{{Short description|American private equity firm}} {{POV|date=May 2024|talk=Concerns_over_Neutral_POV/potential_COI_edits}} {{Use mdy dates|date=November 2020}} {{Infobox company | name = Sun Capital Partners, Inc. | logo = Sun_Capital_Partners_Logo_New.svg | type = [[Privately held company|Private]] | key_people = [[Rodger Krouse]] (co-CEO) <br> [[Marc J. Leder]] (co-CEO) | industry = | products = [[Private equity fund|Private Equity Funds]] | revenue = | net_income = | num_employees = | caption = | foundation = {{start date and age|1995}} | location = [[Boca Raton]], [[Florida]], United States | homepage = {{url|http://www.suncappart.com/}} }}
'''Sun Capital Partners, Inc.''', is an American [[private equity]] firm specializing in [[leveraged buyout]]s.<ref name="NYT2012">{{cite news |title=In a Romney Believer, Private Equity's Risks and Rewards |work=The New York Times |date=January 21, 2012 |url=https://www.nytimes.com/2012/01/22/business/in-a-romney-believer-private-equitys-risks-and-rewards.html |access-date=24 August 2020 |last1=Creswell |first1=Julie }}</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>
Since founding in 1995, over 540 companies with a combined >$50 billion in revenue have been invested in by Sun Capital. <ref name=":0">{{Cite web |date=2023-09-18 |title=Portfolio - Sun Capital Partners, Inc. |url=https://suncappart.com/portfolio/ |access-date=2026-03-05 |website=suncappart.com |language=en-US}}</ref>
According to the company website, their current portfolio consisted of about 40 companies in various different industries, employing about 28,000 people globally.<ref name=":0" />
==History== 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 |access-date=16 November 2020}}</ref>
It was reported by Spokane WA based The Spokesman-Review on July 9, 2007 Les Wexner, CEO of The Limited was giving up 75% ownership of Limited Brands stores to Sun Capital, receiving no money for the said transfer. <ref name=":1">{{Cite book |url=https://books.google.ca/books?id=eJIyAAAAIBAJ&pg=PA22&dq=Les+Wexner&article_id=4984,6804498&hl=en&sa=X&ved=2ahUKEwjyns6s7ImTAxVLEzQIHZ7BMXsQ6AF6BAgJEAM#v=onepage&q=Les%20Wexner&f=false |title=The Spokesman-Review |publisher=The Spokesman-Review |language=en}}</ref> In 2006 the 251 store locations with a total annual revenue of $493 million, was said to have been underperforming for years, according to Wexner.<ref name=":1" />
The remaining 25% was transferred to Sun Capital for $32 million in 2010. <ref>{{Cite web |last=Edelson |first=Sharon |date=2010-06-17 |title=Sun Capital Buys Remaining Limited Stake |url=https://wwd.com/business-news/financial/sun-capital-buys-remaining-limited-stake-3125625/ |access-date=2026-03-06 |website=WWD |language=en-US}}</ref><ref>{{Cite news |last=Merced |first=Michael J. de la |last2=Clifford |first2=Stephanie |date=2010-06-17 |title=Limited Brands to Cut Ties to The Limited |url=https://www.nytimes.com/2010/06/17/business/17limited.html |access-date=2026-03-06 |work=The New York Times |language=en-US |issn=0362-4331}}</ref>
In 2015, Sun Capital sold Point Blank Enterprises.<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 |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 |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 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 |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>
==References== {{reflist}}
==External links== * [http://www.suncappart.com/ Sun Capital Partners] (Company website) * [http://biz.yahoo.com/ic/111/111610.html Sun Capital Partners Yahoo Finance] * [https://www.google.com/finance/?cid=6362874 Sun Capital Partners Google Finance] * [http://www.hoovers.com/company-information/cs/company-profile.sun_capital_partners_inc.d40a0a7e97f5857f.html Sun Capital Partners Hoovers]
{{Sun Capital Partners}} {{Private equity and venture capital}}
[[Category:1995 establishments in Florida]] [[Category:Financial services companies established in 1995]] [[Category:Private equity firms of the United States]] [[Category:Companies based in Boca Raton, Florida]] [[Category:American companies established in 1995]]