Sun Capital Partners Inc., a private investment firm, has completed the acquisition of Century Distribution Systems, a global digital logistics provider offering supply chain management and freight forwarding services.
“Century fits nicely in our sweet spot, as a defensible business that provides a critical service to retailers and manufacturers, and it aligns well with our operational focus and extensive experience with corporate carve-outs,” said Marc Leder, co-chief executive officer of Sun Capital. “The Company’s long track record of reliable execution, knowledge of industry dynamics and customs, strong infrastructure and blue-chip client base are all great strategic advantages.”
“We look forward to leveraging our operational and corporate carve-out expertise to drive performance across the organization in a number of key areas,” added Jordan Wadsworth, managing director, Sun Capital. “We also see an opportunity to take advantage of strategic add-on acquisitions that can broaden Century’s existing capabilities.”
Sun Capital has completed more than 60 carve-out transactions with companies including Aclara, Unico Technologies Group, Critical Flow Solutions, Elix Polymers, and WesCom Signal & Rescue.