M&A Deal Summary

Leonard Green & Partners Acquires Sun Auto Tire & Service

On September 16, 2021, private equity firm Leonard Green & Partners acquired automotive company Sun Auto Tire & Service from Greenbriar Equity Group

Acquisition Highlights
  • This is Leonard Green & Partners’ 3rd transaction in the Automotive sector.
  • This is Leonard Green & Partners’ 85th transaction in the United States.
  • This is Leonard Green & Partners’ 4th transaction in Arizona.

M&A Deal Summary
Date 2021-09-16
Target Sun Auto Tire & Service
Sector Automotive
Buyer(s) Leonard Green & Partners
Sellers(s) Greenbriar Equity Group
Deal Type Secondary Buyout

Target

Sun Auto Tire & Service

Tucson, Arizona, United States
Sun Auto Tire & Service is a provider of automotive aftermarket repair service with approximately 132 retail locations in the Southwestern U.S. The Company operates under the BRAKEmax, Tire Works and Ramona brands offering tire replacement, brake repair and other under-car services including alignment, A/C, exhaust, and oil changes (among others). Sun Auto Tire & Service was founded in 2017 and is based in Tucson, Arizona.

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Buyer(S) 1

Buyer

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.

DEAL STATS #
Overall 90 of 102
Sector (Automotive) 3 of 3
Type (Secondary Buyout) 39 of 47
State (Arizona) 4 of 4
Country (United States) 85 of 94
Year (2021) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 MDVIP

Boca Raton, Florida, United States

MDVIP is a personalized healthcare program that empowers people to reach their health and wellness goals through in-depth knowledge, expertise, and one-on-one coaching with an affiliated primary care doctor. The company's model was created with the hope and vision of bringing more life to more lives both young and old by putting impersonal healthcare practices and tactics aside and embracing a new way of healing. MDVIP was founded in 2000 and is based in Boca Raton, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Life Time

Chanhassen, Minnesota, United States

Life Time operates sports, athletic, fitness, and family recreation centers offering premium amenities and services in a resort-like setting. Life Time was founded in 1992 and is based in Chanhassen, Minnesota.

Sell -

Seller(S) 1

SELLER

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.

DEAL STATS #
Overall 21 of 26
Sector (Automotive) 2 of 2
Type (Secondary Buyout) 10 of 11
State (Arizona) 2 of 2
Country (United States) 18 of 22
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 FragilePak

Henderson, Nevada, United States

FragilePAK is a non-asset-based transportation management provider of end-to-end delivery services for bulk and heavy goods. The company’s solution revolves around a specialized transportation network and proprietary software that centralizes the data from third-party transportation partners and streamlines the delivery process from order placement to final delivery. FragilePAK was formed in 2015 and is based in Henderson, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 BDP International

Philadelphia, Pennsylvania, United States

BDP International is an owned global logistics and transportation solutions company. BDP International was founded in 1966 and is based in Philadelphia, Pennsylvania.

Sell -
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