COMPANIES

Sun Capital Partners

Office address: 5200 Town Center Circle, 4th Floor Boca Raton, FL
Website: www.suncappart.com
Year established: 1995
Company type: private equity company
Employees: 90+
Expertise: leveraged buyouts, equity, debt, turnarounds, corporate carve-outs, mergers and acquisitions, business restructuring, healthcare, consumer products, food and beverage, industrial manufacturing, packaging, chemicals, retail, technology, business services, automotive
Parent company: N/A
Key people: Marc Leder (co-CEO), Rodger Krouse (co-CEO), Daniel Ireland (group COO), Marc Keirstead (CFO), Martin Krost (CTO), Alexandra Maisel (CCO), Junaid Zaheer (SVP), Matthew Garff (partner)
Financing status: N/A

Sun Capital Partners is a private equity firm headquartered in Boca Raton, Florida, with over $14 billion in capital commitments and more than 540 companies acquired. The firm focuses on industries such as services, industrials, distribution, food, and consumer sectors, partnering with management teams to drive growth and improve efficiency. The company employs over 90 people across offices in Florida, Los Angeles, New York, and London.

History of Sun Capital Partners

Sun Capital Partners was founded in 1995 by Marc Leder and Rodger Krouse, who met as classmates at Wharton and later worked at Lehman Brothers. The firm’s early achievements included creating Emerald from Lubrizol divisions, setting the stage for future successes. In 2007, they launched a foundation to foster philanthropy among employees and partners.

Notable deals followed, such as the 2015 sale of Point Blank Enterprises, acquired through a bankruptcy auction. By 2020, Sun Capital celebrated its 25th anniversary, expanding its focus to turning good companies into great ones using the Sun Transformation System. In 2023, a Sun Capital affiliate agreed to acquire Koch Separation Solutions, further expanding the firm's portfolio.

Products and Services of Sun Capital Partners

Sun Capital Partners offers a broad range of investment and operational services designed to optimize businesses for sustainable growth. Key offerings include:

  • Sun Transformation System: an operational toolkit that partners with management teams to improve business performance
  • private equity investments: capital investment into middle-market companies across multiple sectors
  • corporate carve-outs: helping large corporations divest non-core divisions
  • operational expertise: providing in-house expertise to enhance company operations
  • turnaround strategies: focusing on companies facing operational challenges
  • mergers and acquisitions: facilitating the acquisition or merging of portfolio companies

For over 29 years, Sun Capital Partners has invested in businesses across diverse industries, focusing on performance improvements and sustainable growth. Their team of experienced Operating Partners and the Sun Transformation System enable them to drive substantial value in collaboration with management teams. Their approach delivers lasting operational enhancements across various transaction structures and market opportunities.

Culture at Sun Capital Partners

Sun Capital Partners offers a close-knit work environment while having a large portfolio, providing employees with valuable private equity experience. Staff report high job satisfaction, a clear sense of purpose, and the ability to meet personal goals. The culture emphasizes work-life balance, encouraging employees to enjoy their responsibilities while fostering social interaction and workplace flexibility, with benefits that include:

  • vision, health, and dental insurance, with disability and life coverage
  • 401(k) plans with employer contributions
  • mental health support and paid time off
  • health savings accounts and flexible spending accounts
  • competitive compensation packages

The firm has merged environmental, social, and governance (ESG) principles across its portfolio companies to promote sustainability and responsible business practices. Since 2012, Sun Capital Partners has prioritized reducing environmental impact, advancing social responsibility, and maintaining strong governance standards. Their ESG efforts include initiatives that focus on improving sustainability and fostering corporate citizenship, with notable achievements including:

  • environmental assessments: evaluates environmental impacts and seeks to minimize the footprint of their portfolio companies
  • social governance: promotes fair labor practices and focuses on enhancing diversity and inclusion within their businesses
  • risk management: implements strict guidelines for ethical governance and business conduct in their portfolio companies

The Sun Capital Partners Foundation supports innovative non-profits with a mission to drive sustainable, positive change. Through its 3x matching gift program, employee donations are amplified, and contributions are carefully evaluated to ensure impactful use. The foundation also aids urgent relief efforts to reinforce the firm’s values of integrity and commitment, along with key initiatives that include:

  • $1 million provided to Boca Raton Regional Hospital
  • $100,000 contribution to Charity Water
  • $300,000 donation to South Florida charities
  • support for 700+ charities since inception

Sun Capital Partners’ values promote a collaborative and transparent culture, prioritizing strong partnerships with portfolio companies. The firm encourages a hands-on approach where management teams are empowered to lead operational improvements and drive success. Employees are supported in taking ownership of projects, fostering a data-driven, goal-oriented environment focused on creating value through innovation and strategic initiatives.

About Sun Capital Partners Co-CEOs Marc Leder and Rodger Krouse and Key People

Marc Leder is the co-CEO and co-founder of the company and serves on the executive committee, overseeing the firm’s overall strategy. With over 30 years of experience, he previously held the role of SVP at Lehman Brothers in New York. Leder earned his BSc in economics from the Wharton School at the University of Pennsylvania.

Rodger Krouse serves as the co-CEO and co-founder of Sun Capital Partners, contributing to the firm's strategic direction as a member of the executive committee. He has a background in leveraged buyouts, investment banking, and business operations, following his role as SVP at Lehman Brothers. Krouse graduated from the Wharton School at the University of Pennsylvania with a BSc degree in economics.

Here are the key leaders at Sun Capital Partners, each driving vital aspects of the firm's business:

  • Daniel Ireland serves as group COO, managing the company's operational functions across its locations
  • Marc Keirstead acts as CFO, responsible for overseeing the firm's financial health and transactions
  • Martin Krost is the chief technology officer, focusing on technological innovation and infrastructure development
  • Alexandra Maisel functions as chief compliance officer, ensuring adherence to regulatory standards
  • Junaid Zaheer serves as SVP for operations, enhancing efficiency across portfolio companies
  • Matthew Garff is senior managing director and partner, overseeing global investments and deals

The Future at Sun Capital Partners

In 2024, Sun Capital Partners announced the sale of Adler & Allan, an environmental risk management firm, to Goldman Sachs Alternatives. Since acquiring Adler & Allan in 2020, Sun Capital expanded its services through strategic add-ons and diversified into renewable energy solutions. This sale aligns with the firm’s long-term strategy of value creation.

Sun Capital's recent achievements also include completing 20 add-on acquisitions and two portfolio exits in the first half of 2024. The firm continues to prioritize innovation and operational efficiency while expanding its digital transformation efforts through IT summits in Boca Raton and London. As they relocate their New York office, Sun Capital Partners remains focused on growth, sustainability, and building value across its diverse portfolio.

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