Posts for News Category

Highline Aftermarket, a Portfolio Company of The Sterling Group, Acquires South/Win

The Sterling Group, a Houston-based middle market private equity firm, announced that its portfolio company, Highline Aftermarket (“Highline”) has completed the acquisition of South/Win. Highline is a leading national distributor of consumable products, with strategic manufacturing capabilities, serving multiple channels across the automotive aftermarket.  Headquartered in Greensboro, North Carolina, South/Win is a manufacturer of automotive fluids going to market under …

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 …

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 …