Deal of the Year, Small Market, 2014: SunTx Capital Partners
By Danielle Fugazy
SNAPSHOTFirm: SunTx Capital Partners
Target: Huron Inc
Hold Period: 7.5 years
Return Multiple: 7.8x
Lenders: PNC Bank, Smith Whiley & Co, Invest Michigan Mezzanine Fund (Credit Suisse)
WHY THE FIRM WON
Streamlined Huron’s business processes
Added new product lines
Refinanced the company
The U.S. auto industry was hit particularly hard by the Great Recession, but that didn’t stop SunTx Capital Partners from scoring a big gain on an auto supplier during a 7.5-year holding period.
Following a dramatic drop in automobile sales in the late 2000s, all of the Big Three U.S. automakers—General Motors Co, Ford Motor Co and Chrysler—were in serious trouble. Most auto part makers were doing no better. However, despite the extremely ...
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