BOCA RATON, Fla .– (BUSINESS WIRE) – Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investing in market-leading companies, today announced that a subsidiary has acquired AMES Taping Tools (“AMES” ) has completed. or “the company”), the nation’s leading supplier of ATF (Automatic Taping and Finishing) tools, accessories and training for the professional drywall finishing industry. The terms of the private transaction were not disclosed.
Founded in 1939, AMES invented ATF tooling technology and continues to leverage its industry leadership to improve the speed and productivity of the professional drywall company. With a network of around 100 corporate stores and franchise locations in the USA and Canada, AMES supports contractors for the interior design of residential and commercial buildings with the largest tool rental company in the industry.
“Our investment in AMES Taping Tools offers a great opportunity to grow a leading provider of specialized contract equipment,” said Marc Leder, Co-CEO, Sun Capital. Aaron Wolfe, Managing Director of Sun Capital, added, “We are excited to work with the management team to accelerate the company’s growth and success.”
AMES, based in Suwanee, Georgia, is the leading supplier of automatic tape and finishing tools for drywall installation in North America and rents and sells tools under the AMES and TapeTech brands, respectively. The company has an unmatched national presence, strong brand awareness and a world-class product offering. Sun Capital sees significant growth potential for the business and will work with management to implement the Sun Transformation System to maximize operational efficiencies and reduce procurement costs.
“Sun Capital has a solid reputation for growing faster with companies like ours with leading market positions and strong product lines,” said Fred Daniels, President and CEO of AMES Tools. “Your team is a great cultural fit for ours and we look forward to working with you to maximize the potential of AMES.”
Sun Capital has extensive experience in the manufacture and sale of construction products and related services through currently affiliated portfolio companies including Trulite Glass & Aluminum Solutions, a leading manufacturer and distributor of architectural glass and aluminum; Arrow TruLine, a market leading manufacturer and distributor of garage door hardware and fittings, Horizon Services, a leading provider of plumbing, heating, and air conditioning for residential use; and Demilec, the North American leader in spray polyurethane foam insulation.
About Sun Capital Partners, Inc.
Sun Capital Partners is a global private equity firm focused on identifying the untapped potential of companies and leveraging its extensive operational and financial resources to transform results. Sun Capital is a trusted partner known for its investment and operations experience, including particular expertise in consumer goods and services, food and beverage, industrial, packaging, chemicals, construction products, automotive, restaurant and retail. Since 1995, Sun Capital has invested in more than 345 companies worldwide with revenues of more than $ 45 billion across a variety of industries and transaction structures. Sun Capital has offices in Boca Raton, Los Angeles and New York, and offices in London and Shenzhen.