Sun Capital Partners Affiliate Completes Acquisition of Tier One Relocation, A Leading Provider of Moving Services for the Military
BOCA RATON, Fla., December 6, 2018-- Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that its affiliate has completed the acquisition of Tier One Relocation (“Tier One,” or “the Company”), a leading certified provider of door-to-door household moving services for the military. Terms of the private transaction were not disclosed.
Founded in 2010, Tier One manages over 30,000 U.S. military personnel relocations annually. The company procures orders, coordinates directly with both the government and the service member being relocated, sources transportation vendors, and manages all billing and back-office functions. Tier One is a leader in this market, which is only open to Department of Defense-licensed companies.
“The acquisition of Tier One by our affiliate presents Sun Capital a fantastic opportunity to apply our experience providing services to government agencies and the military,” said Marc Leder, Co-CEO of Sun Capital. “We’re excited to partner with the management team to grow this business as it offers essential services to soldiers and their families.”
Tier One operates in a high-demand, specialized market, given the volume of military relocations and limited number of qualified providers.
“Demand for relocating military personnel remains consistent year-to-year, and an integral part of well-functioning armed forces,” said Jared Wien, a Managing Director at Sun Capital. “We take the responsibility that comes with this investment very seriously, and will focus on supporting the team in identifying and implementing solutions that will ensure a first-class experience for the families that Tier One serves.”
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