Sun Capital has acquired Houston-based Cotton Holdings Inc, an infrastructure support services company. No financial terms were disclosed.
BOCA RATON, FL— January 7, 2020 – Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm focused on investing in market-leading companies, today announced that an affiliate has completed the acquisition of Cotton Holdings, Inc.(“Cotton” or “The Company,”) a leading infrastructure support services company for public and private entities throughout the United States and internationally. Terms of the private transaction were not disclosed.
Cotton is a leading infrastructure support services company with subsidiaries that conduct business under the Cotton Global Disaster Solutions, Cotton Roofing, Cotton Logistics, Cotton Culinary, and OneLodge brands. Headquartered in Houston, Texas, with an International Logistics Center and regional offices throughout North America, Cotton provides property restoration and recovery, construction, roofing, consulting, temporary workforce housing and culinary services to public and private entities worldwide. Cotton is a leader in the $20 billion U.S. commercial restoration market.
“We are very excited to partner with Pete Bell and Cotton, a founder-owned market leader in a very dynamic industry,” said Marc Leder, Co-CEO of Sun Capital. “Over the past 20 years, Pete and his team have built a stellar reputation and strong customer base, but there remain exciting growth prospects for continued expansion as the commercial disaster restoration market continues to evolve. We are confident that Sun Capital’s deep operational expertise can help Cotton continue to gain market share.”
Cotton has been instrumental in providing its clients turnkey recovery and restoration solutions stemming from the world’s most damaging catastrophes of the past two decades by promoting efficiency, transparency, cost savings, and consistent quality.
“Commercial restoration is a very attractive industry,” said Jordan Wadsworth, Managing Director at Sun Capital. “It is recession resistant, as organizations must respond when disaster strikes, and is also very fragmented, presenting great opportunities for expansion in new markets through acquisitions. These are great conditions for Sun Capital to apply our expertise and help Cotton continue its remarkable growth trajectory.”
“In Sun Capital we found a partner with not only the right financial resources, but the right operational know-how and proven ability to work successfully with founder-owned businesses,” said Pete Bell, Co-Founder and CEO of Cotton Holdings. “Cotton has experienced tremendous growth in our markets over the past two decades. By partnering with Sun Capital, we’ll maintain that momentum through both organic expansion and strategic acquisitions, and ensure that we continue to enhance our services to anticipate our customers’ ever-evolving needs.”
Sun Capital has strong experience working with founder-operated businesses, including, Horizon Services, Admiral Petroleum Company & Lemmen Oil Company, Demilec Inc., Gem Shopping Network, Timothy’s World Coffee, and Windsor Fashions.
About Sun Capital Partners, Inc.
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 business and consumer services, healthcare, industrial and consumer sectors. Since 1995, Sun Capital has invested in more than 375 companies worldwide with revenues of approximately $50 billion across a broad range of industries and transaction structures. Sun Capital has offices in Boca Raton, Los Angeles and New York, and an affiliate with offices in London.