M&A Deal Summary

Trilantic North America and Monroe Capital Acquire Sunstates Security

On August 9, 2024, private equity firm Trilantic North America and lender Monroe Capital acquired safety/security company Sunstates Security

Acquisition Highlights
  • This is Trilantic North America’s 2nd and Monroe Capital’s 4th transaction in the Safety/Security sector.
  • This is Trilantic North America’s 53rd and Monroe Capital’s 111th transaction in the United States.
  • This is Trilantic North America’s 2nd and Monroe Capital’s 6th transaction in North Carolina.

M&A Deal Summary

Date 2024-08-09
Target Sunstates Security
Sector Safety/Security
Buyer(s) Trilantic North America
Monroe Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Sunstates Security

Raleigh, North Carolina, United States
Sunstates Security provides security services to a diverse set of attractive end markets. The Company offers a variety of security solutions, including uniformed officers, access control, reception & concierge, monitoring and emergency response to a network of clients across the US. Sunstates Security was founded in 1998 and is based in Raleigh, North Carolina.

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Buyer(S) 2

Buyer

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 9.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.


DEAL STATS #
Overall 55 of 55
Sector (Safety/Security) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 12 of 12
State (North Carolina) 2 of 2
Country (United States) 53 of 53
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-04 Sofie

Dulles, Virginia, United States

Sofie is a molecular imaging company combining new PET imaging diagnostics with innovative imaging and synthesis systems to provide researchers and physicians with tools to better investigate the biology of disease. Sofie is based in Dulles, Virginia.

Buy -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 112 of 115
Sector (Safety/Security) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 31 of 33
State (North Carolina) 6 of 6
Country (United States) 111 of 114
Year (2024) 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-15 Summit Professional Education

Franklin, Tennessee, United States

Summit Professional Education is a provider of in-person and online continuing and professional education (“CPE”) courses for physical therapists and assistants, occupational therapists and assistants, and speech language pathologists. Summit Professional Education was founded in 2004 and is based Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 NorthEast Contracting

Lorton, Virginia, United States

NorthEast Contracting (NECC) specializes in commercial roofing services, including re-roofing, installation, and repair & maintenance in the D.C., Maryland, and Virginia area. The Company primarily serves customers in the education (K-12), government, multi-family, industrial, and data center end markets. NorthEast Contracting was formed in 2002 and is based in Lorton, Virginia.

Buy -