A source familiar with the situation, however, tells me that Sun is actually a senior secured lender to Scooter Store — rather than an equity owner.
No sooner had word spread that Doug Harrison had stepped down as CEO of The Scooter Store, than industry sources began to speculate on whether investor Sun Capital was behind the move.
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
Sun Capital Partners, a senior secured lender, referred questions about The Scooter Store’s financial situation to AlixPartners. In other news at The Scooter Store last week, a furloughed mobility specialist sued the company citing the Worker Adjustment and Retraining Notification (WARN).
Sun Capital’s Scooter Store files for Chapter 11 after fraud allegations
The SCOOTER Store Secures Financing From a Sun Capital Partners Affiliate New Strategic Partnership to Fuel Company’s Growth and Potential Acquisitions Needed To Serve Growing Ranks of Senior
Four of the five board seats were occupied by members of private-equity firm Sun Capital Partners Inc., a major investor and lender in The Scooter Store. Autos Jobs
A third lien is held by a partnership of Florida-based private-equity firm Sun Capital Partners Inc., which loaned $40 million to The Scooter Store. Besides the debt, Sun owns preferred equity and
What with their headquarters in Boca Raton, Fla., executives at Sun Capital Partners must be dodging products from The SCOOTER Store every time they set foot outside the office. Now, they’re
Aug 10, 2012 · HMMM guess thats not a pro anymore. uhm honestly cant think of even one pro anymore. Sun capital turned TSSI into the worst company to work for in the blink of an eye. ”After Doug Harrison left is all downhill folks.” Star Star Star Star Star. Work/Life Balance. Culture & Values. Career Opportunities I have been working at The SCOOTER
Author: Former Employee – Mobility and Service Specialist