M&A Deal Summary

Sound Growth Partners Acquires Sunny

On September 24, 2024, private equity firm Sound Growth Partners acquired technology hardware company Sunny

Acquisition Highlights
  • This is Sound Growth Partners’ 2nd transaction in the Technology Hardware sector.
  • This is Sound Growth Partners’ 2nd transaction in the United States.
  • This is Sound Growth Partners’ 1st transaction in Colorado.

M&A Deal Summary

Date 2024-09-24
Target Sunny
Sector Technology Hardware
Buyer(s) Sound Growth Partners
Deal Type Recapitalization

Target

Sunny

Lakewood, Colorado, United States
Sunny provides refurbished land mobile radio communication equipment, including two-way radios, accessories, and communication solutions, in the U.S. The company also provides repair services and equipment rentals. Sunny is based in Lakewood, Colorado.

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Buyer(S) 1

Buyer
DESCRIPTION

Sound Growth Partners is a private equity firm focused providing all the equity and debt financing necessary to swiftly acquire and grow lower-middle-market companies. The Firm exclusively targets market leaders within protected niche segments—typically businesses with $2 $15 million of EBITDA operating in the consumer products/services, business services, distribution, and light manufacturing sectors. Sound Growth Partners was founded in 2023 and is headquartered in Edmonds, Washington.


DEAL STATS #
Overall 2 of 5
Sector: Technology Hardware M&A 2 of 2
Type: Recapitalization M&A Deals 1 of 2
State: Colorado M&A 1 of 2
Country: United States M&A 2 of 5
Year: 2024 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 ATEK Access Technologies

Eden Prairie, Minnesota, United States

ATEK Access Technologies is a manufacturer of reliable products for a diverse range of industries under its Datakey and Larco brands. Datakey is a provider of rugged, reprogrammable memory keys for access control and data storage applications, and Larco is a manufacturer of industrial safety mats and door access controls. ATEK Access Technologies is based in Eden Prairie, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Stueve Construction

Algona, Iowa, United States

Stueve Construction is a design, engineering, and construction firm focused primarily on the construction of dry fertilizer storage facilities. Stueve Construction was founded in 1958 and is based in Algona, Iowa.

Buy -