Recapitalization • Utilities

Sun Capital Partners Acquires Stake Center Locating

On November 19, 2019, private equity firm Sun Capital Partners acquired utilities company Stake Center Locating

Acquisition Context
  • This is Sun Capital Partners’ 1st transaction in the Utilities sector.
  • This is Sun Capital Partners’ 100th transaction in the United States.
  • This is Sun Capital Partners’ 6th transaction in North Carolina.
Investment Fate
  • Stake Center Locating was sold to a consortium of financial buyers in 2022.

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M&A Deal Summary

Date November 19, 2019
Target Stake Center Locating
Sector Utilities
Buyer(s) Sun Capital Partners
Deal Type Recapitalization

Target Company

Stake Center Locating

Greensboro, North Carolina, United States
Stake Center is a utility locating company that cares about the needs of the customer first and foremost. Equipped with the latest tools and technology, our locating teams make safety the top priority (eliminating damages, protecting the public and customers’ facilities) while consistently meeting deadlines. Stake Center Locating is based in Greensboro, North Carolina.
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Buyer Overview 1

Buyer

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

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.


Deal Context for Buyer #
Overall 145 of 172
Sector: Utilities 1 of 1
Type: Recapitalization 5 of 5
State: North Carolina 6 of 6
Country: United States 100 of 118
Year: 2019 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-13 Horizon Services

Wilmington, Delaware, United States

Horizon Services is a provider of essential HVAC, plumbing, and electrical home services in the eastern United States. Horizon Services was founded in 1987 and is based in Wilmington, Delaware.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 SOS Security

Parsippany, New Jersey, United States

SOS Security is a provider of security personnel and related services, helping a broad range of clients in the corporate, government and high net worth sectors to protect their people, assets and reputations. SOS Security was founded in 1969 and is based in Parsippany, New Jersey.

Sell -