Sun Capital Partners Affiliate to acquire Northern Wholesale Supply

BOCA RATON, FLORIDA / AGILITYPR.NEWS / November 26, 2024 / Sun Capital Partners, Inc. (“Sun Capital”), a global private investment firm with nearly 30 years of experience, today announced its affiliate has agreed to acquire substantially all of the assets of Northern Wholesale Supply (“NWS”).

NWS is headquartered in Minneapolis, Minnesota and is a leading distributor of aftermarket parts and supplies for the marine, recreational vehicle (“RV”) and other recreational markets.

After an extensive process to identify a partner with the expertise and resources to support the restructuring and growth of the NWS business, Sun Capital was selected for its proven track record and deep industry experience.

“This acquisition represents an exciting opportunity to build on the strong legacy of NWS and unlock the full potential of the business,” said Chad Smith, CEO of NWS. “With Sun Capital’s support and expertise, we are well-positioned to enhance our operations, expand our reach, and deliver even greater value to our employees, customers, suppliers, and partners.”

As part of the transaction, NWS completed a statutory assignment under Minnesota Statute 577 – Assignment for the Benefit of Creditors. Following court approval on November 26, 2024, the transaction is expected to close in the coming weeks.

Sun Capital’s affiliate is committed to supporting the NWS workforce with resources and growth opportunities, rebuilding and strengthening supplier partnerships to ensure continuity, and enhancing customer experiences through innovation and expanded capabilities.

“We believe the NWS business has great potential, and we are excited to partner with its dedicated leadership team to drive meaningful operational improvements,” said Matthew Garff, Sr. Managing Director and Partner at Sun Capital. “Our investment underscores our confidence in the strength of NWS’s business and its ability to thrive with the right resources and strategic direction.”

Sun Capital, alongside NWS’s management team, is energized by the opportunities ahead and remains focused on both organic growth and strategic initiatives to further expand the business’s footprint and capabilities. With a shared commitment to operational excellence and innovation, this partnership will represent a new era of success for the NWS business and its stakeholders.