M&A Deal Summary

I Squared Capital Acquires Stake Center Locating

On September 9, 2022, infrastructure investor I Squared Capital acquired utilities company Stake Center Locating from Sun Capital Partners

Acquisition Highlights
  • This is I Squared Capital’s 10th transaction in the Utilities sector.
  • This is I Squared Capital’s 9th transaction in the United States.
  • This is I Squared Capital’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2022-09-09
Target Stake Center Locating
Sector Utilities
Buyer(s) I Squared Capital
Sellers(s) Sun Capital Partners
Deal Type Secondary Buyout

Target

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(S) 1

DESCRIPTION

I Squared Capital is a global infrastructure investment manager focusing on energy, utilities, and transportation assets in North America, Europe, and select high growth economies. I Squared Capital was established in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 36 of 53
Sector: Utilities M&A 10 of 12
Type: Secondary Buyout M&A Deals 4 of 10
State: North Carolina M&A 1 of 1
Country: United States M&A 9 of 16
Year: 2022 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-18 VLS Environmental Solutions

Houston, Texas, United States

VLS Environmental Solutions is a provider of waste treatment and recycling, and interior railcar cleaning services. VLS Environmental Solutions also provides customized processing solutions for non-hazardous waste, including waste-to-energy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment. VLS Environmental Solutions was founded in 2007 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Berde Renewables

Pasig, Philippines

Berde Renewables provides renewable energy solutions to accelerate the energy transition in South East Asia. Berde Renewables is based in Pasig, Philippines.

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 120 of 131
Sector: Utilities M&A 1 of 1
Type: Secondary Buyout M&A Deals 29 of 34
State: North Carolina M&A 4 of 4
Country: United States M&A 86 of 90
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Andersen Commercial Plumbing

La Verne, California, United States

Andersen Commercial Plumbing is a provider of turnkey plumbing and HVAC services including maintenance and repair, tenant improvement, and new build solutions. Andersen Commercial Plumbing was founded in 1993 and is based in La Verne, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Trulite Glass & Aluminum Solutions

Peachtree City, Georgia, United States

Trulite Glass & Aluminum Solutions is an architectural glass and aluminum fabricator. Trulite distributes and manufactures architectural aluminum, insulated units, mirrors, tempered, laminated and decorative glass from their 35 locations throughout the U.S. and Canada. Trulite Glass & Aluminum Solutions was formed in 1978 and is headquartered in Peachtree City, Georgia.

Sell -