Sun Capital Subsidiary Completes Sale of AMES Recording Tools | New

BOCA RATON, Florida – (BUSINESS WIRE) – December 1, 2021–

Sun Capital Partners, Inc. (“Sun Capital”), a leading private equity firm focused on defensible businesses in growing markets with tangible opportunities for improving performance, today announced that its affiliate had completed the sale of AMES Taping Tools Holding LLC (“AMES”). AMES is the leading national supplier of Automatic Wrapping and Finishing (“ATF”) tools and related products to the professional drywall finishing industry. Terms of the private transaction were not disclosed.

Founded in 1939, AMES invented ATF tool technology and continues to leverage its industry leadership to improve the speed and productivity of professional drywall contractors. With a network of approximately 100 corporate stores and franchise locations across the United States and Canada, AMES supports residential and commercial interior finishing contractors with the largest tool rental operation in the industry. AMES serves its customers through its multi-channel distribution model, which includes AMES stores, reseller distribution and the All-Wall® e-commerce platform.

“Our investment in AMES Taping Tools demonstrates Sun Capital’s ability to significantly accelerate the growth of a market-leading company in the construction products industry,” said Marc Leder, Co-CEO of Sun Capital. “In keeping with Sun Capital’s culture from the beginning, we are delighted to see that Ames has not only increased revenues, but also maximized operational efficiency and reduced procurement costs during our collaboration. “

“Our partnership with Sun Capital has enabled us to accelerate the growth of AMES and facilitated our ability to capitalize on market opportunities,” said Jay Davisson, President and CEO of AMES. “AMES is now firmly positioned to continue building on our success and is ready for the next phase of growth. “

“Sun Capital is proud of the way we have applied our construction product experience and the Sun transformation system to strengthen the product offering and the geographic presence of AMES,” added Jordan Wadsworth, Managing Director of Sun Capital. .

In addition to AMES, Sun Capital’s recent construction products transactions include the sale of Arrow Tru-Line, the leading independent US supplier of overhead garage sectional door components, and the acquisition of Architectural Surfaces Group, a leading importer and distributor of natural stone, engineered stone and tile for residential and commercial applications used in countertops, backsplashes and other related applications.

About Sun Capital Partners, Inc.

Sun Capital Partners, Inc. is a global private equity firm focused on partnering with exceptional management teams to accelerate value creation. Since 1995, Sun Capital has invested in more than 425 companies around the world with revenues of over $ 50 billion in a wide range of industries and transaction structures. The Firm has built a reputation as a trusted partner, recognized for its operational experience. Sun Capital is focused on defensible companies in growing markets with tangible performance improvement opportunities in the business services, consumer, healthcare, industrial and technology sectors. The firm has offices in Boca Raton, Los Angeles and New York, and a subsidiary with offices in London. For more information, please visit www.suncappart.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211201006158/en/

CONTACT: Matthieu Conroy

Stanton

646-502-3563

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA FLORIDA

INDUSTRY KEYWORD: RESIDENTIAL BUILDING AND REAL ESTATE BANKING COMMERCIAL AND REAL ESTATE CONSTRUCTION AND REAL ESTATE PROFESSIONAL SERVICES INTERIOR DESIGN ARCHITECTURE OF BUILDING SYSTEMS OTHER PROFESSIONAL SERVICES OTHER CONSTRUCTION AND PROPERTY FINANCING

SOURCE: Sun Capital Partners, Inc.

Copyright Business Wire 2021.

PUB: 12/01/2021 4:36 PM / DISC: 12/01/2021 4:36 PM

http://www.businesswire.com/news/home/20211201006158/en

Copyright Business Wire 2021.

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