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Announced

Completed

Sun Capital Partners completed the acquisition of Andersen Commercial Plumbing from Seaside Equity Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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facilities

Domestic

Private

Private Equity

Single Bidder

Completed

services

Property Services

Acquisition

Friendly

United States

plumbing

Majority

Synopsis

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Sun Capital Partners, a private equity firm, completed the acquisition of Andersen Commercial Plumbing, a provider of commercial plumbing solutions, from Seaside Equity Partners. Financial terms were not disclosed. “When evaluating potential partners that could help us optimize and execute our growth plan, we looked at a number of factors, including a history of working with services businesses, a strong track record with founder-owned companies, and a reputation for hands-on operational expertise. Sun Capital’s combination of resources, industry knowledge and experience made them the ideal match. Along with our CEO Christian Hand, I am excited to work with the Sun Capital team to build on our leadership position and capitalize on new opportunities,” Paul Andersen, Andersen Commercial Plumbing Founder and President.

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