M&A Deal Summary

Genstar Capital Acquires Sonny s

On August 6, 2020, private equity firm Genstar Capital acquired automotive company Sonny s from Sentinel Capital Partners

Acquisition Highlights
  • This is Genstar Capital’s 3rd transaction in the Automotive sector.
  • This is Genstar Capital’s 85th transaction in the United States.
  • This is Genstar Capital’s 4th transaction in Florida.

M&A Deal Summary

Date 2020-08-06
Target Sonny s
Sector Automotive
Buyer(s) Genstar Capital
Sellers(s) Sentinel Capital Partners
Deal Type Recapitalization

Target

Sonny s

Tamarac, Florida, United States
Sonny’s is a global manufacturer of conveyorized car wash systems, serving both independent operators and national chains across the U.S. and internationally. The company offers a complete range of tunnel equipment, vacuums, lighting, signage, controls, chemistry, parts, and local service. Sonny's was founded in 1949 and is based in Tamarac, Florida.

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Buyer(S) 1

Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.


DEAL STATS #
Overall 92 of 112
Sector: Automotive M&A 3 of 4
Type: Recapitalization M&A Deals 5 of 7
State: Florida M&A 4 of 5
Country: United States M&A 85 of 104
Year: 2020 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-26 Innovative Aftermarket Systems

Austin, Texas, United States

Innovative Aftermarket Systems LP is a provider of automotive warranties, vehicle services contracts (VSC), training, and related software and services sold across a broad and diverse distribution network. IAS was formed in 1984 and is headquartered in Austin, Texas IAS with offices in Oklahoma City, OK, and Dublin, OH.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-17 Likewize

Southlake, Texas, United States

Likewize is a global provider of cell phone and electronic device protection products and services, resolving hundreds of millions of customer issues each year across insurance, warranty, repairs, trade-ins, recycling, and premium tech support. The Company serves a wide array of clients including carriers, financial institutions, retailers, and mobile phone OEMs across the world. Likewize was founded in 1997 and is based in Southlake, Texas.

Buy -

Seller(S) 1

SELLER

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 55 of 71
Sector: Automotive M&A 3 of 4
Type: Recapitalization M&A Deals 1 of 1
State: Florida M&A 7 of 7
Country: United States M&A 49 of 64
Year: 2020 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-15 Vyrtych

Brezno, Czech Republic

Vyrtych is a manufacturer of lighting fixtures on the Czech market. The operation of its company is ensured by 8 main departments: production, quality department, technical support department, research, and development department, testing laboratory, sales, purchasing, and economic department. Vyrtych is based in Brezno, Czech Republic.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Vital Care

Brentwood, Tennessee, United States

Vital Care is a franchisor of home infusion services. Vital Care serves the medical needs of a wide range of patients, including those with chronic and acute conditions. Home infusion therapy involves the intravenous or subcutaneous administration of drugs or biologicals to patients at home. Vital Care was founded in 1986 and is based in Brentwood, Tennessee.

Buy -