Mergers & Acquisitions ·
Sun Communities sells UK business to Aermont affiliate for $1.05 billion, takes net proceeds of $1.03B
SUISun Communities Inc
Sun Communities, Inc. completed the sale of its UK business, Park Holidays, to Panther Bidco Limited, an affiliate of Aermont Capital LLP, on September 22, 2026. The buyer paid approximately £772.3 million (about $1.05 billion) in cash consideration, resulting in net proceeds of approximately $1.03 billion after transaction costs and adjustments. Sun Communities intends to use the proceeds primarily for share repurchases, debt repayment, and general corporate purposes. Year-to-date through September 21, 2026, the company had repurchased approximately 3.5 million shares for an aggregate of $425 million. The sale positions Sun as a pure-play North American manufactured housing and RV community operator. Sun Communities is a real estate investment trust that owns and operates manufactured housing and recreational vehicle communities in the United States and Canada.