Bob Sonntag President and owner of S3 Enterprises has retired and sold his interests in the Swift Current based Agricultural Manufacturer to Forage Capital Partners and Roynat Equity Partners.
Forage Capital Partners head office is located in Calgary, Alberta while Roynat Equity Partnersis a division of Roynat Capital Inc a wholly owned subsidiary of Scotiabank
Steven Leakos, Managing Director of Forage Capital says they are very excited about what the future holds for S3.
"The thing that impressed us about S3 was its culture, its willingness to approach the market differently, and its leadership."
Tobin Hayward, Director at Roynat Equity Partners is pleased with the move.
"We look forward to expanding upon S3’s remarkable success and partnering with the S3 team as we continue to support the ongoing growth."
Sonntag began working in 1985 at what was then Rem Manufacturing, in 2006 he bought the company and rebranded it as S3 expanding its operations from agricultural tynes (tines), rake teeth and springs to include the Delta Harrow plant in Iowa.
In the last few years he's stepped back from day to day operations turning things over to CEO Richelle Andreas and the rest of the S3 Management team.