Author Archives: fjones

The Sterling Group Announces the Addition of Sreenu Tadavarthy as Senior Vice President of Business Development

HOUSTON, TX (May 18, 2016) – The Sterling Group, a middle market private equity firm based in Houston, announced the addition of Sreenu Tadavarthy as Senior Vice President of Business Development. Sreenu is based in Chicago and will lead the firm’s origination and deal sourcing activities within the Midwest. He will also support the firm’s broader sourcing effort by assisting in the development of investment themes and working with executives seeking to partner with private equity. Sreenu possesses over 20 years of M&A and corporate finance experience gained at various investment banks, including Bear, Stearns & Co. Inc., CIBC Oppenheimer Corp. and most recently TTK Partners, LLC, a boutique advisory firm that he co-founded and served as Partner for 10 …

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Dexter Axle, a Portfolio Company of The Sterling Group, Completes the Acquisition of AL-KO Vehicle Technology to Form DexKo Global Inc.

HOUSTON, TX (January 4, 2016) – The Sterling Group, a middle market private equity firm, today announced that its portfolio company, Dexter Axle, has completed the acquisition of AL-KO VT. The combined companies have been renamed DexKo Global Inc. Today’s acquisition and the formation of DexKo Global Inc. creates the global leader in trailer axle and chassis supply with sales approaching nearly $1 billion. AL-KO is Dexter’s fourth acquisition under Sterling ownership and its third corporate carve-out. Dexter completed the carve-out from the family-owned AL-KO Kober SE, who will remain a significant shareholder in DexKo Global Inc. Headquartered in Kötz, Germany, AL-KO VT is the leading European designer and manufacturer of trailer axles, trailer and caravan components, chassis and motorized …

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The Sterling Group Completes the Sale of Universal Fiber Systems to HIG

HOUSTON, TX (October 2, 2015) – The Sterling Group, a private equity firm based in Houston, Texas, announced that it has completed the sale of Universal Fiber Systems (“UFS”) to funds managed by HIG. Headquartered in Bristol, Virginia, UFS is a leading manufacturer of high-performance, specialty synthetic fibers for niche segments of the commercial carpet, transportation carpet and specialty apparel industries. During Sterling’s ownership, EBITDA has grown by over 70% based on a series of strategic and operational initiatives focused on market share growth, international expansion and cost savings and other margin improvement programs. This growth was accomplished in the face of a difficult market environment for nearly half of the company’s business serving commercial construction customers. “Sterling was fortunate …

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