Affiliate of Sun Capital Partners acquires United Glass Corp.
Officials at Sun Capital Partners Inc., Boca Raton, Fla., a private investment firm specializing in leveraged buyouts and investments, announced that an affiliate has acquired United Glass Corp., Louisville, Ky., according to an April 21 release. Terms of the transaction were not disclosed.
“UGC operates state-of-the-art facilities and focuses on ensuring that its customers receive products of the highest quality in a timely and efficient manner,” said Aaron Wolfe, principal, Sun Capital Partners, in the release. “Lawrence O’Connell and the management team have done a tremendous job developing a market leader in the industry.”
“We look forward to working with Sun Capital to strengthen our operations, which will benefit our valued customers and suppliers,” said Lawrence O’Connell, chairman and CEO, UGC, in the release. O’Connell will continue to work with UGC in an advisory role.
Sun Capital has prior experience in the glass and aluminum markets through its affiliated portfolio company Arch Aluminum & Glass Co., Tamarac, Fla. In addition, Sun Capital, which is currently making investments out of a $5 billion investment fund, is interested in acquiring or partnering with other market-leading companies in the architectural glass sector and is actively looking for appropriate situations, according to the release.