Enhanced Investments - Financial Portal

Sun Capital Affiliate Agrees on Sale of StonePoint to Arcosa

Published: 2021-03-23 12:00:00 ET

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 signed a definitive agreement to sell StonePoint Ultimate Holding, LLC and affiliated entities (“StonePoint” or “the Company”) to Arcosa, Inc. (NYSE: ACA) (“Arcosa”), a provider of infrastructure-related products and solutions.

StonePoint is a top-25 U.S. aggregates company that provides crushed stone, sand and gravel to diverse end markets, including infrastructure, commercial and residential construction and energy. The company operates across nine states in the Gulf Coast, Midwest and Southeast regions, producing approximately 9.0 million tons of aggregates annually and offers complementary asphalt production and paving services in certain markets.

“Our work with StonePoint underscores our strength in partnering with outstanding management teams to drive market share growth, enhance operations and capitalize on new opportunities,” said Marc Leder, co-CEO of Sun Capital. “We worked closely with the StonePoint team to complete three strategic acquisitions that provided substantial financial and operating synergies and strengthened the Company’s competitive position.”

StonePoint, a carve out of a publicly-traded energy company, was acquired by an affiliate of Sun Capital in December 2018.

“Sun Capital has been a great partner, not just in building StonePoint as a standalone business, but also in accelerating our growth over the past three years,” said Colin Oerton, Chief Executive Officer of StonePoint. “The expansion of our footprint and the healthy pipeline of projects we have developed made us a very attractive acquisition target for strategic buyers.”

“We are very pleased that we were able to apply our extensive experience in industrial businesses to grow StonePoint and achieve this positive outcome for the Company and our investors,” added Jeremy Stone, Managing Director at Sun Capital. “We continue to actively pursue opportunities in the infrastructure and building products sectors, where we can partner with outstanding management teams to accelerate value creation.”

Other Sun Capital portfolio companies in the industrials sector include Ames Drywall Finishing Tools & Services, Arrow Tru-Line and Trulite.

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 420 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 www.suncappart.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210323005631/en/

Matt Conroy Stanton 203-610-1421 mconroy@stantonprm.com

Source: Sun Capital Partners, Inc.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.