Deal Details

Sunbelt Is Acquired by Littlejohn

Industrial

Sunbelt, a portfolio company of MSouth, sale to Littlejohn

Summary

Sunbelt Modular, Inc. (“Sunbelt” or the “Company”), a portfolio company of MSouth Equity Partners (“MSouth”), has been acquired by Littlejohn & Co., LLC (“Littlejohn”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Sunbelt on this transaction.

About

Sunbelt is the leading modular manufacturer and designer of commercial custom and fleet building solutions, serving a diverse array of end markets. Supported by a full-suite team of in-house engineers and architects, Sunbelt is able to offer highly engineered structures with best-in-class quality. Sunbelt’s unparalleled national footprint allows the Company to serve its dealer customer base across the U.S. as modular solutions become increasingly popular, underpinned by accelerated construction timelines, higher quality control, reduced waste and energy consumption and improved worker safety. The Company was founded in 1976 and maintains 10 facilities with over 1,300 employees. Sunbelt is headquartered in Phoenix, Arizona.

MSouth is an investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $250 million, with over $2.0B of capital raised. MSouth is headquartered in Atlanta, Georgia.

Littlejohn is an investment firm focused on private equity and debt investments in middle-market companies. With approximately $8.0B of regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. Littlejohn is headquartered in Greenwich, Connecticut.

Industrial

Sunbelt, a portfolio company of MSouth, sale to Littlejohn