Author Archives: fjones

Lynx FBO Network, a Portfolio Company of The Sterling Group, Acquires Two New Locations

January 3, 2017 (HOUSTON, TX) – The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that its platform company, Lynx FBO Network, has completed two acquisitions at Anoka County-Blaine Airport serving the Minneapolis/St. Paul metropolitan area, with prime access to US Bank Stadium and downtown Minneapolis. Lynx simultaneously acquired both Cirrus Flight Operations and Key Air Twin Cities. “We look forward to bringing the Lynx level of service and our extensive FBO expertise to the Minneapolis/St. Paul area,” said Chad Farischon, a Partner with Lynx. In August 2016, Sterling launched Lynx, a buy-and-build effort in the FBO industry, and is executing a plan to build a leading FBO network providing general aviation services. The …

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Construction Supply Holdings, A Portfolio Company of The Sterling Group, Acquires Stetson Building Products, Inc.

HOUSTON, TX (December 30, 2016) – The Sterling Group, a Houston-based middle market private equity firm, announced the acquisition of Stetson Building Products, Inc. Stetson is the third business comprising the newly formed Construction Supply Holdings. Stetson is a management owned construction supply distributor with nine branches and a distribution center in the Midwest. In November 2016, Sterling completed the simultaneous acquisitions of Brock White Company, LLC and Border Construction Specialties, LLC to form Construction Supply Holdings. Each an industry leader in their respective markets, Brock White and Border have strong branch footprints in the Western Canada, the Upper Midwest and the Southwest. The addition of Stetson further expands the company’s presence in the Midwest and adds technical expertise in …

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The Sterling Group Announces the Creation of New Construction Supply Platform

November 1, 2016 (HOUSTON, TX) – The Sterling Group, a Houston-based middle market private equity firm, announced the formation of a new platform in the construction supply distribution industry.  Today Sterling completed the simultaneous acquisitions of Brock White Company, LLC and Border Construction Specialties, LLC, each an industry leader in its respective markets. Headquartered in St. Paul, Minnesota, Brock White was founded in 1954 and operates 29 branches in the Upper Midwest and western Canada.  Headquartered in Phoenix, Arizona, Border was founded in 1955 and operates 10 branches in the Southwestern United States. Together, the new business will be a national leader in the distribution of construction materials, accessories and tools, primarily for professional concrete and masonry contractors in the …

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