Sun Capital Partners, Inc. Leverages Prior Experience in Acquisition
Sun Capital Partners, Inc. (“Sun Capital” or “Sun Capital Partners”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies that can benefit from its in-house operating professionals and experience, today announced that an affiliate has acquired S&N Communications (“S&N” or “the Company”), a regional provider of construction and maintenance services to telecom, cable, natural gas and utility companies. Terms of the transaction were not disclosed.
Headquartered in Kernersville, North Carolina, S&N’s service offerings include fiber network construction, residential service connections, maintenance and underground utility locating. The Company operates 20 field offices in Virginia, Maryland, North Carolina and Florida, and has a network of 250 subcontractors. Over the past five years, S&N has installed more than 22 million feet of fiber optic cable and connected approximately 500,000 homes with telecom, cable and gas service.
“S&N Communications is a niche business overlooked by many buyers, but has attractive cash flow characteristics,” said Marc Leder, Co-Chief Executive Officer at Sun Capital Partners. “S&N is similar to a prior successful investment in Dura-Line. We look forward to leveraging our experience and working with management to achieve an outstanding outcome.”
Allen Powell, S&N Communications, Inc. CEO and President, said, “S&N Communications, Inc. is excited about the prospects our alliance with Sun Capital Partners provides. The strength of Sun Capital’s management team, experience and financial support establishes a solid partnership for continued growth.”
Much Shelist, P.C. served as the legal advisor to Sun Capital on the transaction.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in more than 300 companies worldwide with combined sales in excess of $45 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunCapPart.com.