Rodger Krouse
| Rodger Krouse | |
|---|---|
| Born |
Rodger Russell Krouse 1961 (age 55–56) |
| Nationality | United States |
| Alma mater | B.S. University of Pennsylvania |
| Occupation | Investor |
| Known for | co-founder of private equity firm Sun Capital Partners, Inc. |
| Spouse(s) | Hillary Kim Miller |
| Children | three |
Rodger Krouse (born 1961) is an American businessperson who co-founded Sun Capital Partners, Inc., a global investment firm based in Boca Raton, Florida, United States.
Krouse was born to a Jewish family in 1961 and received a Bachelor of Science degree in Economics with a concentration in the Chinese language from The Wharton School of the University of Pennsylvania. At Wharton, he was a close friend of his future business partner Marc Leder.
After he finished school, he worked at Lehman Brothers in their corporate investment banking unit in New York City eventually rising to the position of Senior Vice President. In 1995, Krouse left the firm and co-founded the private equity firm, Sun Capital Partners with fellow University of Pennsylvania alumni and friend Marc J. Leder. With the goal of becoming a regional private equity firm, they located their company in Boca Raton, Florida thinking that they would get advance notice of potential acquisitions in the Southeast before their competitors in New York. The location in Florida did not afford the advantage they expected and for the first two years were repeatedly outbid by large New York firms. Although they did not complete any deals for the first two years, they were able to keep afloat thanks to established contacts at several large private equity groups from their time at Lehman Brothers, especially Bain Capital (which was then run by Mitt Romney). Their first acquisition was a distressed company called Atlas Papers and thereafter, the company focused on underperforming and distressed companies exclusively. Sun Capital differentiated itself from other turnaround companies due to its resource intensive platform utilizing a comparatively larger pool of employed professionals to supervise and manage its acquisitions (although also charging a higher fee). Following this strategy, the business reached $10 billion in assets and 165,000 employees in 2008 just before the market crash. After seeing at least ten of their portfolio companies enter bankruptcy in 2009, they retrenched and as of July 2013, Sun Capital had $8 billion in invested assets.
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