Sun Capital Partners has closed its buy of Coopersville, Michigan-based Admiral Petroleum Company & Lemmen Oil Company, a gas and convenience store chain. No financial terms were disclosed.
We are pleased to announce that an affiliate of Sun Capital Partners, Inc. has completed the acquisition of Admiral Petroleum Company & Lemmen Oil Company (“Admiral”), a leading convenience store business based in the Midwest.
Admiral, which had been family owned and operated since 1905, is headquartered in Coopersville, Michigan, and includes 130 Admiral-branded gas and convenience stores, as well as nine Lemmen-branded gas and convenience stores across Michigan and Indiana. Admiral was one of the first pioneers of the milk, bread, and egg concept in gas stations, which eventually became an industry standard. Today, Admiral employs approximately 1,400 people.
Sun Capital Partners, Inc. 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, chemical, building products, automotive, restaurant and retail sectors. Since 1995, Sun Capital has invested in more than 330 companies worldwide across a broad range of industries and transaction structures.
For additional information on Sun Capital Partners, including our focus, our experience, and our affiliated portfolio companies, please visit our website at www.suncappart.com.