M&A Deal Summary

Sun Capital Partners Acquires Northern Wholesale

On November 26, 2024, private equity firm Sun Capital Partners acquired distribution company Northern Wholesale from Wynnchurch Capital

Acquisition Highlights
  • This is Sun Capital Partners’ 2nd transaction in the Distribution sector.
  • This is Sun Capital Partners’ 117th transaction in the United States.
  • This is Sun Capital Partners’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2024-11-26
Target Northern Wholesale
Sector Distribution
Buyer(s) Sun Capital Partners
Sellers(s) Wynnchurch Capital
Deal Type Secondary Buyout

Target

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.

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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 170 of 170
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 43 of 43
State (Minnesota) 1 of 1
Country (United States) 117 of 117
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-25 Calcium Products

Ames, Iowa, United States

Calcium Products produces pelletized limestone and calcium for agriculture and commercial applications. Calcium Products was founded in 1987 and is based in Ames, Iowa.

Sell -

Seller(S) 1

SELLER

Wynnchurch Capital

Rosemont, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 9.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wynnchurch Capital is a private equity firm focused on middle-market company investments in the US and Canada. Wynnchurch looks to commit $50 to $750 million of equity per platform. Sectors of interest include manufacturing, business services, logistics, energy and power services, and value-added distribution. Prospective transaction types include management buyouts, recapitalizations, corporate carve-outs, restructurings, turnarounds and growth capital situations. Wynnchurch Capital was formed in 1999 and is based in Rosemont, Illinois.

DEAL STATS #
Overall 35 of 36
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 16 of 17
State (Minnesota) 1 of 1
Country (United States) 29 of 29
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 Infra Pipe Solutions

Mississauga, Ontario, Canada

Infra Pipe Solutions is a manufacturer of large diameter, high-density polyethylene (“HDPE”) pipe. Infra Pipe Solutions sells pipes for use in water infrastructure, mining, industrial processes, oil & gas distribution, and other applications. Infra Pipe was founded in 2018 and is based in Mississauga, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-27 Gyptech

Burlington, Ontario, Canada

Gyptech is a provider of wallboard equipment and services, including the design, construction, and commissioning of complete turnkey solutions for automated gypsum board plants that convert raw gypsum into high-quality finished wallboard. Gyptech was founded in 1993 and is based in Burlington, Ontario.

Sell -
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