Sun Capital Partners has acquired the assets of Pace American, a provider of enclosed cargo and auto trailers to the U.S. and Canadian markets. No financial terms were disclosed for the deal, which was done as an Article 9 transaction.
We are pleased to announce that an affiliate of Sun Capital Partners, Inc. has acquired substantially all the assets of Pace American through an Article 9 transaction. The purchase price was bridged by an affiliate of Sun Capital Partners, Inc.
Founded in 1986, Pace American is a leading national supplier of enclosed cargo and auto trailers to the U.S. and Canadian markets. The Company operates five manufacturing facilities throughout North America, located in Georgia, Utah, Texas, Indiana, and Oregon. Pace American sells its products through a large dealer network and the mass-merchant channel. Its high quality products serve a wide variety of customers in the general cargo, motorsports, landscaping, tradesmen, vending, concession, and global marketing industries. The Company is headquartered in Chicago, Illinois and employs approximately 440 people.
About Sun Capital: Sun Capital Partners is a leading private investment firm focused on leveraged buyouts, equity, debt and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in over 230 companies worldwide since inception in 1995, with combined sales in excess of $40 billion. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates with offices in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen.