Sun Capital Acquires AMES

9/18/17

Sun Capital Partners, Inc., a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that an affiliate has completed the acquisition of AMES Taping Tools, the nation’s leading provider of automatic taping and finishing (ATF) tools, supplies and training 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 contractor’s 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 industry’s largest tool rental operation.

“Our investment in AMES Taping Tools represents a great opportunity to grow a market-leading provider of specialized contracting equipment,” said Marc Leder, Co-CEO at Sun Capital. Aaron Wolfe, Managing Director at Sun Capital added, “We’re excited to partner with the management team to accelerate the Company’s growth and success.”

Suwanee, Georgia-based AMES is the number one provider of automatic taping and finishing tools used for drywall installation in North America, renting and selling tools under the AMES and TapeTech brands, respectively. The Company has an unmatched national footprint, strong brand recognition, and a premium set of product offerings. Sun Capital sees considerable potential to grow 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 great reputation for being able to jump start growth at companies like ours with a leading market position and strong product set,” said Fred Daniels, President and CEO of AMES Tools. “Their team is a great match with ours culturally, and we’re looking forward to working with them to maximize AMES’ potential.”

Sun Capital has strong experience in the manufacturing and distribution of building products and related services through current affiliated portfolio companies including Trulite Glass & Aluminum Solutions, a leading fabricator and distributor of architectural glass and aluminum, Arrow TruLine, a market-leading manufacturer and distributor of garage door hardware and fittings, Horizon Services, a premier residential provider of plumbing, heating and air conditioning services, 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 companies’ untapped potential and leveraging its deep operational and financial resources to transform results. Sun Capital is a trusted partner that is recognized for its investment and operational experience, including particular expertise in the consumer products and services, food and beverage, industrial, packaging, chemicals, building products, automotive, restaurant and retail sectors. Since 1995, Sun Capital has invested in more than 345 companies worldwide with revenues in excess of $45 billion across a broad range of industries and transaction structures. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London and Shenzhen.

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