- Dexter Axle, a Portfolio Company of The Sterling Group, Completes the Acquisition of AL-KO Vehicle Technology to Form DexKo Global Inc.
- The Sterling Group Completes the Sale of Universal Fiber Systems to HIG
- The Sterling Group Completes the Sale of Liqui-Box to Olympus Partners
- The Sterling Group Hits $1.25 Billion Hard Cap For Its Fourth Private Equity Fund
DALLAS, TX (December 30, 2011) – Roofing Supply Group, LLC (“RSG”), a national leader in the wholesale distribution of roofing supplies and related materials, today announced that it has acquired Intermountain Supply, Inc. (“IMS”). RSG is a portfolio company of The Sterling Group, L.P. With locations in Seattle and Spokane, Washington, IMS is a leading distributor of residential and commercial roofing supplies and other building materials in the region. “Founded in 1995, Intermountain Supply has established itself as the leading roofing supply distributor in the state of Washington and throughout the Northwestern US and has an excellent reputation,” said Mike Farrell, President and CEO of RSG. “We had identified Washington as an attractive market for RSG’s entry in 2011, and …
HOUSTON, TX (August 2, 2011) – The Sterling Group (“Sterling”), a Houston based private equity investment firm, today announced that its affiliated investment fund, Sterling Group Partners III, L.P., has completed the acquisition of the Stackpole International (“Stackpole”) business from Gates Canada (a subsidiary of Pinafore Holdings PV). The acquisition is Sterling’s second investment in its third fund, an $820 million fund raised in 2010, and is the twentieth corporate carve-out in its twenty-nine year history. The acquisition was financed with equity from Sterling Group Partners III, L.P., Current Capital LLC and several other co-investors. Senior debt financing was provided by RBC Capital Markets, BNP Paribas and UBS and mezzanine debt was provided by Hancock Capital Management, Fifth Street and …
NEW ORLEANS, LA (June 29, 2011) – B&G Crane Service, LLC (“B&G”), provider of operated and maintained mobile crane services, heavy rigging and specialty hauling services today announced that it has completed the acquisition of substantially all of the Texas-based assets of Ray Anthony International, LLC (“RAI”). B&G is a portfolio company of an affiliate of The Sterling Group, L.P. (“Sterling”), a Houston-based private equity investment firm. Headquartered in New Orleans, Louisiana, B&G has a fleet of over 100 mobile cranes ranging from 6 to 825 tons in capacity and a truck fleet of over 50 vehicles. The company’s crane rental fleet consists primarily of mobile all terrain, hydraulic truck, lattice boom crawler and tough terrain cranes. The specialty hauling …