Sun Capital Partners Backs The SCOOTER Store
Boca Raton, Fla.-based middle market buyout shop Sun Capital Partners has invested an undisclosed amount in The SCOOTER Store. Based in New Braunfels, Texas, company makes scooters for elderly and disabled people. Financial terms of the investment were not released. McColl Partners advertised the seller, a SCOOTER Store representative told peHUB. A source familiar with the transaction noted that Democrats' landmark healthcare legislation that passed in 2010 impacted the SCOOTER Store's top line, but that the deal was not a distressed investment. Sun takes control of the SCOOTER Store's board, but not a majority stake in the company. It's possible that the SCOOTER Store will make add-on deals.
Bycnolan
2 February 2011•3 mins read
