- The Sterling Group Announces Formation of New FBO Network, Acquires Destin Jet
- Specified Air Solutions, A Portfolio Company of The Sterling Group, Acquires Dectron Inc.
- The Sterling Group Completes the Simultaneous Acquisitions of North American Industrial Services and Evergreen Industrial Services to Form New Platform
- Safe Fleet, A Portfolio Company of The Sterling Group, Acquires FleetMind
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 …
Safe Fleet, A Portfolio Company of The Sterling Group, Acquires Hadley’s Transit Mirror Product Line
HOUSTON, TX (July 1, 2015) – The Sterling Group, a private equity firm based in Houston, Texas, announced that its portfolio company, Safe Fleet Investments LLC, has completed the acquisition of the transit mirror product line for buses, shuttles and coaches from Hadley. This marks Safe Fleet’s fifth acquisition in the last eighteen months, as well as the second corporate carve-out. Based in Elkhart, Indiana, Hadley’s transit mirrors business is the North American market leader for transit bus mirrors. The combination of Hadley’s transit mirror business with Safe Fleet’s existing transit offerings establishes Safe Fleet as the leading supplier of specialty safety components for transit buses. The acquisition further broadens Safe Fleet’s extensive, safety-oriented product offering, in line with its …
HOUSTON, TX (May 1, 2015) – The Sterling Group, a private equity firm based in Houston, Texas, announced that it has completed the acquisition of Process Equipment, Inc. (“ProcessBarron”). Sterling acquired the business from the founding family and management team who are reinvesting alongside Sterling in the new transaction. Headquartered in Birmingham, Alabama, ProcessBarron is a leading provider of custom turn-key air and material handling solutions to a variety of industries including utility providers and pulp, paperboard, metals and cement producers. The company designs, engineers, fabricates, installs, maintains and repairs equipment critical in powering industrial plants in a variety of end markets. “Over the past 30 years, ProcessBarron has provided best in class service and equipment to a variety of …