Sun Capital Partners
Sun Capital Partners, Inc., is an American private equity firm specializing in leveraged buyouts. 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. As of March 31, 2021, Sun Capital has approximately $13 billion of cumulative capital commitments and has invested in more than 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. 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. 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. Sun Capital targets platform companies with revenues between $50 million and $1.0 billion as well add-on acquisitions. Sun Capital focuses on several transaction types, including corporate carve-outs, founder-owned, and sponsor-to-sponsor. 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. Sun Capital originally formed Emerald through a corporate carveout of food ingredients and industrial specialties divisions of Lubrizol. In 2015, Sun Capital sold Point Blank Enterprises after helping the portfolio company grow revenue by adding new products and tripling exports. Sun's sale of Point Blank was subsequently deemed "Turnaround Deal of the Year" by "Buyouts Insider". Sun Capital originally assembled Point Blank's assets through bankruptcy auction processes . 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. Sun originally formed Critical Flow in 2015 in a corporate carveout of three business units from Curtiss-Wright Corporation. "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. In 2017, "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%. "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. 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. 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. 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. In 2020, Sun Capital celebrated its 25th Anniversary. In 2021, Sun Capital formalized its investment focus on the technology industry.