M&A Deal Summary

Sun Capital Partners Acquires Horizon Services

On March 7, 2017, private equity firm Sun Capital Partners acquired business services company Horizon Services

Acquisition Highlights
  • This is Sun Capital Partners’ 4th transaction in the Business Services sector.
  • This is Sun Capital Partners’ 92nd transaction in the United States.
  • This is Sun Capital Partners’ 1st transaction in Delaware.
Investment Fate
  • Horizon Services was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2017-03-07
Target Horizon Services
Sector Business Services
Buyer(s) Sun Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) STS Capital Partners (Financial)

Target

Horizon Services

Wilmington, Delaware, United States
Horizon Services is a provider of essential HVAC, plumbing, and electrical home services in the eastern United States. Horizon Services was founded in 1987 and is based in Wilmington, Delaware.

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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 135 of 172
Sector: Business Services M&A 4 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 65 of 75
State: Delaware M&A 1 of 1
Country: United States M&A 92 of 118
Year: 2017 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 Keepmoat

Doncaster, United Kingdom

Keepmoat Ltd. is a provider of integrated affordable housing development and community regeneration services. Keepmoat Ltd. is based in Doncaster, United Kingdom.

Sell £330M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Gordmans

Omaha, Nebraska, United States

Gordman's is an apparel and home fashions retailer with stores in 16 Midwestern states. Stores carry a large assortment of name brand apparel for all ages, accessories, footwear, gifts, designer fragrances, fashion jewelry, accent furniture, home fashions, and more, all at savings of up to 60% off department and specialty prices.

Sell -