Sun Capital Partners

Last updated

Sun Capital Partners, Inc.
Company type Private
Founded1995;29 years ago (1995)
Headquarters Boca Raton, Florida, United States
Key people
Rodger Krouse (co-CEO)
Marc J. Leder (co-CEO)
Products Private Equity Funds
Website www.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]

Contents

History

Sun Capital originally formed Emerald through a corporate carveout of food ingredients and industrial specialties divisions of Lubrizol. [3]

In 2015, Sun Capital sold Point Blank Enterprises. [4] Sun Capital originally assembled Point Blank's assets through bankruptcy auction processes. [5]

In 2016, The Wall Street Journal reported that Sun Capital had returned more than 18 times its investment in Critical Flow Solutions after doubling the portfolio company's earnings in less than two years. [6] Sun originally formed Critical Flow in 2015 in a corporate carveout of three business units from Curtiss-Wright Corporation. [7] 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. [8]

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References

  1. 1 2 "In a Romney Believer, Private Equity's Risks and Rewards". New York Times. Retrieved August 24, 2020.
  2. "Interview With Sun Capital's Rodger Krouse". Privcap. Retrieved August 24, 2020.
  3. "Lubrizol Sells Ingredients Businesses to Private Equity". Food Ingredients First. Food Ingredients First. Retrieved November 16, 2020.
  4. "Sun Capital shines in buying, fixing and selling firms". Baltimore Sun. Baltimore Sun. Retrieved November 16, 2020.
  5. "Affiliate of Sun Capital Partners, Inc. Completes Sale of Point Blank Enterprises, Inc". Sun Capital Partners. Sun Capital Partners. June 2015. Retrieved November 16, 2020.
  6. Kreutzer, Laura (October 13, 2016). "Sun Capital Returns More Than 18-Times Its Money on Critical Flow Sale". Wall Street Journal. WSJ. Retrieved November 16, 2020.
  7. "Affiliate of Sun Capital Partners Completes Sale of Critical Flow Solutions for $210 Million". Sun Capital Partners. Sun Capital Partners. October 13, 2016. Retrieved November 16, 2020.
  8. Kreutzer, Laura (December 8, 2016). "Kreutzer's Take: How Sun Capital Turned a Mini Deal Into a Mammoth Multiple". Wall Street Journal. Retrieved August 24, 2020.