San Francisco and Carrollton, Texas--(BUSINESS WIRE)--Robert Peterson, founder and CEO of leading private equity firms Golden Gate Capital and All My Sons Moving & Storage Today announced the recapitalization of All My Sons, a leading private equity investment company. First-class moving and warehousing service provider. Mr. Peterson will continue to lead the company at the company's headquarters in Carrollton, Texas, and will continue to serve as an important shareholder. Financial terms have not been disclosed.
Founded in 1992, All My Sons is a family business with nearly 30 years of moving experience. The company operates 75 locations in 29 states, mainly focusing on local moving, providing professional and efficient moving services, aimed at meeting a wide range of customer needs. All My Sons’ business model is distinguished by its industry-leading technology platform, which promotes the generation, safety and operational efficiency of potential customers, and enables the company to provide a highly personalized customer experience.
Mr. Peterson said: "Thanks to our dedicated team and successful cooperation with Sterling Investment Partners, All My Sons has continued to grow rapidly over the past ten years, becoming the most effective and efficient handling and warehousing service provider in the United States. State. With the successful cooperation of the company led by the founder, Golden Gate Capital is the perfect partner to help us accelerate growth and develop a first-class customer experience. We look forward to working with the Golden Gate Capital team to seize future opportunities."
Mike Montgomery, Managing Director of Golden Gate Capital, said: "We are delighted to work with the Robert and All My Sons team. They have built a market-leading platform based on proprietary systems and processes that provide an unparalleled customer experience. With a clear leadership position in the 54 markets it serves, All My Sons is well-positioned to continue to gain share in a highly fragmented market because it adheres to its mission of transporting customers safely, comfortably and confidently. We are happy to help the company Seize the many opportunities in the future."
Neale Attenborough, Operating Partner of Golden Gate Capital, commented: "We have a deep respect for Robert and his long-term leadership team. Driven by entrepreneurship and a commitment to continuous innovation, they have established a huge opportunity for significant growth. Business, including new market entry and expansion into adjacent categories. We look forward to using our expertise to work with strong, founder-led companies to support the next era of All My Sons growth."
Charles Santoro, Managing Partner and Founder of Sterling Investment Partners, added: "We are proud of our partnership with Robert and his outstanding team, which has laid a good foundation for the company to continue its strong momentum. We believe that the company has a very bright future. In the future, we will continue to cooperate with Golden Gate Capital to develop vigorously."
Ropes & Gray LLP and Nob Hill Law Group PC served as legal advisors to Golden Gate Capital. Norton Rose Fulbright served as legal counsel, and William Blair & Company LLC served as chief financial advisor to All My Sons. Piper Sandler Companies and Harris Williams LLC also served as consultants to the company.
About All My Sons moving and warehousing For nearly 30 years, All My Sons moving and warehousing company has established a good reputation and won the trust of customers. The company provides a full range of moving services for local and interstate customers and businesses. In addition to moving, the first-class service includes wrapping furniture with quilts, disassembling and reassembling furniture, packaging and unpacking.
About Golden Gate Capital Golden Gate Capital is a private equity investment company headquartered in San Francisco with a cumulative committed capital of more than 19 billion U.S. dollars. The principals of Golden Gate Capital have a long and successful history of investing in a wide range of industries and transaction types, including privatization, corporate divestitures and recapitalization, as well as debt and public equity investments. Famous multi-unit consumer investments sponsored by Golden Gate Capital include Tidal Wave Auto Spa, The Learning Experience and Mavis Express Tyre Services. For more information, please visit www.goldengatecap.com.
About Sterling Investment Partners Sterling Investment Partners is a private equity firm with a team of experienced and cohesive senior investment professionals who have been investing in and building mid-market companies for more than 30 years. Sterling focuses on value-added distribution and business services, acquiring companies that the company believes have strong, sustainable competitive advantages and important value creation opportunities. In its history, Sterling has completed more than 180 transactions with a total value of $19.4 billion. www.sterlinglp.com
Golden Gate Capital Media: Sard Verbinnen & Co Alyssa Lorenzo / Hayley Cook GoldenGate-SVC@sardverb.com
Sterling Investment Partners: David Kahn Senior Managing Director of Business Development kahn@sterlinglp.com
Golden Gate Capital Media: Sard Verbinnen & Co Alyssa Lorenzo / Hayley Cook GoldenGate-SVC@sardverb.com
Sterling Investment Partners: David Kahn Senior Managing Director of Business Development kahn@sterlinglp.com