Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that an affiliate has completed the acquisition of Worm’s Way, Inc. d.b.a. BWGS Full Spectrum Distribution (“the Company” or “BWGS”), one of the nation’s leading specialty distributors of indoor gardening supplies and equipment. Terms of the private transaction were not disclosed.
BWGS, headquartered in Mooresville, Indiana, is one of the largest wholesalers of indoor, hydroponic and organic horticultural supplies in the United States. The Company provides a single-source solution to over 1,100 active retail customers with both prominent national brands and its own private label offering of more than 4,400 SKUs. The Company has a history of strong organic growth, with a double-digit CAGR over the past three years.
“BWGS has built a strong wholesale business servicing a growing retail sector, and we’re excited to partner with this experienced management team to build on their tremendous success,” said Daniel Florian, Managing Director at Sun Capital. “The Company is well positioned for continued, substantial growth.”
Sun Capital has diverse expertise in operating agricultural businesses. Recent examples include its investments in affiliated portfolio companies such as Flavor 1st, a leading packager of branded and private-label fresh produce to large grocery chains, and Flamingo Horticulture, a vertically integrated horticultural business that grows, processes, packages, markets, and distributes cut flowers and premium prepared fresh vegetables.
About Sun Capital Partners, Inc.
Sun Capital Partners is a global private equity firm focused on identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results. Sun Capital is a trusted partner that is recognized for its investment and operational experience, including particular expertise in the consumer products and services, food and beverage, industrial, packaging, chemicals, building products, automotive, restaurant and retail sectors. Since 1995, Sun Capital has invested in more than 330 companies worldwide across a broad range of industries and transaction structures. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London, Frankfurt, and Shenzhen.