Sun Capital Partners Affiliate Makes a Control Investment in National Tree, a Leading E-Commerce Wholesaler of Seasonal and Holiday Décor
BOCA RATON, Fla.--(BUSINESS WIRE)--Nov 25, 2019--
Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm focused on investing in market-leading companies, today announced that an affiliate has completed the acquisition of National Tree Company (or “The Company,”) a leading e-commerce wholesaler of seasonal and holiday décor, with a particular focus on the Christmas holiday. Terms of the private transaction were not disclosed.
Founded by Sal Puleo, Sr. in 1990 and headquartered in Cranford, New Jersey, National Tree Company is a family-operated business that has established itself as the clear leader in seasonal and holiday décor. Today the business is led by the original founder’s three sons, Joe, Sal (Jr) and Rich Puleo. The Company offers more than 4,500 SKUs and has strong relationships with many of the most popular online retailers.
“The Puleo family has done a tremendous job with National Tree Company, achieving impressive market share and consistent growth,” said Marc Leder, Co-CEO of Sun Capital. “This is a great opportunity for Sun Capital to work with the Puleo family to invest in the growth of the business. We believe National Tree has the dropship capabilities and customer relationships to expand its product range both organically and through strategic acquisitions.”
National Tree Company is one of the largest domestic wholesalers of artificial Christmas trees. The Company was recently awarded “Best Artificial Christmas Trees of 2019” by Better Homes & Gardens and has won other “Best of” awards from organizations including Wirecutter, House Beautiful, Business Insider, The Today Show, Good Housekeeping, and Bob Vila.
“We were attracted to National Tree Company’s strengths in design, procurement, and dropship fulfillment—a comprehensive capability you don’t often find,” said Matthew Garff, Managing Director at Sun Capital. “National Tree Company’s sourcing and logistics capabilities span the entire products’ value chain, allowing the Company to partner with online retailers and provide customers a wide assortment of product choices quickly and economically.”
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.
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KEYWORD: FLORIDA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES ONLINE RETAIL RETAIL OTHER RETAIL HOME GOODS FINANCE BANKING
SOURCE: Sun Capital Partners, Inc.
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PUB: 11/25/2019 07:58 AM/DISC: 11/25/2019 07:58 AM