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The Sterling Group Credit Fund Announces Investment in Systems Control, Inc.

The Sterling Group Credit Fund (“Sterling Credit”) has participated in a second lien loan facility and made an equity co-investment in support of Comvest Investment Partners’ Holdings, LLC (“Comvest”) acquisition of Northern Star Holdings, Inc (“NS Holdings”) from its founders. Headquartered in Iron Mountain, Michigan, NS Holdings through its primary subsidiary Systems Control, Inc. is a market leading manufacturer of …

Construction Supply Group, a Portfolio Company of The Sterling Group, Acquires Zia Concrete Supply

The Sterling Group, a Houston-based middle market private equity firm, announced that its portfolio company, Construction Supply Group (“CSG”), has completed the acquisition of Zia Concrete Supply, a construction supply distributor operating out of Albuquerque, New Mexico since 1997.  Construction Supply Group is a leader in the distribution of construction materials, accessories and tools, primarily for professional concrete and masonry …

Lynx FBO Network, a Portfolio Company of The Sterling Group, Acquires Fly Arkansas’ Little Rock FBO

The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that its platform company, Lynx FBO Network, has completed the acquisition of the FBO assets of Fly Arkansas at Clinton National Airport in Little Rock, Arkansas. Fly Arkansas retains the FBO at Boone County Airport and Aircraft Management and Charter. In August 2016, Sterling launched …

The Sterling Group Completes the Sale of Safe Fleet to Oak Hill Capital Partners

The Sterling Group, an operationally focused middle market private equity firm, has completed the sale of Safe Fleet to funds managed by Oak Hill Capital Partners.  Financial terms of the transaction were not disclosed. Headquartered in Belton, Missouri, Safe Fleet provides a wide variety of safety solutions for fleet vehicles, including the following end markets: bus, rail, RV, truck and …

Construction Supply Group, A Portfolio Company of The Sterling Group, Acquires Brock White of Wisconsin

The Sterling Group, a Houston-based middle market private equity firm, announced that its portfolio company, Construction Supply Group (“CSG”), has completed the acquisition of Brock White of Wisconsin, a construction supply distributor in the Milwaukee, Wisconsin area. Construction Supply Group is a leader in the distribution of construction materials, accessories and tools, primarily for professional concrete and masonry contractors in …

Construction Supply Group, A Portfolio Company of The Sterling Group, Acquires Carter Waters

The Sterling Group, a Houston-based middle market private equity firm, announced that its portfolio company, Construction Supply Group, has completed the acquisition of Carter Waters.  Construction Supply Group is a leader in the distribution of construction materials and accessories and tools, primarily for professional concrete and masonry contractors in the United States and Canada. The combined company has 72 branches …

The Sterling Group Agrees to Sell DexKo Global Inc. to KPS Capital Partners

The Sterling Group, an operationally focused middle market private equity firm, today announced a definitive agreement to sell DexKo Global Inc. (“DexKo”) to funds managed by KPS Capital Partners, LP.   Financial terms of the transaction were not disclosed. DexKo is the leading global supplier of highly engineered running gear technology, chassis assemblies and related components with over 130 years of …

Construction Supply Group, A Portfolio Company of The Sterling Group, Acquires Five Gerdau Construction Products Branches

The Sterling Group, a Houston-based middle market private equity firm, announced the acquisition of five distribution branches from Gerdau Construction Products. The branches will become a part of Sterling’s portfolio company, Construction Supply Group. Construction Supply Group is a leader in the distribution of construction materials, accessories and tools, primarily for professional concrete and masonry contractors in the United States …

The Sterling Group Completes the Acquisition of Time Manufacturing Company

The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that it acquired Time Manufacturing Company (“Time”) from O’Flaherty Holdings Limited. Headquartered in Waco, Texas, Time is a global designer, manufacturer, and distributor of vehicle-mounted aerial lifts primarily for the telecom and electric utility end markets.   Time has pioneered several brands within the aerial lift …

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

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 …