
> $1B 1 $1.7B
$100M to $1B 11 $2.7B
< $100M 4 $225M
TOTAL $4.6B
Largest Mervyn's
$1.7B (2004-07-29)
sell # Total
> $1B 2 $6.4B
$100M to $1B 11 $4.4B
< $100M 3 $195M
TOTAL $11.0B
Largest Big Heart Pet Brands
$5.3B (2011-03-08)

M&A Connections

Deals
Acquired from
Investor(s)
24%
40 (24%)
Strategic(s)
13%
21 (13%)
Exited to
Investor(s)
27%
33 (27%)
Strategic(s)
44%
55 (44%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

13.0B USD

Established

1995

Specialist/Generalist

Generalist

Leadership

Marc Leder

Co-CEO

Rodger Krouse

Co-CEO

M. Steven Liff

Senior Partner & Head of Private Equity North America

Adam Massman

Chief Human Resources Officer

Jim Morris

Group COO

FAQ

When was Sun Capital Partners founded?

Sun Capital Partners was founded in 1995.

What type of investor is Sun Capital Partners?

Sun Capital Partners is a private equity firm.

Where is Sun Capital Partners headquartered?

Sun Capital Partners is headquartered in Boca Raton, Florida.

How much capital does Sun Capital Partners have under management?

Sun Capital Partners has 13.0B USD under management.

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