Author Archives: fjones

Safe Fleet, A Portfolio Company of The Sterling Group, Acquires Hadley’s Transit Mirror Product Line

HOUSTON, TX (July 1, 2015) – The Sterling Group, a private equity firm based in Houston, Texas, announced that its portfolio company, Safe Fleet Investments LLC, has completed the acquisition of the transit mirror product line for buses, shuttles and coaches from Hadley. This marks Safe Fleet’s fifth acquisition in the last eighteen months, as well as the second corporate carve-out. Based in Elkhart, Indiana, Hadley’s transit mirrors business is the North American market leader for transit bus mirrors. The combination of Hadley’s transit mirror business with Safe Fleet’s existing transit offerings establishes Safe Fleet as the leading supplier of specialty safety components for transit buses. The acquisition further broadens Safe Fleet’s extensive, safety-oriented product offering, in line with its …

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The Sterling Group Completes the Sale of B&G Crane Service to NCSG Crane

HOUSTON, TX (May 27, 2015) – The Sterling Group, a private equity firm based in Houston, Texas, announced that it has completed the sale of B&G Crane Service (“B&G”) to NCSG Crane & Heavy Haul Corporation. Sterling acquired the business from the second generation family owners in 2010. Headquartered in New Orleans, Louisiana, B&G specializes in providing fully operated and maintained crane services, heavy rigging and specialty hauling services in the Louisiana Gulf Coast region. Sterling partnered with the family owners to expand the business into Texas. During Sterling’s ownership, the company’s addressable market expanded by over three times. Resulting revenue and EBITDA growth was substantial. “The Grilletta family had built a market leading, best-in-class business, and we were fortunate …

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The Sterling Group Completes the Acquisition of ProcessBarron

HOUSTON, TX (May 1, 2015) – The Sterling Group, a private equity firm based in Houston, Texas, announced that it has completed the acquisition of Process Equipment, Inc. (“ProcessBarron”).  Sterling acquired the business from the founding family and management team who are reinvesting alongside Sterling in the new transaction. Headquartered in Birmingham, Alabama, ProcessBarron is a leading provider of custom turn-key air and material handling solutions to a variety of industries including utility providers and pulp, paperboard, metals and cement producers. The company designs, engineers, fabricates, installs, maintains and repairs equipment critical in powering industrial plants in a variety of end markets. “Over the past 30 years, ProcessBarron has provided best in class service and equipment to a variety of …

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