M&A Deal Summary

Sun Capital Partners Acquires Latite Roofing

On January 8, 2025, private equity firm Sun Capital Partners acquired construction company Latite Roofing from Lincolnshire Management and Goense Capital Partners

Acquisition Highlights
  • This is Sun Capital Partners’ 5th transaction in the Construction sector.
  • This is Sun Capital Partners’ 118th transaction in the United States.
  • This is Sun Capital Partners’ 7th transaction in Florida.

M&A Deal Summary

Date 2025-01-08
Target Latite Roofing
Sector Construction
Buyer(s) Sun Capital Partners
Sellers(s) Lincolnshire Management
Goense Capital Partners
Deal Type Secondary Buyout

Target

Latite Roofing

Pompano Beach, Florida, United States
Latite Roofing is a roof installation service provider in Florida. Latite offers new roof installations and re-roofing (replacement roofs) for both residential and commercial buildings. Latite Roofing was founded in 1943 and is based in Pompano Beach, Florida.

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Buyer(S) 1

Buyer

Sun Capital Partners

Boca Raton, Florida, United States

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 171 of 171
Sector (Construction) 5 of 5
Type (Secondary Buyout) 44 of 44
State (Florida) 7 of 7
Country (United States) 118 of 118
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-26 Northern Wholesale

Lino Lakes, Minnesota, United States

Northern Wholesale is a distributor of marine and RV accessories selling over 30,000 products to hundreds of customers throughout the United States. Northern Wholesale also maintains a proprietary products division (primarily comprised of its Extreme Max product line) to address unmet customer demand. Northern Wholesale was founded in 1984 and is based in Lino Lakes, Minnesota.

Buy -

Seller(S) 2

SELLER

Lincolnshire Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lincolnshire Management, Inc. (LMI) is a private equity firm focused on acquiring small and mid-sized companies in partnership with management. LMI typically targets companies with the majority of business conducted within the US. Prospective companies also have cash-flows of $5 to $50 million and significant opportunities for growth, either internally or through acquisitions. Target transaction situations include corporate divestitures, selling shareholders, and owners desiring liquidity. Lincolnshire Management was formed in 1986 and has office in New York City.


DEAL STATS #
Overall 24 of 24
Sector (Construction) 2 of 2
Type (Secondary Buyout) 12 of 12
State (Florida) 4 of 4
Country (United States) 23 of 23
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Nursery Supplies

Chambersburg, Pennsylvania, United States

Nursery Supplies is a vertically-integrated manufacturer of sustainable horticulture packaging solutions. The Company’s capabilities include blow-molding, pressure forming, injection molding, vacuum forming, custom printing / branding, along with an in-house resin recycling platform which recycles over 40 million pounds of plastic annually. Nursery Supplies was founded in 1960 and is based in Chambersburg, Pennsylvania.

Sell -
SELLER

Goense Capital Partners

Chicago, Illinois, United States

Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 225M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Goense Capital Partners is a private equity firm focused on making control investments alongside management teams in small to mid-sized business service companies. Goense looks for North American businesses with predictable cash-flow ($2 million+ of EBITDA), identifiable growth opportunities, and market segment leadership. Target transaction situations include consolidations, family successions, shareholder liquidity needs, LBOs, MBOs, and growth capital financings. The Firm prefers to be the lead investor and has a target investment size of $1 to $30 million. Goense was formed in 2008 after becoming independent from Goense Bounds & Partners. The Firm is and is based in Chicago, Illinois.


DEAL STATS #
Overall 10 of 10
Sector (Construction) 3 of 3
Type (Secondary Buyout) 6 of 6
State (Florida) 2 of 2
Country (United States) 10 of 10
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Arcticom Group

Walnut Creek, California, United States

Arcticom Group is a network of commercial and industrial refrigeration companies that provide HVACR service/maintenance across the Western United States and installation services throughout North America. Arcticom Group is based in Walnut Creek, California.

Sell -