PMCF Advises Sun America in a Sale Transaction with MPE Partners
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PMCF Investment Banking (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to Sun America LLC (“Sun America”) in a sale transaction with MPE Partners (“MPE”).
Simultaneous with the transaction closing, MPE also acquired Central Coated Products (“CCP”) and merged with Sun America to establish a new packaging platform dedicated to providing custom, innovative, and high performance food packaging solutions. The combined company will offer custom cut and premium wax paper, paper baking cups, and plastic containers to a diverse mix of meat, cheese, baked goods, and other food processors through both direct sales and distribution.
Sun America was previously owned by two private equity firms – Hunter Valley Company and The Vitruvian Group, who partnered with the founder of the company Russ Romocean in 2015 and made a number of strategic investments that resulted in significant growth of the Company. Commenting on the transaction with MPE, Russ noted “We founded Sun America with a commitment to provide the industry’s premier denesting paper cups and have continued to develop innovative and sustainable paper and plastic solutions for food processors. MPE’s shared values and vision, as well as its ability to facilitate the merger with Central Coated, made it the right partner for Sun America.”
Sun America’s board of directors selected PMCF’s Plastics & Packaging Group to serve as exclusive financial advisor to Sun America in the transaction. Russell Romocean said, “John Hart and his team played a pivotal role in helping us find an ideal partner for Sun America and achieve a great outcome for our shareholders. PMCF’s early involvement with the company and deep understanding of the packaging industry helped us to showcase Sun America’s unique strengths and future potential. They managed a robust process and were closely engaged with us from the initial planning stages through every phase of the transaction.”
John Hart, Managing Director of PMCF Investment Banking added, “We were proud to represent the Sun America board of directors and management team in this marquee packaging transaction. We have been involved with the company since 2018 and have enjoyed watching the growth of the company over many years. We believe MPE will be a great partner and the combination with CCP creates a very attractive industry platform”
The transaction closed in April 2025. Calfee, Halter & Griswold LLP served as the legal advisor to Sun America, and Plante Moran provided tax structuring and accounting due diligence support.
About PMCF
PMCF is a client-centric middle market investment bank providing merger and acquisition advisory services to privately held shareholders as well as public, and private equity owned companies worldwide. The firm combines expansive industry and transactional expertise with highly engaged, senior-level bankers to create tailored solutions for clients. PMCF has been serving the plastics and packaging industries for over 20 years and has a long track record of successful transactions involving specialty, niche players in these industries.
About Sun America
Founded in 1993 and based in Alliance, OH, Sun America is a designer and manufacturer of custom paper baking cups for the high-speed production of muffins, cupcakes, and other baked goods, as well as thermoformed plastic containers and trays for automated packaging processes. For more information, please visit https://sun-america.com/.
About Hunter Valley Company Hunter Valley Company is a Cleveland, OH-based private equity investment group founded in 2012 to acquire and grow Midwest-based lower middle market companies for long-term ownership. The firm’s approach is to partner with strong management teams and provide the necessary resources to build their businesses, while taking a patient, long-term view to value creation. For more information, please visit https://www.huntervalleyco.com.About The Vitruvian Group
Founded in 2012, The Vitruvian Group is a Cleveland, Ohio, based holding company formed to acquire, build and hold regional industrial manufacturing and distribution companies. The firm has a particular interest in privately owned companies in need of an ownership transition as well as divisions of larger companies that no longer fit their parent company’s strategic direction. For more information, please visit https://www.t-v-g.com.
