M&A Deal Summary

Sun Capital Partners Acquires Total Transportation Services

On January 13, 2022, private equity firm Sun Capital Partners acquired transportation company Total Transportation Services from Saybrook

Acquisition Highlights
  • This is Sun Capital Partners’ 3rd transaction in the Transportation sector.
  • This is Sun Capital Partners’ 112th transaction in the United States.
  • This is Sun Capital Partners’ 14th transaction in California.

M&A Deal Summary
Date 2022-01-13
Target Total Transportation Services
Sector Transportation
Buyer(s) Sun Capital Partners
Sellers(s) Saybrook
Deal Type Secondary Buyout

Target

Total Transportation Services

Long Beach, California, United States
Total Transportation Services is a port and rail drayage businesses in North America and is the only drayage provider with a container yard strategically located within the Port of Los Angeles, the largest port of entry by container volume in North America. The Company also has a growing presence in other significant markets, including New York/New Jersey, Chicago, Seattle/Tacoma, Norfolk, and Savannah. In addition to drayage, TTSI offers regional trucking with dedicated fleets, warehousing, and brokerage primarily serving the retail, freight logistics, apparel, and automotive markets. Total Transportation Services was founded in 1989 and is based in Long Beach, California.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 163 of 170
Sector (Transportation) 3 of 3
Type (Secondary Buyout) 40 of 43
State (California) 14 of 16
Country (United States) 112 of 117
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Ames Taping Tools

Duluth, Georgia, United States

Ames Taping Tools is a designer, manufacturer, rents, and sells specialized construction equipment used for taping and finishing drywall. Ames Taping Tools was founded in 1939 and is based in Duluth, Georgia.

Sell $213M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-08 C&K

Waltham, Massachusetts, United States

C&K is a producer of electromechanical switches to companies that design, manufacture and distribute electronics products. C&K is a global provider of critical, highly-engineered electromechanical switches and interface technology solutions for essential applications in industrial, transportation, aerospace, and datacom products, and other industries. C&K was founded in 1928 and is based in Waltham, Massachusetts.

Sell $540M

Seller(S) 1

SELLER

Saybrook

Los Angeles, California, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saybrook Capital is distressed investment group focused on lower middle-market companies with operational or capital structure complexity. The Firm looks to purchase debt and illiquid equity interests in the secondary market or invest directly in companies that are unable to access capital from traditional sources. Saybrook looks to commit $8 to $15 million per transaction and targets businesses in the business services, consumer, healthcare and manufacturing sectors. Saybrook was formed in 1990 and is based in Los Angeles, California.

DEAL STATS #
Overall 4 of 6
Sector (Transportation) 1 of 2
Type (Secondary Buyout) 1 of 1
State (California) 1 of 3
Country (United States) 4 of 6
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Innocor

West Long Branch, New Jersey, United States

Innocor, Inc. is a provider of consumer-driven polyurethane foam products proven to deliver comfort, relaxation, and rejuvenation. Innocor Comfort®, the consumer products division, manufactures advanced memory foam products including pillows, mattress toppers, mattresses, etc. under Sleep Innovations®, Novaform® and other brands. Innocor, Inc. was founded in 1996 and is based in West Long Branch, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Taylored Services

Los Angeles, California, United States

Taylored Services is a third-party logistics outsourced warehousing and distribution services company. TSI operates warehouses on the East and West Coast serving the ports of Newark and Long Beach where many of its customers import their products from Asia and Europe. Taylored Services was founded in 1992 and is based in Los Angeles, California.

Sell -
Mergr

Product

Company

Legal