Chicago, Illinois – August 21, 2024 – Sun Acquisitions, a leading mergers and acquisitions firm headquartered in Chicago, is pleased to announce the successful sale of Petersen International Furniture to Commonwealth Initiatives LLC.
“Petersen International Furniture has built an impressive reputation in the commercial food service furniture industry over the past 40 years,” said Kevin Collins, Senior Advisor at Sun Acquisitions. “We’re confident that this partnership with Commonwealth Initiatives will be a natural fit, allowing both businesses to leverage their strengths and expand their reach in the market.”
Sun Acquisitions played a crucial role in facilitating this transaction. Confidential marketing efforts generated significant interest in Petersen Furniture, resulting in multiple qualified buyers. Additionally, Sun Acquisitions provided ongoing advisory services to Petersen Furniture throughout the due diligence process.
This transaction represents a strategic move for both companies. Petersen International Furniture brings its established expertise in commercial food service furniture, while Commonwealth Initiatives offers its unique strengths. This powerful combination is poised to drive significant growth for both entities in the future.
About Sun Acquisitions
Sun Acquisitions is a premier mergers and acquisitions firm specializing in confidential sales, acquisitions, and valuations for privately held companies. With a team of experienced professionals and a proven track record of over 400 successful transactions, Sun Acquisitions provides comprehensive guidance throughout the M&A process.
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