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M&A Deal Summary

Sun Capital Partners Acquires StonePoint Materials

On January 1, 2017, private equity firm Sun Capital Partners acquired building materials company StonePoint Materials

Acquisition Highlights
  • This is Sun Capital Partners’ 4th transaction in the Building Materials sector.
  • This is Sun Capital Partners’ 89th transaction in the United States.
  • This is Sun Capital Partners’ 4th transaction in Pennsylvania.
Investment Fate
  • StonePoint Materials was sold to a publicly-traded strategic buyer in 2021 for 375M USD.

M&A Deal Summary
Date 2017-01-01
Target StonePoint Materials
Sector Building Materials
Buyer(s) Sun Capital Partners
Deal Type Consolidation

Target

StonePoint Materials

Philadelphia, Pennsylvania, United States
StonePoint Materials is a producer of crushed stone, sand and gravel serving diverse end markets including infrastructure, commercial and residential construction, and energy. Operating across eight states, StonePoint has approximately 8.0 million tons of annual aggregates production and offers complementary asphalt production and paving services in Tennessee and Kentucky. StonePoint operates several subsidiaries including Laurel Aggregates, Winn Materials, Southern Aggregates, and McIntosh Construction.

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Buyer(S) 1

Buyer

Sun Capital Partners

Boca Raton, Florida, United States

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 STATS #
Overall 132 of 171
Sector (Building Materials) 4 of 7
Type (Consolidation) 1 of 1
State (Pennsylvania) 4 of 5
Country (United States) 89 of 118
Year (2017) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-26 Kellwood Company

Chesterfield, Missouri, United States

Kellwood owns and licenses branded and private women's apparel. Products are sold primarily to specialty stores, department stores, catalog houses, and national chains. Brands include Sag Harbor, Kelty, Koret, XOXO, Phat Fashions, Vince and Baby Phat.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Pemco World Air Services

Dothan, Alabama, United States

Pemco World Air Services, Inc is a provider of commercial aircraft maintenance and modification services on a contract basis to the owners and operators of commercial aircraft. Its services include heavy maintenance checks, passenger-to-cargo conversions, aircraft stripping and painting, rewiring, parts fabrication and engineering support.

Sell -
Mergr

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