M&A Deal Summary

Truelink Capital Acquires Trulite Glass & Aluminum Solutions

On November 1, 2022, private equity firm Truelink Capital acquired building materials company Trulite Glass & Aluminum Solutions from Sun Capital Partners and Crystal Capital

Acquisition Highlights
  • This is Truelink Capital’s 1st transaction in the Building Materials sector.
  • This is Truelink Capital’s 1st transaction in the United States.
  • This is Truelink Capital’s 1st transaction in Georgia.

M&A Deal Summary

Date 2022-11-01
Target Trulite Glass & Aluminum Solutions
Sector Building Materials
Buyer(s) Truelink Capital
Sellers(s) Sun Capital Partners
Crystal Capital
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking
William Blair (Financial)
Kirkland & Ellis (Legal)

Target

Trulite Glass & Aluminum Solutions

Peachtree City, Georgia, United States
Trulite Glass & Aluminum Solutions is an architectural glass and aluminum fabricator. Trulite distributes and manufactures architectural aluminum, insulated units, mirrors, tempered, laminated and decorative glass from their 35 locations throughout the U.S. and Canada. Trulite Glass & Aluminum Solutions was formed in 1978 and is headquartered in Peachtree City, Georgia.

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Buyer(S) 1

DESCRIPTION

Truelink Capital is a private equity firm focused on partnering with founders and management teams in stable US businesses. Truelink seeks companies in the tech-enabled and industrials sectors that have buy and build opportunities and growth potential. The Firm will consider a variety of investment situations including ownership transitions, growth financings, and carve-outs. Truelink Capital is based in Los Angeles, California.


DEAL STATS #
Overall 1 of 6
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 3
State (Georgia) 1 of 1
Country (United States) 1 of 5
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Richardson Sales Performance

Philadelphia, Pennsylvania, United States

Richardson Sales Performance is a provider of sales training and performance improvement blend with proprietary intellectual property, modern, digital technology, a data-driven approach, and a worldwide network of sales experts to create one of the most differentiated experiences and scaled sales performance solutions available in the market. Richardson Sales Performance was founded in 1979 and is based in Philadelphia, Pennsylvania.

Buy -

Seller(S) 2

SELLER

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 120 of 127
Sector (Building Materials) 7 of 7
Type (Secondary Buyout) 29 of 32
State (Georgia) 2 of 2
Country (United States) 86 of 88
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Andersen Commercial Plumbing

La Verne, California, United States

Andersen Commercial Plumbing is a provider of turnkey plumbing and HVAC services including maintenance and repair, tenant improvement, and new build solutions. Andersen Commercial Plumbing was founded in 1993 and is based in La Verne, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Allied Glass

Leeds, United Kingdom

Allied Glass is a manufacturer of glass containers for premium consumer products such as spirits and fine foods. It specializes in making containers that have complex shapes, such as flasks, flagons and proprietary bottles for specific brands. Allied Glass was founded in 1999 and is based in Leeds, England.

Sell £315M
SELLER

Crystal Capital

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crystal Capital is an affiliate of Crystal Financial Corporation, Crystal Capital is a private investment firm that provides debt and equity capital to middle-market companies. Crystal Capital does not have an industry preference in evaluating opportunities, but looks to provide a minimum of $1 million in equity (co-investment) or $10 million in junior capital per transaction. Target companies typically generate sales of at least $150 million and EBITDA of $15 million. Crystal Capital was formed in 2006 and is based in Boston, Massachusetts with additional offices in Los Angeles, California; Stamford, Connecticut; and Chicago, Illinois.


DEAL STATS #
Overall 19 of 20
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Georgia) 1 of 1
Country (United States) 19 of 20
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Frontier Spinning

Sanford, North Carolina, United States

Frontier Spinning is a large U.S.-based producers of cotton and cotton/polyester blend yarns for the knitting and weaving industries and holds market-leading positions in open-end and air-jet spinning. Offering a diverse product line to fulfill the demands of customers worldwide, the yarn produced by Frontier Spinning is used in sportswear, undergarments, socks, sweaters, fleece, denim, and home furnishings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 iMedia Brands

Eden Prairie, Minnesota, United States

iMedia Brands is an interactive media company that owns a growing portfolio of TV networks, consumer brands and digital services. iMedia Brands is based in Eden Prairie, Minnesota.

Sell -