News

Affiliate of Sun Capital Partners Completes Sale of Horizon Services

Sun Capital Partners, Inc. (“Sun Capital” or “Sun”) a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that an affiliate has completed the sale of Horizon Group Holdings, LLC (“Horizon,” or “the Company”), a premier residential provider of heating, air conditioning, plumbing, and electrical services. Terms of the private transaction were not disclosed.

Headquartered in Newark, Delaware, Horizon is one of the nation’s largest and most referred home services companies and is a leading seller and installer of energy-efficient heating and cooling systems in the eight states where it does business.

During the Sun Capital affiliate’s ownership period, the Company successfully completed 10 add-on acquisitions expanding its footprint into four new markets: Northern New Jersey, Northern Virginia, Atlanta, and Florida.

“Sun Capital has been an outstanding partner in Horizon’s growth,“ comments Dave Geiger, Horizon founder and CEO. “Their insight and support allowed our family of companies to expand with strength, adding ten brands and over 800 professionals to our team.”

“Sun Capital excels in partnering with founder-operated companies and our past experience enabled a successful collaboration with CEO & Founder Dave Geiger and his team at Horizon to transform the company,” said Marc Leder, Co-CEO of Sun Capital. “Horizon should be incredibly proud of the growth it has achieved as a result of these efforts.”

Sun Capital partnered with management on a number of operational initiatives that bolstered Horizon’s service model, improving customer satisfaction and retention. “We also utilized a buy-and-build strategy, sharing uniform practices across multiple locally-operated businesses, leading to improved sales force efficiency and effectiveness, superior technician service, and a strong company culture,” said Steven Liff, Senior Managing Director at Sun Capital. “Today, Horizon is well positioned to continue its growth.”

Sun Capital has strong experience working with founder-operated businesses, including Admiral Petroleum Company & Lemmen Oil Company, Demilec Inc., Gem Shopping Network, Timothy’s World Coffee, and Windsor Fashions.

For more information, please contact:

Emily Meringolo

Stanton

emeringolo@stantonprm.com

646-502-3559