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About Shopko Stores Operating Co, LLC

Private investment firm Sun Capital Partners specializes in making leveraged buyouts and equity and debt investments. It also acquires interests in bankrupt or underperforming firms. After acquisition, Sun Capital provides operating advice and additional capital to its portfolio companies. It typically invests in firms with $50 million to $1.5 billion in annual sales and does not rule out any industry when considering investments; however, it is partial to consumer products and services, food and beverage, industrial, packaging, chemicals, building products, automotive, restaurants, and retail companies. Sun Capital has over $12 billion of capital under management.

Operations

Sun Capital Partners' acquisition and investment targets include private businesses, divisions of larger companies, and publicly-traded companies. The firm focuses on lower middle- and middle-market growth companies that can benefit from its operational resources.

Since its founding in 1995, Sun has acquired more than 365 companies with total revenue of approximately $50 billion. It typically targets  companies that generate between $50 million and $1.5 billion in annual sales.

Its current investment portfolio consists of interests in around 40 firms. Its logistics and services companies include Stake Center and Tier One Relocation; Parker New York, Vince, and Windsor Fashion represent some of its retail investments. The firm also carries several restaurant chains in its portfolio, including Boston Market, Johnny Rockets, Smokey Bones, and Restaurants Unlimited.

Geographic Reach

Sun Capital Partners is a global investor with offices in Boca Raton, Los Angeles, and New York. The firm also has affiliate offices in London and Shenzhen, China.

Sales and Marketing

Among the sectors Sun Capital Partners invests are packaging, energy, chemicals, building products, consumer products, aerospace and defense, business services, healthcare, restaurants, retail, and technology.

Strategy

Sun Capital Partners' primary strategy is to acquire companies or subsidiaries, improve the acquired companies' performance through operational improvements, and then sell the company to recoup its investment and then some. The firm hedges its risk through leveraged buyouts, in which companies are bought with a combination of equity and debt with the acquired company's cash flow acting as collateral on borrowings.

In early 2018 Sun sold Robertshaw Controls—a manufacturer of electric and mechanical components for appliances, air conditioners, and water and heating transportation systems. Sun Capital built out Robertshaw's back-office infrastructure and improved its procurement and manufacturing. Those changes and Robertshaw's acquisition of oven and grill parts manufacturer Burner Systems International led the company to double its profitability.

Later that year Sun sold its stake in Albéa to PAI Partners. Since purchasing the beauty and personal care product packaging company in 2010 Sun improved its profitability by 80% and its margins by six percentage points.

Against a backdrop of a declining brick-and-mortar retail market environment, at least five of Sun's retail or restaurant investments have gone bankrupt since 2017. Amid those failures Sun began cutting its losses by selling off several of the companies' assets or by divesting from them completely. Former Sun companies that went under include Shopko, Marsh Supermarkets, Gordmans Stores, Limited Stores, and Garden Fresh Restaurant.

Mergers and Acquisitions

Sun Capital Partners is an aggressive acquirer. In 2019 the company acquired Delaware Valley Management Holdings, a dental service provider in the mid-Atlantic US.

Sun's 2018 completed or planned acquisitions included military personnel moving services company Tier One Relocation, Regal Beloit's industrial motor control technology business, crushed stone and gravel company VantaCore Partners, and chemical manufacturer ESIM Chemicals.

In 2017 the company acquired or agreed to acquire dental implant center network ClearChoice Holdings, electromechanical switch maker C&K Holdings, drywall equipment supplier AMES Taping Tools, air conditioner installer and servicer Horizon Services, garage door hardware manufacturer Arrow Tru-Line, and indoor gardening supplies and equipment distributor BWGS Full Spectrum Distribution.

Shopko Stores Operating Co, LLC

700 PILGRIM WAY
Green Bay, WI 54304-5276
Phone: 1 (920) 429-2211

Stats

Employer Type: Privately Owned
Svp Retail Health: Michael Cantrell
Chm: Jack W Eugster
Senior Vice President and Chief Information Officer: Ray Petersen
Employees (This Location): 990
Employees (All Locations): 23,000

Major Office Locations

Green Bay, WI

Other Locations

Redding, CA
Doniphan, FL
Atlantic, IA
Audubon, IA
Bloomfield, IA
Burlington, IA
Chariton, IA
Cherokee, IA
Clarinda, IA
Clarion, IA
Corning, IA
Dubuque, IA
Dyersville, IA
Eldora, IA
Forest City, IA
Fort Madison, IA
Glenwood, IA
Greenfield, IA
Grundy Center, IA
Hampton, IA
Harlan, IA
Humboldt, IA
Ida Grove, IA
Jefferson, IA
Mason City, IA
Missouri Valley, IA
Mount Ayr, IA
New Hampton, IA
Oelwein, IA
Onawa, IA
Perry, IA
Red Oak, IA
Sheldon, IA
Sioux City, IA
Toledo, IA
Waukon, IA
Webster City, IA
Winterset, IA
Boise, ID
Coeur D Alene, ID
Idaho Falls, ID
Lewiston, ID
Nampa, ID
Pocatello, ID
Twin Falls, ID
Belvidere, IL
Dixon, IL
Dwight, IL
Freeport, IL
Havana, IL
Monmouth, IL
Monticello, IL
Mount Carmel, IL
Quincy, IL
Savanna, IL
Tuscola, IL
Yorkville, IL
Attica, IN
Batesville, IN
Petersburg, IN
Syracuse, IN
Burlington, KS
Clay Center, KS
Larned, KS
Lyons, KS
Norton, KS
Russell, KS
Scott City, KS
Seneca, KS
Brandenburg, KY
Hodgenville, KY
Liberty, KY
Morgantown, KY
Allegan, MI
Brooklyn, MI
Calumet, MI
Clare, MI
Dowagiac, MI
Escanaba, MI
Gladwin, MI
Hart, MI
Houghton, MI
Imlay City, MI
Iron Mountain, MI
Iron River, MI
Ishpeming, MI
Manistique, MI
Marquette, MI
Newaygo, MI
Sparta, MI
Standish, MI
Wetmore, MI
Aitkin, MN
Albert Lea, MN
Austin, MN
Duluth, MN
East Grand Forks, MN
Ely, MN
Fairmont, MN
Fergus Falls, MN
Glencoe, MN
Glenwood, MN
Hutchinson, MN
Kasson, MN
Luverne, MN
Mankato, MN
Marshall, MN
Mora, MN
Morris, MN
New Prague, MN
Park Rapids, MN
Paynesville, MN
Perham, MN
Pipestone, MN
Princeton, MN
Rochester, MN
Roseau, MN
Saint Cloud, MN
Saint James, MN
Saint Peter, MN
Two Harbors, MN
Wadena, MN
Windom, MN
Winona, MN
Worthington, MN
Albany, MO
Carrollton, MO
El Dorado Springs, MO
Gallatin, MO
Hermann, MO
Memphis, MO
Palmyra, MO
Tarkio, MO
Trenton, MO
Billings, MT
Dillon, MT
Great Falls, MT
Helena, MT
Kalispell, MT
Lewistown, MT
Libby, MT
Livingston, MT
Missoula, MT
Plentywood, MT
Shelby, MT
Sidney, MT
Beulah, ND
Bottineau, ND
Bowman, ND
Carrington, ND
Cavalier, ND
Grafton, ND
Mayville, ND
New Town, ND
Oakes, ND
Rugby, ND
Valley City, ND
Wahpeton, ND
Ainsworth, NE
Alliance, NE
Auburn, NE
Beatrice, NE
Bellevue, NE
Broken Bow, NE
Crete, NE
Falls City, NE
Gordon, NE
Gothenburg, NE
Grand Island, NE
Holdrege, NE
Kimball, NE
Lincoln, NE
Nebraska City, NE
Norfolk, NE
North Platte, NE
Ogallala, NE
Omaha, NE
Oneill, NE
Plattsmouth, NE
Sidney, NE
Superior, NE
Valentine, NE
Wayne, NE
West Point, NE
York, NE
Lovington, NM
Greenfield, OH
Minerva, OH
Woodsfield, OH
Fairview, OK
Bend, OR
Eugene, OR
Salem, OR
Aberdeen, SD
Belle Fourche, SD
Chamberlain, SD
Hot Springs, SD
Madison, SD
Milbank, SD
Mitchell, SD
Mobridge, SD
Rapid City, SD
Redfield, SD
Sioux Falls, SD
Sisseton, SD
Wagner, SD
Watertown, SD
Webster, SD
Winner, SD
Alpine, TX
Canadian, TX
Comanche, TX
Jacksboro, TX
Kermit, TX
Littlefield, TX
Monahans, TX
Perryton, TX
Tulia, TX
Brigham City, UT
Layton, UT
Logan, UT
Nephi, UT
Ogden, UT
Orem, UT
Roosevelt, UT
Salt Lake City, UT
Sandy, UT
Spanish Fork, UT
West Jordan, UT
Kennewick, WA
Lacey, WA
Pullman, WA
Quincy, WA
Spokane, WA
Spokane Valley, WA
Union Gap, WA
Walla Walla, WA
Wenatchee, WA
Yakima, WA
Abbotsford, WI
Adams, WI
Appleton, WI
Arcadia, WI
Ashland, WI
Beaver Dam, WI
Beloit, WI
Brillion, WI
Chippewa Falls, WI
Clintonville, WI
Delavan, WI
De Pere, WI
Eagle River, WI
Eau Claire, WI
Ellsworth, WI
Fond Du Lac, WI
Fort Atkinson, WI
Grafton, WI
Green Bay, WI
Janesville, WI
Kenosha, WI
Kewaunee, WI
Kimberly, WI
La Crosse, WI
Lancaster, WI
Madison, WI
Manitowoc, WI
Marinette, WI
Marshfield, WI
Mauston, WI
Mayville, WI
Monona, WI
Monroe, WI
Neenah, WI
Neillsville, WI
Oconto, WI
Onalaska, WI
Oshkosh, WI
Park Falls, WI
Plover, WI
Port Washington, WI
Racine, WI
Reedsburg, WI
Rhinelander, WI
Rice Lake, WI
River Falls, WI
Rothschild, WI
Seymour, WI
Sheboygan, WI
Sister Bay, WI
Spooner, WI
Stanley, WI
Stevens Point, WI
Sussex, WI
Watertown, WI
Waupaca, WI
Wausau, WI
Wautoma, WI
West Bend, WI
Wisconsin Rapids, WI
Douglas, WY
Green River, WY
Lander, WY
Newcastle, WY
Powell, WY
Torrington, WY
Wheatland, WY
Worland, WY