BOCA RATON, Fla.--(BUSINESS WIRE)--Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm focused on investing in market-leading companies, today announced that its affiliated portfolio company StonePoint Materials (“StonePoint”) has completed the acquisition of Road Builders, one of Kentucky’s oldest materials and paving construction operations. Terms of the private transaction were not disclosed.
Founded in 1948, Road Builders is operated by third and fourth generation family owners. Road Builders will complement StonePoint’s subsidiaries Winn Materials and McIntosh Construction in Western Tennessee and Kentucky.
“The acquisition of Road Builders continues to demonstrate our thesis of investing in founder-owned companies with strong market share that want to partner with one of the leading independent aggregate producers in North America,” added Aaron Wolfe, Managing Director at Sun Capital Partners. “We look forward to working with StonePoint to continue to expand its geographic presence and scale.”
“Road Builders is an exciting addition to StonePoint’s existing group of aggregate and construction materials businesses,” said Colin Oerton, Chief Executive Officer of StonePoint. “This is the second add-on acquisition for StonePoint and we continue to look for other companies that want to join our family.”
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.