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'''Sun Capital Partners, Inc.''', is an American [[private equity]] firm specializing in [[leveraged buyout]]s.<ref name="NYT2012">{{cite web |title=In a Romney Believer, Private Equity’s Risks and Rewards |url=https://www.nytimes.com/2012/01/22/business/in-a-romney-believer-private-equitys-risks-and-rewards.html |website=New York Times |access-date=24 August 2020}}</ref> Sun Capital was founded in 1995 by [[Marc J. Leder]] and [[Rodger Krouse]], former classmates at the [[Wharton School of the University of Pennsylvania]] and [[investment banking | investment bankers]] at [[Lehman Brothers]].<ref name="NYT2012"/><ref name="Privcap2019">{{cite web |title=Interview With Sun Capital’s Rodger Krouse |url=https://www.privcap.com/reports/interview-with-sun-capitals-rodger-krouse/ |website=Privcap |access-date=24 August 2020}}</ref>
'''Sun Capital Partners, Inc.''', is an American [[private equity]] firm specializing in [[leveraged buyout]]s.<ref name="NYT2012">{{cite web |title=In a Romney Believer, Private Equity’s Risks and Rewards |url=https://www.nytimes.com/2012/01/22/business/in-a-romney-believer-private-equitys-risks-and-rewards.html |website=New York Times |access-date=24 August 2020}}</ref> Sun Capital was founded in 1995 by [[Marc J. Leder]] and [[Rodger Krouse]], former classmates at the [[Wharton School of the University of Pennsylvania]] and [[investment banking | investment bankers]] at [[Lehman Brothers]].<ref name="NYT2012"/><ref name="Privcap2019">{{cite web |title=Interview With Sun Capital’s Rodger Krouse |url=https://www.privcap.com/reports/interview-with-sun-capitals-rodger-krouse/ |website=Privcap |access-date=24 August 2020}}</ref>


As of March 31, 2021, Sun Capital has approximately $13 Billion of Cumulative Capital Commitments and has invested in more than 425 [[portfolio company | portfolio companies]] worldwide with [[revenue | revenues]] in excess of $50 billion across a broad range of [[Industry (economics)| industries]], including [[service (business) | business services]], [[technology industry | technology]], [[healthcare industry | healthcare]], [[paper]] and [[packaging]], [[building material | building products]], general [[consumer good | consumer]], and [[industrial production | industrial]], among others.<ref name="AboutUs">{{cite web |title=About Us |url=https://suncappart.com/about/ |website=Sun Capital Partners Website |access-date=24 August 2020}}</ref><ref name="Pitchbook072619">{{cite web |title=Sun Capital raises $2.3 billion for Fund VII |url=https://pitchbook.com/newsletter/sun-capital-meets-23b-goal |website=PitchBook |access-date=24 August 2020}}</ref><ref name="PaperPackaging">{{cite web |title=Paper and Packaging |url=https://suncappart.com/sector/paper-packaging/ |website=Sun Capital Partners |access-date=24 August 2020}}</ref> Sun Capital is headquartered in [[Boca Raton]], [[Florida]], with additional offices in [[New York City]] and [[Los Angeles]], and an [[affiliate (commerce) | affiliate]] with offices in [[London]].<ref name="AboutUs" /><ref name="SCP">{{cite web |title=Contact Us |url=https://suncappart.com/contact/ |website=Sun Capital Partners |access-date=24 August 2020}}</ref>
As of 31 March 2021, Sun Capital has approximately $13 billion of Cumulative Capital Commitments and had invested in over 425 [[portfolio company | portfolio companies]] worldwide with [[revenue | revenues]] in excess of $50 billion across a broad range of [[Industry (economics)| industries]], including [[service (business) | business services]], [[technology industry | technology]], [[healthcare industry | healthcare]], [[paper]] and [[packaging]], [[building material | building products]], general [[consumer good | consumer]], and [[industrial production | industrial]], among others.<ref name="AboutUs">{{cite web |title=About Us |url=https://suncappart.com/about/ |website=Sun Capital Partners Website |access-date=24 August 2020}}</ref><ref name="Pitchbook072619">{{cite web |title=Sun Capital raises $2.3 billion for Fund VII |url=https://pitchbook.com/newsletter/sun-capital-meets-23b-goal |website=PitchBook |access-date=24 August 2020}}</ref><ref name="PaperPackaging">{{cite web |title=Paper and Packaging |url=https://suncappart.com/sector/paper-packaging/ |website=Sun Capital Partners |access-date=24 August 2020}}</ref> Sun Capital is headquartered in [[Boca Raton]], [[Florida]], with additional offices in [[New York City]] and [[Los Angeles]], and an [[affiliate (commerce) | affiliate]] with offices in [[London]].<ref name="AboutUs" /><ref name="SCP">{{cite web |title=Contact Us |url=https://suncappart.com/contact/ |website=Sun Capital Partners |access-date=24 August 2020}}</ref>


Sun Capital's investment strategy involves a variety of proprietary [[business operations | operational]] tools to help [[portfolio company | portfolio companies]] grow [[revenue]], lower [[cost | costs]], improve company [[organizational culture | cultures]], and enhance [[business process | processes]].<ref name="Ops">{{cite web |title=Operations Strategy |url=https://suncappart.com/about/operations-strategy/ |website=Sun Capital Partners |access-date=24 August 2020}}</ref> Sun Capital targets platform companies with [[revenue | revenues]] between $50 million and $1.0 billion as well [[bolt-on acquisition | add-on acquisitions]].<ref name="InvestmentFocus">{{cite web |title=Investment Focus |url=https://suncappart.com/about/investment-focus/ |website=Sun Capital Partners |access-date=24 August 2020}}</ref> Sun Capital focuses on several [[mergers and acquisitions | transaction]] types, including [[divisional buyout | corporate carve-outs]], [[organizational founder | founder-owned]], and [[financial sponsor | sponsor]]-to-[[financial sponsor |sponsor]].<ref name="InvestmentFocus" />
Sun Capital's investment strategy involves a variety of proprietary [[business operations | operational]] tools to help [[portfolio company | portfolio companies]] grow [[revenue]], lower [[cost | costs]], improve company [[organizational culture | cultures]], and enhance [[business process | processes]].<ref name="Ops">{{cite web |title=Operations Strategy |url=https://suncappart.com/about/operations-strategy/ |website=Sun Capital Partners |access-date=24 August 2020}}</ref> Sun Capital targets platform companies with [[revenue | revenues]] between $50 million and $1.0 billion as well [[bolt-on acquisition | add-on acquisitions]].<ref name="InvestmentFocus">{{cite web |title=Investment Focus |url=https://suncappart.com/about/investment-focus/ |website=Sun Capital Partners |access-date=24 August 2020}}</ref> Sun Capital focuses on several [[mergers and acquisitions | transaction]] types, including [[divisional buyout | corporate carve-outs]], [[organizational founder | founder-owned]], and [[financial sponsor | sponsor]]-to-[[financial sponsor |sponsor]].<ref name="InvestmentFocus" />
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==History==
==History==


In 2014, ''[[Private Equity International]]'' and ''Privcap'' reported that Sun Capital stood to return 9-times its investment in Emerald Performance Materials after more than tripling the portfolio company's earnings in its six years under Sun's stewardship.<ref>{{cite web |title=Sun Capital books $1bn plus exit on specialty chemicals company |url=https://www.privateequityinternational.com/sun-capital-books-1bn-plus-exit-on-specialty-chemicals-company2/ |website=Private Equity International |date=4 June 2014 |publisher=PEI |access-date=16 November 2020}}</ref><ref>{{cite web |title=Sun Capital's successful Emerald Performance Exit |url=https://www.privcap.com/sun-capitals-successful-emerald-performance-exit/ |website=Privcap |date=27 October 2014 |publisher=Privcap |access-date=16 November 2020}}</ref> Sun Capital originally formed Emerald through a corporate carveout of food ingredients and industrial specialties divisions of [[Lubrizol]].<ref>{{cite web |title=Lubrizol Sells Ingredients Businesses to Private Equity |url=https://www.foodingredientsfirst.com/news/lubrizol-sells-ingredients-businesses-to-private-equity.html |website=Food Ingredients First |publisher=Food Ingredients First |access-date=16 November 2020}}</ref>
In 2014, ''[[Private Equity International]]'' and ''Privcap'' had reported that Sun Capital had stood to return nine-times its investment in Emerald Performance Materials after more than tripling the portfolio company's earnings in its six years under Sun's stewardship.<ref>{{cite web |title=Sun Capital books $1bn plus exit on specialty chemicals company |url=https://www.privateequityinternational.com/sun-capital-books-1bn-plus-exit-on-specialty-chemicals-company2/ |website=Private Equity International |date=4 June 2014 |publisher=PEI |access-date=16 November 2020}}</ref><ref>{{cite web |title=Sun Capital's successful Emerald Performance Exit |url=https://www.privcap.com/sun-capitals-successful-emerald-performance-exit/ |website=Privcap |date=27 October 2014 |publisher=Privcap |access-date=16 November 2020}}</ref> Sun Capital originally formed Emerald through a corporate carveout of food ingredients and industrial specialties divisions of [[Lubrizol]].<ref>{{cite web |title=Lubrizol Sells Ingredients Businesses to Private Equity |url=https://www.foodingredientsfirst.com/news/lubrizol-sells-ingredients-businesses-to-private-equity.html |website=Food Ingredients First |publisher=Food Ingredients First |access-date=16 November 2020}}</ref>


In 2015, Sun Capital sold Point Blank Enterprises after helping the portfolio company grow revenue by adding new products and tripling exports.<ref>{{cite web |title=Sun Capital shines in buying, fixing and selling firms |url=https://www.baltimoresun.com/fl-sun-capital-profile-20140816-story.html |website=Baltimore Sun |publisher=Baltimore Sun |access-date=16 November 2020}}</ref> Sun's sale of Point Blank was subsequently deemed "Turnaround Deal of the Year" by ''Buyouts Insider''.<ref name="Point Blank Buyoutinsider">{{cite web |title=Deal of the Year, Turnaround, 2016 |url=https://www.buyoutsinsider.com/sun-reaps-solid-return-on-body-armor-turnaround/ |website=Buyoutinsider |date=20 March 2016 |publisher=Buyoutinsider |access-date=16 November 2020}}</ref> Sun Capital originally assembled Point Blank's assets through bankruptcy auction processes.<ref name="Point Blank SCP">{{cite web |title=Affiliate of Sun Capital Partners, Inc. Completes Sale of Point Blank Enterprises, Inc. |url=https://suncappart.com/2015/06/01/affiliate-of-sun-capital-partners-inc-completes-sale-of-point-blank-enterprises-inc/ |website=Sun Capital Partners |date=June 2015 |publisher=Sun Capital Partners |access-date=16 November 2020}}</ref>
In 2015, Sun Capital had sold Point Blank Enterprises after helping the portfolio company grow revenue by adding new products and tripling exports.<ref>{{cite web |title=Sun Capital shines in buying, fixing and selling firms |url=https://www.baltimoresun.com/fl-sun-capital-profile-20140816-story.html |website=Baltimore Sun |publisher=Baltimore Sun |access-date=16 November 2020}}</ref> Sun's sale of Point Blank was subsequently deemed "Turnaround Deal of the Year" by ''Buyouts Insider''.<ref name="Point Blank Buyoutinsider">{{cite web |title=Deal of the Year, Turnaround, 2016 |url=https://www.buyoutsinsider.com/sun-reaps-solid-return-on-body-armor-turnaround/ |website=Buyoutinsider |date=20 March 2016 |publisher=Buyoutinsider |access-date=16 November 2020}}</ref> Sun Capital had originally assembled Point Blank's assets through bankruptcy auction processes.<ref name="Point Blank SCP">{{cite web |title=Affiliate of Sun Capital Partners, Inc. Completes Sale of Point Blank Enterprises, Inc. |url=https://suncappart.com/2015/06/01/affiliate-of-sun-capital-partners-inc-completes-sale-of-point-blank-enterprises-inc/ |website=Sun Capital Partners |date=June 2015 |publisher=Sun Capital Partners |access-date=16 November 2020}}</ref>


In 2016, ''[[The Wall Street Journal]]'' reported that Sun Capital had returned more than 18-times its investment in Critical Flow Solutions, after more than doubling the portfolio company's earnings in less than two years.<ref name="Critical Flow WSJ">{{cite news |title=Sun Capital Returns More Than 18-Times Its Money on Critical Flow Sale |url=https://www.wsj.com/articles/sun-capital-returns-more-than-18-times-its-money-on-critical-flow-sale-1476389608 |website=Wall Street Journal |date=13 October 2016 |publisher=WSJ |access-date=16 November 2020|last1=Kreutzer |first1=Laura }}</ref> Sun originally formed Critical Flow in 2015 in a corporate carveout of three business units from [[Curtiss-Wright Corporation]].<ref name="Critical Flow SCP">{{cite web |title=Affiliate of Sun Capital Partners Completes Sale of Critical Flow Solutions for $210 Million |url=https://suncappart.com/2016/10/13/affiliate-of-sun-capital-partners-completes-sale-of-critical-flow-solutions-for-210-million/ |website=Sun Capital Partners |date=13 October 2016 |publisher=Sun Capital Partners |access-date=16 November 2020}}</ref> ''[[The Wall Street Journal]]'' subsequently reported that Sun Capital's sale of Admiral Petroleum Co. and Lemmen Oil Co. returned 1,530 times Sun Capital's original investment.<ref name="MammothMultiple">{{cite news |title=Kreutzer's Take: How Sun Capital Turned a Mini Deal Into a Mammoth Multiple |url=https://www.wsj.com/articles/kreutzers-take-how-sun-capital-turned-a-mini-deal-into-a-mammoth-multiple-1481200204 |website=Wall Street Journal |date=8 December 2016 |access-date=24 August 2020|last1=Kreutzer |first1=Laura }}</ref>
In 2016, ''[[The Wall Street Journal]]'' had reported that Sun Capital had been returning more than 18-times its investment in Critical Flow Solutions, after more than doubling the portfolio company's earnings in less than two years.<ref name="Critical Flow WSJ">{{cite news |title=Sun Capital Returns More Than 18-Times Its Money on Critical Flow Sale |url=https://www.wsj.com/articles/sun-capital-returns-more-than-18-times-its-money-on-critical-flow-sale-1476389608 |website=Wall Street Journal |date=13 October 2016 |publisher=WSJ |access-date=16 November 2020|last1=Kreutzer |first1=Laura }}</ref> Sun had originally formed Critical Flow in 2015 in a corporate carveout of three business units from [[Curtiss-Wright Corporation]].<ref name="Critical Flow SCP">{{cite web |title=Affiliate of Sun Capital Partners Completes Sale of Critical Flow Solutions for $210 Million |url=https://suncappart.com/2016/10/13/affiliate-of-sun-capital-partners-completes-sale-of-critical-flow-solutions-for-210-million/ |website=Sun Capital Partners |date=13 October 2016 |publisher=Sun Capital Partners |access-date=16 November 2020}}</ref> ''[[The Wall Street Journal]]'' had subsequently reported that Sun Capital's sale of Admiral Petroleum Co. and Lemmen Oil Co. had returned 1,530 times Sun Capital's original investment.<ref name="MammothMultiple">{{cite news |title=Kreutzer's Take: How Sun Capital Turned a Mini Deal Into a Mammoth Multiple |url=https://www.wsj.com/articles/kreutzers-take-how-sun-capital-turned-a-mini-deal-into-a-mammoth-multiple-1481200204 |website=Wall Street Journal |date=8 December 2016 |access-date=24 August 2020|last1=Kreutzer |first1=Laura }}</ref>


In 2017, ''[[PitchBook Data | PitchBook]]'' highlighted Sun Capital Partners VI as one of the top six performing billion-dollar US buyout funds in the prior five years, with an [[internal rate of return]] of 65.1%.<ref name="TOPFUNDS">{{cite web |title=The top 6 billion-dollar US buyout funds of the past five years |url=https://pitchbook.com/news/articles/the-top-6-billion-dollar-buyout-funds-of-the-past-five-years |website=PitchBook |access-date=24 August 2020}}</ref> ''[[PitchBook Data | PitchBook]]'' subsequently reported that Sun Capital had sold Aclara Technologies for $1.1 billion after acquiring the smart infrastructure systems provider for $130 million in 2014, sponsoring four add-on acquisitions, and helping quadruple earnings during the investment period.<ref name="Aclara">{{cite web |title=Sun Capital to exit Aclara for $1.1B |url=https://pitchbook.com/newsletter/sun-capital-to-exit-aclara-for-11b |website=PitchBook |publisher=PitchBook |access-date=16 November 2020}}</ref>
In 2017, ''[[PitchBook Data | PitchBook]]'' had highlighted Sun Capital Partners VI as one of the top six performing billion-dollar US buyout funds in the prior five years, with an [[internal rate of return]] of 65.1%.<ref name="TOPFUNDS">{{cite web |title=The top 6 billion-dollar US buyout funds of the past five years |url=https://pitchbook.com/news/articles/the-top-6-billion-dollar-buyout-funds-of-the-past-five-years |website=PitchBook |access-date=24 August 2020}}</ref> ''[[PitchBook Data | PitchBook]]'' had subsequently reported that Sun Capital had acquired [[Aclara Technologies]] for $1.1 billion after acquiring the smart infrastructure systems provider for over $100 million back in 2014, sponsoring four add-on acquisitions, and helping quadruple earnings during the investment period.<ref name="Aclara">{{cite web |title=Sun Capital to exit Aclara for $1.1B |url=https://pitchbook.com/newsletter/sun-capital-to-exit-aclara-for-11b |website=PitchBook |publisher=PitchBook |access-date=16 November 2020}}</ref>


In 2018, ''[[The Wall Street Journal]]'' reported that "Sun Capital cashes in again on manufacturing with Robertshaw Sale" after Sun helped the appliance components manufacturer more than double earnings over a four-year period and sell for approximately $900 million.<ref name="Robertshaw">{{cite news |title=Sun Capital Cashes In Again on Manufacturing With Robertshaw Sale |url=https://www.wsj.com/articles/sun-capital-cashes-in-again-on-manufacturing-with-robertshaw-sale-1515156300 |website=Wall Street Journal |date=5 January 2018 |publisher=WSJ |access-date=16 November 2020|last1=Kreutzer |first1=Laura }}</ref>
In 2018, ''[[The Wall Street Journal]]'' had reported that "Sun Capital cashes in again on manufacturing with Robertshaw Sale" after Sun had helped the appliance components manufacturer more than double earnings over a four-year period and sell for approximately $900 million.<ref name="Robertshaw">{{cite news |title=Sun Capital Cashes In Again on Manufacturing With Robertshaw Sale |url=https://www.wsj.com/articles/sun-capital-cashes-in-again-on-manufacturing-with-robertshaw-sale-1515156300 |website=Wall Street Journal |date=5 January 2018 |publisher=WSJ |access-date=16 November 2020|last1=Kreutzer |first1=Laura }}</ref>


In 2019, ''PE Hub'' reported that Sun Capital had sold Horizon Group Holdings after helping the HVAC services company successfully complete ten add-on acquisitions, enter four new markets, and increase headcount by over 800 professionals.<ref>{{cite web |title=Sun Capital sells Horizon |url=https://www.pehub.com/sun-capital-sells-horizon/ |website=PE Hub |date=13 November 2019 |publisher=PE Hub |access-date=16 November 2020}}</ref>
In 2019, ''PE Hub'' had reported that Sun Capital had sold Horizon Group Holdings after helping the HVAC services company had successfully completed ten add-on acquisitions, enter four new markets, and increase headcount by over 800 professionals.<ref>{{cite web |title=Sun Capital sells Horizon |url=https://www.pehub.com/sun-capital-sells-horizon/ |website=PE Hub |date=13 November 2019 |publisher=PE Hub |access-date=16 November 2020}}</ref>


In 2020, ''PE Hub'' reported that Sun Capital's investment in ClearChoice Management Services looked like "a clear home run" after helping the [[dental implant]] provider approximately double earnings over a three-year period and sell for more than $1.1 billion.<ref name="ClearChoice">{{cite web |title=PE-backed Aspen Dental buys Sun Capital's ClearChoice in $1.1bn-plus deal |url=https://www.pehub.com/pe-backed-aspen-dental-buys-sun-capitals-clearchoice-in-1-1bn-plus-deal/ |website=PE Hub |date=16 November 2020 |publisher=PE Hub |access-date=16 November 2020}}</ref>
In 2020, ''PE Hub'' had reported that Sun Capital's investment in ClearChoice Management Services looked like "a clear home run" after helping the [[dental implant]] provider approximately double earnings over a three-year period and sell for more than $1.1 billion.<ref name="ClearChoice">{{cite web |title=PE-backed Aspen Dental buys Sun Capital's ClearChoice in $1.1bn-plus deal |url=https://www.pehub.com/pe-backed-aspen-dental-buys-sun-capitals-clearchoice-in-1-1bn-plus-deal/ |website=PE Hub |date=16 November 2020 |publisher=PE Hub |access-date=16 November 2020}}</ref>


In 2020, Sun Capital celebrated its 25th Anniversary.<ref>{{cite web|url=https://suncappart.com/2020/05/26/sun-capital-partners-observes-25th-anniversary-as-leading-private-equity-investor/|title=Sun Capital Observes 25th Anniversary|date=26 May 2020}}</ref>
In 2020, Sun Capital had celebrated their 25th Anniversary.<ref>{{cite web|url=https://suncappart.com/2020/05/26/sun-capital-partners-observes-25th-anniversary-as-leading-private-equity-investor/|title=Sun Capital Observes 25th Anniversary|date=26 May 2020}}</ref>


In 2021, Sun Capital formalized its investment focus on the technology industry.<ref>{{cite web|url=https://suncappart.com/2021/03/04/sun-capital-partners-affiliate-acquires-exadel-a-founder-owned-software-development-leader-focused-on-digital-transformation/|title=Sun Capital Partners Affiliate Acquires Exadel, a Founder-Owned Software Development Leader Focused on Digital Transformation|date=4 March 2021}}</ref>
In 2021, Sun Capital had formalised its investment focus on the tech industry.<ref>{{cite web|url=https://suncappart.com/2021/03/04/sun-capital-partners-affiliate-acquires-exadel-a-founder-owned-software-development-leader-focused-on-digital-transformation/|title=Sun Capital Partners Affiliate Acquires Exadel, a Founder-Owned Software Development Leader Focused on Digital Transformation|date=4 March 2021}}</ref>


==Select Investments==
==Select Investments==

Revision as of 23:03, 22 November 2021

Sun Capital Partners, Inc.
Company typePrivate
Founded1995; 29 years ago (1995)
HeadquartersBoca Raton, Florida, United States
Key people
Rodger Krouse (co-CEO)
Marc J. Leder (co-CEO)
ProductsPrivate Equity Funds
Websitewww.suncappart.com

Sun Capital Partners, Inc., is an American private equity firm specializing in leveraged buyouts.[1] Sun Capital was founded in 1995 by Marc J. Leder and Rodger Krouse, former classmates at the Wharton School of the University of Pennsylvania and investment bankers at Lehman Brothers.[1][2]

As of 31 March 2021, Sun Capital has approximately $13 billion of Cumulative Capital Commitments and had invested in over 425 portfolio companies worldwide with revenues in excess of $50 billion across a broad range of industries, including business services, technology, healthcare, paper and packaging, building products, general consumer, and industrial, among others.[3][4][5] Sun Capital is headquartered in Boca Raton, Florida, with additional offices in New York City and Los Angeles, and an affiliate with offices in London.[3][6]

Sun Capital's investment strategy involves a variety of proprietary operational tools to help portfolio companies grow revenue, lower costs, improve company cultures, and enhance processes.[7] Sun Capital targets platform companies with revenues between $50 million and $1.0 billion as well add-on acquisitions.[8] Sun Capital focuses on several transaction types, including corporate carve-outs, founder-owned, and sponsor-to-sponsor.[8]

History

In 2014, Private Equity International and Privcap had reported that Sun Capital had stood to return nine-times its investment in Emerald Performance Materials after more than tripling the portfolio company's earnings in its six years under Sun's stewardship.[9][10] Sun Capital originally formed Emerald through a corporate carveout of food ingredients and industrial specialties divisions of Lubrizol.[11]

In 2015, Sun Capital had sold Point Blank Enterprises after helping the portfolio company grow revenue by adding new products and tripling exports.[12] Sun's sale of Point Blank was subsequently deemed "Turnaround Deal of the Year" by Buyouts Insider.[13] Sun Capital had originally assembled Point Blank's assets through bankruptcy auction processes.[14]

In 2016, The Wall Street Journal had reported that Sun Capital had been returning more than 18-times its investment in Critical Flow Solutions, after more than doubling the portfolio company's earnings in less than two years.[15] Sun had originally formed Critical Flow in 2015 in a corporate carveout of three business units from Curtiss-Wright Corporation.[16] The Wall Street Journal had subsequently reported that Sun Capital's sale of Admiral Petroleum Co. and Lemmen Oil Co. had returned 1,530 times Sun Capital's original investment.[17]

In 2017, PitchBook had highlighted Sun Capital Partners VI as one of the top six performing billion-dollar US buyout funds in the prior five years, with an internal rate of return of 65.1%.[18] PitchBook had subsequently reported that Sun Capital had acquired Aclara Technologies for $1.1 billion after acquiring the smart infrastructure systems provider for over $100 million back in 2014, sponsoring four add-on acquisitions, and helping quadruple earnings during the investment period.[19]

In 2018, The Wall Street Journal had reported that "Sun Capital cashes in again on manufacturing with Robertshaw Sale" after Sun had helped the appliance components manufacturer more than double earnings over a four-year period and sell for approximately $900 million.[20]

In 2019, PE Hub had reported that Sun Capital had sold Horizon Group Holdings after helping the HVAC services company had successfully completed ten add-on acquisitions, enter four new markets, and increase headcount by over 800 professionals.[21]

In 2020, PE Hub had reported that Sun Capital's investment in ClearChoice Management Services looked like "a clear home run" after helping the dental implant provider approximately double earnings over a three-year period and sell for more than $1.1 billion.[22]

In 2020, Sun Capital had celebrated their 25th Anniversary.[23]

In 2021, Sun Capital had formalised its investment focus on the tech industry.[24]

Select Investments

  • 2003: Sun Capital Partners acquired bagel chain Bruegger's Enterprises[25] and majority share of Mackie Designs.[26]
  • 2005: Sun Capital Partners acquired Creekstone Farms.[27]
  • 2005: Sun Capital Partners acquired Exopack, but following the purchase of additional international companies,[28] the company became Coveris.[29]
  • 2006: Sun Capital completed 33 transactions (both portfolio and add-on acquisitions) among which was Marsh Supermarkets of Indianapolis, Indiana, the owner/operator of 128 supermarkets/food stores, and 400 Village Pantry convenience stores, among other divisions.[30]
  • 2006: Sun Capital Partners acquired Big 10 Tire Stores.[31]
  • 2006: Sun Capital Partners acquired Del Monte Canada which it then sold it to ConAgra Foods in 2012.[32]
  • 2007: Sun Capital acquired majority stake in The Limited from L Brands in 2007 and the rest in 2010. They wrote off the investment and closed stores in 2017.[33]
  • 2007 Sun Capital Partners acquired Restaurants Unlimited Inc for an unspecified amount.[34]
  • 2008: Sun Capital Partners completed 26 transactions including a majority interest in Gordmans, a department store chain headquartered in Omaha, Nebraska.[35]
  • 2008: Sun Capital Partners acquired Frontier Spinning Mills.[36]
  • 2008: Sun Capital Partners acquired Kellwood.[37]
  • 2008: Sun Capital Partners acquired Neckermann, one of the leading European mail order companies. Sun Capital Partners refused funding the restructuring of Neckermann in 2012, resulting in bankruptcy.
  • 2010: Sun Capital Partners acquired V&D, the largest Dutch warehouse chain that employed 10,000 people.[38] The chain went bankrupt in 2015 when Sun Capital Partners refused to extend additional credit.[38]
  • 2011: Sun Capital completed 33 transactions including an investment in The SCOOTER Store,[39] acquired NextPharma (UK), Polestar UK Print, the Britton Group, Vitro America, Contessa Premium Foods and Scotch and Soda (clothing), an Amsterdam-based clothing manufacturer/retailer and Kobusch-Sengewald, a German-based packaging provider. Sun Capital has also exited Bruegger's Bagels[25] which was acquired by Groupe Le Duff and Big 10 Tires which was acquired by Pep Boys.
  • 2012: Sun Capital completed 30 transactions including Strauss Innovation, a Germany-based home furnishing and apparel retailer, American Golf UK clothing retailer Bonmarché, CornerStone Research & Development, Certified Power and Elix Polymers. Sun Capital has also exited Thermasys which was acquired by Wellspring Capital Management, Del Monte Canada was sold to ConAgra Foods[32] and Raybestos Powertrain was sold to Monomoy Capital Partners,[40] FRS was sold to Park-Ohio Holdings,[41] Sonneborn was sold to One Equity Partners[42][43] and Fearmans Pork was sold to Sofina Foods.[44]
  • 2012: Sun Capital acquired S&N Communications.[45]
  • 2013: Sun Capital completed eighteen acquisitions, eight exits and two IPOs. Some transactions include: Johnny Rockets was sold to Sun Capital Partners in 2013.[46] A majority stake in food packaging company Paragon Print and Packaging was also acquired by Sun Capital Partners in 2013.[47]
  • 2014: Sun Capital completed the acquisitions of ADTI, Aclara and Robertshaw. Sun Capital exited Wabash, Farfield Companies, Certified Power, Cornerstone, Manoir Aerospace, Emerald Performance Materials, DBA Apparel[48] and Chicago Leisure.
  • 2015: Sun Capital completed the acquisitions of Critical Flow Solutions, Flabeg, Flexitech and Flamingo Horticulture. Sun Capital exited Point Blank, VPS, Fazoli's, Vari-Form, Hickory Farms, Polestar and LOUD Technologies, Inc.
  • 2015: Sun Capital sold Point Blank to JLL Partners.[49]
  • 2016 Sun Capital Partners exited Kellwood Company, Admiral,[50] Critical Flow Solutions[51] and Innocor.[52]
  • 2016: Sun Capital Partners acquired Furniture Factory Outlet.[53]
  • 2017: Sun Capital Partners acquired BWGS,[54] Arrow Tru-Line,[55] Horizon Services,[56] AMES Taping Tools,[57] and C&K Holdings.[58]
  • 2017: Sun Capital Partners sold Creekstone Farms to Marubeni Corp.[59] and NextPharma to CapVest.[60]
  • 2018: Sun Capital Partners acquired ClearChoice Holdings,[61] Afriflora[62] and ESIM Chemicals.[63]
  • 2018: Sun Capital Partners sold Aclara,[64] Robertshaw,[65] Albéa[66] and Demilec.[67]
  • 2019: Sun Capital Partners sold Horizon Services.[68]
  • 2019: Sun Capital Partners sold Rebecca Taylor and Parker fashion brands to Vince. Sun Capital Partners also owns 75% of Vince. [69]
  • 2020: Sun Capital sold ClearChoice Dental Implant Center. [70]
  • 2020: Sun Capital Partners Foundation Donates $300,000 to South Florida Charities[71]
  • 2021: Sun Capital Formalized Focus on Tech Investment Vertical and Acquires First Tech Deal, Exadel. [72]
  • 2021: Sun Capital Acquires Century Distribution Systems [73]
  • 2021: Sun Capital Completes Second Technology Investment, LoanLogics. [74]

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