BOCA RATON, Fla.--(BUSINESS WIRE)--Sun Capital Partners, Inc. (Sun Capital), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced that its affiliate has completed the sale of AMES Taping Tools Holding LLC (AMES). AMES is the nations foremost provider of automatic taping 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 professional drywall contractors speed and productivity. With a network of approximately 100 company stores and franchised locations throughout the United States and Canada, AMES supports residential and commercial interior finishing contractors with the industrys largest tool rental operation. AMES services customers through its multichannel distribution model, which includes AMES Stores, Dealer Distribution and All-Wall E-Commerce Platform.

Our investment in AMES Taping Tools demonstrates Sun Capitals ability to significantly accelerate the growth of a market-leading company in the building products sector, said Marc Leder, Co-CEO of Sun Capital. A strong match for Sun Capital culturally from the beginning, we are pleased to see that AMES not only grew revenues, but also maximized operational efficiencies and reduced procurement costs during our work together.

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

Sun Capital is proud of how we applied our building products experience and the Sun Transformation System to strengthen AMES product offering and geographic presence, added Jordan Wadsworth, Managing Director at Sun Capital.

In addition to AMES, Sun Capitals recent building products transactions include the sale of Arrow Tru-Line, the leading independent U.S. provider of sectional overhead garage 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 outstanding management teams to accelerate value creation. Since 1995, Sun Capital has invested in more than 425 companies worldwide with revenues in excess of $50 billion across a broad range of industries and transaction structures. The Firm has built a reputation as a trusted partner, recognized for its operational experience. Sun Capital focuses on defensible businesses 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 an affiliate with offices in London. For more information, please visit http://www.suncappart.com.

See the rest here:
Sun Capital Affiliate Completes Sale of AMES Taping Tools - Business Wire

Related Posts
December 2, 2021 at 1:50 am by Mr HomeBuilder
Category: Countertops