M&A Deal Summary

Crowne Group Acquires Vari-Form

On July 15, 2015, Crowne Group acquired automotive company Vari-Form from Sun Capital Partners

Acquisition Highlights
  • This is Crowne Group’s 2nd transaction in the Automotive sector.
  • This is Crowne Group’s 2nd transaction in the United States.
  • This is Crowne Group’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2015-07-15
Target Vari-Form
Sector Automotive
Buyer(s) Crowne Group
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition

Target

Vari-Form

Troy, Michigan, United States
Vari-Form, Inc. is a manufacturer of lightweight, hydroformed structural parts.

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Buyer(S) 1

Buyer

Crowne Group

Cleveland, Ohio, United States

Category Company
Founded 2014
Sector Automotive
DESCRIPTION

Crowne Group LLC is a manufacturer of automotive, aftermarket and industrial products.


DEAL STATS #
Overall 2 of 2
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-30 Trico Products

Rochester Hills, Michigan, United States

TRICO is a global manufacturer, marketer and distributor of windshield wiper blades, systems and components. The Company operates as a fully integrated business with major market positions in both the Aftermarket and Original Equipment Manufacturer ("OEM") segments.

Buy -

Seller(S) 1

SELLER

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 STATS #
Overall 70 of 131
Sector: Automotive M&A 3 of 3
Type: Add-on Acquisition M&A Deals 27 of 55
State: Michigan M&A 3 of 6
Country: United States M&A 51 of 90
Year: 2015 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 Fazoli’s

Lexington, Kentucky, United States

Fazoli's is a franchisor and operator of Italian fast casual restaurants in the United States and is positioned to accelerate its growth in the expanding fast casual segment of the restaurant industry. Fazoli's was founded in 1988 and headquartered in Lexington, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-29 Flabeg

Nuremburg, Germany

Flabeg Deutschland GmbH is a supplier of high-performance automotive glass products. Flabeg develops optimum solutions for the widest range of glass and mirror applications worldwide and is the world’s leading manufacturer of mirrors for the automotive industry.

Buy -