Sun Capital Partners, Inc., is an American

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

firm specializing in

leveraged buyout A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of t ...

s. Sun Capital was founded in 1995 by Marc J. Leder and

Rodger Krouse Rodger Russell Krouse (born 1961) is an American businessperson who co-founded Sun Capital Partners, Inc., an American investment firm based in Boca Raton, Florida, Boca Raton, Florida, United States. Early life and education Krouse was born to ...

, former classmates at the

Wharton School of the University of Pennsylvania The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton ...

and

investment bankers Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by unde ...

Lehman Brothers Lehman Brothers Inc. ( ) was an American global financial services firm founded in 1850. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merril ...

History

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. Sun Capital originally assembled Point Blank's assets through bankruptcy auction processes. In 2016, ''

The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

'' 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. Sun originally formed Critical Flow in 2015 in a corporate carveout of three business units from

Curtiss-Wright Corporation The Curtiss-Wright Corporation is an American manufacturer and services provider headquartered in Davidson, North Carolina, with factories and operations in and outside the United States. Created in 1929 from the consolidation of Curtiss, Wrigh ...

. ''

'' subsequently reported that Sun Capital's sale of Admiral Petroleum Co. and Lemmen Oil Co. returned 1,530 times Sun Capital's original investment.

References

External links

Sun Capital Partners
(Company website)

Sun Capital Partners Google Finance

{{Private equity and venture capital 1995 establishments in Florida Financial services companies established in 1995 Private equity firms of the United States Companies based in Boca Raton, Florida American companies established in 1995