M&A Deal Summary

Huron Capital Acquires Sunland Asphalt & Construction

On January 14, 2021, private equity firm Huron Capital acquired construction company Sunland Asphalt & Construction

Acquisition Highlights
  • This is Huron Capital’s 2nd transaction in the Construction sector.
  • This is Huron Capital’s 53rd transaction in the United States.
  • This is Huron Capital’s 3rd transaction in Arizona.

M&A Deal Summary

Date 2021-01-14
Target Sunland Asphalt & Construction
Sector Construction
Buyer(s) Huron Capital
Deal Type Recapitalization

Target

Sunland Asphalt & Construction

Phoenix, Arizona, United States
website
Sunland Asphalt & Construction is an asphalt producer and paving solution provider. Sunland Asphalt & Construction was founded in 1979 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Huron Capital Partners is a private equity firm that seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Prospective transaction situations include management buyouts, corporate spin-offs, recapitalizations, family successions and consolidations. Huron prefers opportunities located in the US and Canada. Target companies typically have revenues between $20 and $200 million and EBITDA of at least $5 million. Huron can commit up to $10 million and $50 million of equity capital per transaction. Huron Capital Partners was formed in 1999 and has offices in Detroit, Michigan and Ontario, Canada.


DEAL STATS #
Overall 56 of 60
Sector (Construction) 2 of 2
Type (Recapitalization) 16 of 16
State (Arizona) 3 of 3
Country (United States) 53 of 57
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 48forty Solutions

Houston, Texas, United States

48forty Solutions is a whitewood pallet recycler recycling over 90 million pallets annually across its network of 73 company locations and more than 225 network facilities. 48forty serves over 2,700 customers, including manufacturers, distributors, and retailers in the distribution & logistics, food & beverage, packaging, durables, and non-durables industries. 48forty Solutions was formed in 1992 and is based in Houston, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 High Street Insurance Partners

Traverse City, Michigan, United States

High Street Insurance Partners is focused on the insurance agency sector, providing commercial property & casualty insurance, employee benefits services, and personal lines to a wide range of industries. High Street Insurance Partners was formed in 2018 and is based in Traverse City, Michigan.

Sell -