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Sun Capital Partners
“Friendly's, Shopko, Smokey Bones. If Sun Capital buys it, start saying goodbye.”
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Brands Tracked
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Category
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Formerly Owned
Sun Capital has a remarkable track record of destroying the companies it acquires. They bought Friendly's for $337 million and sold it for $2 million. They bought Shopko for $1.1 billion, extracted $815 million in real estate, and liquidated all 360 stores. They bought Smokey Bones and held it for 15 years without ever turning it around. Their standard move: buy a company, sell the real estate out from under it, charge consulting fees, and let the business collapse under the weight of its own rent.
Founded 1995 · Boca Raton, FL