Sun Re-Enters Convenience Store Sector

Sun Re-Enters Convenience Store Sector

admiral nf1Sun Capital Partners has acquired Admiral Petroleum Company and Lemmen Oil Company (Admiral), a convenience store operator based in the Midwest.

admiral nf11The operations of Admiral include 130 Admiral-branded gas and convenience stores and nine Lemmen-branded gas and convenience stores located in Michigan and Indiana. The company has approximately 1,400 employees and has been owned and operated by the Lemmen family since 1905. Admiral is headquartered near Grand Rapids in Coopersville, MI (

Sun Capital has named Jeff Turpin as Admiral’s new CEO. Mr. Turpin previously served as Chairman and CEO of VPS Convenience Store Group, a portfolio company of Sun Capital that was sold in June 2015 to GPM Investments (part of Israel-based Petro Group).  Mr. Turpin had been with VPS since 1995.

Marc Leder nf5“Admiral has been an innovator in the convenience store sector, and we look forward to building on the business’ strong reputation as it explores new growth opportunities,” said Marc Leder, Co-CEO at Sun Capital. “We’re excited to once again partner with Jeff Turpin, whose proven track record in this industry is second to none. I’m confident his deep experience and operational know-how will be invaluable as Admiral charts an exciting course forward.”

sun capital nf33Sun Capital invests in leveraged buyouts, equity, and debt in companies that can benefit from its in-house operating professionals and experience. Sun Capital has invested in and managed more than 320 companies worldwide since its founding in 1995. The firm has offices in Boca Raton, Los Angeles and New York; and affiliates in London, Frankfurt, Stockholm and Shenzhen (

“Over the course of more than a century, the Lemmen family successfully built an enduring business,” said Sun Capital Principal Jared Wien. “We look forward to collaborating with Jeff and the Admiral management team to help the company reach its potential through operational enhancements, organic growth and strategic acquisitions.”

© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 5-24-16

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