Author Archives: fjones

The Sterling Group Announces Formation of New FBO Network, Acquires Destin Jet

HOUSTON, TX (September 30, 2016) – The Sterling Group, a middle market private equity firm based in Houston, Texas, announced the creation of a new fixed based operator (“FBO”) network and the acquisition of Destin Jet. Today’s acquisition of Destin Jet, an FBO located at the Destin Executive Airport in Destin, Florida, is the first location in the new network. Sterling has assembled a strong and experienced team to build the new network. Greg Elliott, a Partner at The Sterling Group, has been involved in building several FBO networks in the past fifteen years, including roles as Chairman of Encore and Trajen, and Board member of Landmark Aviation. Chad Farischon and Tyson Goetz, former members of both the Trajen and …

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Specified Air Solutions, A Portfolio Company of The Sterling Group, Acquires Dectron Inc.

HOUSTON, TX (August 3, 2016) – Specified Air Solutions, a market leading manufacturer of semi-custom commercial and industrial HVAC equipment, has completed the acquisition of the Dectron pool dehumidification systems business (“Dectron”) from the Lakdawala family. Specified Air is a portfolio company of The Sterling Group, a Houston-based middle market private equity firm. Headquartered in Montreal, Quebec, Dectron is a global provider of highly-engineered custom and semi-custom dehumidification, air quality and energy recovery solutions primarily for indoor pools.  “Dectron is a strong addition to Specified Air’s broad portfolio of products that provide solutions across a wide variety of commercial and industrial HVAC needs,” said Charley Brown, CEO of Specified Air Solutions. The company serves a multitude of market applications including …

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The Sterling Group Completes the Simultaneous Acquisitions of North American Industrial Services and Evergreen Industrial Services to Form New Platform

HOUSTON, TX (June 20, 2016) – The Sterling Group, a private equity firm based in Houston, Texas, announced the simultaneous acquisitions of North American Industrial Services (“North American”) and Evergreen Industrial Services (“Evergreen”). The combination of the two businesses will form a new leader in industrial cleaning and related specialty cleaning services. Headquartered in Ballston Spa, New York, North American serves a diverse set of end markets with a strong geographic presence in the Northeast, Midwest, and Rocky Mountain regions. Headquartered in La Porte, Texas, Evergreen is a leader in the Texas and West Coast petrochemical, refining, and midstream end markets. North American founders, Frank and Tim Zilka, and Evergreen founder Jon Hodges will continue to run their respective businesses …

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