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  6. Sun Capital Partners Acquires Admiral Petroleum

M&A Deal Summary

Sun Capital Partners Acquires Admiral Petroleum

On May 23, 2016, private equity firm Sun Capital Partners acquired retailer Admiral Petroleum

Acquisition Highlights
  • This is Sun Capital Partners’ 27th transaction in the Retail sector.
  • This is Sun Capital Partners’ 88th transaction in the United States.
  • This is Sun Capital Partners’ 6th transaction in Michigan.
Investment Fate
  • Admiral Petroleum was sold to a strategic buyer in 2016.

M&A Deal Summary
Date 2016-05-23
Target Admiral Petroleum
Sector Retail
Buyer(s) Sun Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Admiral Petroleum

Coopersville, Michigan, United States
Admiral Petroleum Co. Inc. is a convenience store business based in the Midwest. The Company, which had been family owned and operated since 1905, is headquartered in Coopersville, Michigan, and includes 130 Admiral-branded gas and convenience stores.

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Buyer(S) 1

Buyer

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 131 of 171
Sector: Retail M&A 27 of 29
Type: Buyout (LBO, MBO, MBI) M&A Deals 63 of 75
State: Michigan M&A 6 of 6
Country: United States M&A 88 of 118
Year: 2016 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-23 Lemmen Oil

Coopersville, Michigan, United States

Lemmen Oil Co. is a convenience store business based in the Midwest. Lemmen-branded gas and convenience stores across Michigan and Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-11 The LANG Companies Inc

Waukesha, Wisconsin, United States

The LANG Companies, Inc is a provider of art, design, and sports driven calendars (second largest participant in the U.S. calendar industry), back-to-school products, greeting cards and stationary. Products are marketed under three widely-recognized Company-owned brands: Lang, Avalanche and Turner Licensing brands.

Sell -
Mergr

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