Sun Capital Partners sells Arrow Tru-Line

During the Boca Raton, Florida-based private equity firm's ownership period over the past four years, Arrow Tru-Line nearly doubled EBITDA solely through operational enhancements and organic growth.

Sun Capital has completed the sale of Arrow Tru-Line Holding, a US provider of sectional overhead garage door components.

PRESS RELEASE

BOCA RATON, FL – September 21, 2021 – Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced that its affiliate has completed the sale of Arrow Tru-Line Holding, LLC (“Arrow” or “the Company”), the leading independent U.S. provider of sectional overhead garage door components. Terms of the private transaction were not disclosed.

Arrow, acquired by an affiliate of Sun Capital in January 2017, manufactures structurally critical garage door hardware in North America, offering high-quality products including hinges, brackets, angles, and pre-assembled track sets, as well as value-added services. The Company operates four distribution centers across the United States and Canada.

“Our investment in Arrow Tru-Line is a great example of the positive impact that we can have through strategic application of our Sun Transformation System,” said Marc Leder, Co-CEO of Sun Capital. “Operational enhancements put in place during our affiliate’s ownership helped Arrow capitalize on market tailwinds, nearly doubling EBITDA and extending its market leadership. We are extremely proud of what we achieved together.”

“Sun Capital proved to be a tremendous partner, working closely with us to identify areas of opportunity and execute on our strategic plan,” said Thomas Brockley, Chief Executive Officer of Arrow. “Arrow has now recorded over 10 years of consecutive volume growth and is better positioned than ever to evolve and meet our customers’ needs.”

“We were able to apply our substantial experience in the building products sector to our work with Arrow and implement operational changes that delivered a rapid ROI,” added Jeremy Stone, Managing Director at Sun Capital. “In addition to reviewing processes, we worked with the Arrow team to invest in new, innovative equipment that ensured product availability and a high level of service to customers, and also had positive impact on the bottom line.”

Sun Capital’s most recent building products transaction was the sale of Stone Point Materials, one of the 25 largest aggregates companies in the United States, to strategic buyer Arcosa, Inc. in March 2021.

About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a global private equity firm focused on partnering with outstanding management teams to accelerate value creation. Since 1995, Sun Capital has invested in more than 425 companies worldwide with revenues in excess of $50 billion across a broad range of industries and transaction structures. The Firm has built a reputation as a trusted partner, recognized for its operational experience. Sun Capital focuses on defensible businesses in growing markets with tangible performance improvement opportunities in the Business Services, Consumer, Healthcare, Industrial, and Technology sectors. The Firm has offices in Boca Raton, Los Angeles and New York, and an affiliate with offices in London. For more information, please visit www.suncappart.com