Posts for News Category

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 …

The Sterling Group Completes the Sale of DexKo Global Inc. to KPS Capital Partners

The Sterling Group, an operationally focused middle market private equity firm, completed the sale of 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 trailer and caravan …

Lynx FBO Network Appoints Scott Kelly and Dan Bucaro to the Board of Directors

Lynx FBO Network, a buy-and-build effort in the FBO (fixed base operator) industry, today announced the appointment of Scott Kelly, retired astronaut and US Navy captain, and Dan Bucaro, former CEO of Landmark Aviation, to its Board of Directors. In September 2016,The Sterling Group, a middle market private equity firm focused on industrial businesses, began executing a plan to build …

The Sterling Group Announces the Creation of New Construction Supply Platform

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 …

Lynx FBO Network, a Portfolio Company of The Sterling Group, Acquires Aurora Jet Center

The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced the new name of its buy-and-build in the FBO industry, Lynx FBO Network (“Lynx”). Sterling has dedicated significant resources from its recent $1.25 billion fund to build Lynx into a leading FBO network providing fuel, ramp and other services to the general aviation industry. Sterling …

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

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 …

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

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 …

Safe Fleet, A Portfolio Company of The Sterling Group, Acquires FleetMind

The Sterling Group, a private equity firm based in Houston, Texas, announced that its portfolio company, Safe Fleet, has completed the acquisition of FleetMind Solutions, Inc. (“FleetMind”). This marks Safe Fleet’s seventh acquisition during Sterling’s ownership.  Safe Fleet is a leading supplier of safety components for fleet vehicles. Based in Montreal, Canada, FleetMind delivers the waste industry’s leading “smart truck” …

Safe Fleet, A Portfolio Company of The Sterling Group, Acquires Rear View Safety

The Sterling Group, a private equity firm based in Houston, Texas, announced that its portfolio company, Safe Fleet, has completed the acquisition of Rear View Safety (“RVS”). This marks Safe Fleet’s sixth acquisition during Sterling’s ownership. Safe Fleet is a leading supplier of safety components for fleet vehicles. Based in Brooklyn, New York, Rear View Safety is one of the …