The Sterling Group Hits $1.25 Billion Hard Cap For Its Fourth Private Equity Fund

HOUSTON, TX (July 27, 2015) – The Sterling Group, a middle market private equity firm based in Houston, Texas, announced it has closed on $1.25 billion in investor commitments for its most recent fund, Sterling Group Partners IV (“Fund IV”). Fund IV was oversubscribed and reached its hard cap in three months. Consistent with Sterling’s successful 33-year history, Fund IV primarily will target corporate carve-outs and family businesses in the industrial sector of the middle market. The substantial majority of Fund IV’s capital was committed by returning investors. Sterling welcomes a select number of new investors. “The Sterling team is pleased by the significant demand for Fund IV and the strength of our partnership with our investors,” said Kevin Garland, …

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The Sterling Group Completes the Acquisition of ProcessBarron

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 …

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Safe Fleet, A Portfolio Company of The Sterling Group, Acquires Elkhart Brass

HOUSTON, TX (March 2, 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 Elkhart Brass. Safe Fleet is the market leader in providing safety solutions for fleet vehicles. The company designs and manufactures safety-oriented components for the emergency vehicle, truck and trailer, utility vehicle, school bus, and transit bus end markets. Elkhart Brass is Safe Fleet’s third acquisition in the last fifteen months and further broadens Safe Fleet’s extensive, safety-oriented product offering, in line with its on-going growth strategy. Elkhart Brass is an innovative manufacturer of fire fighting and fire protection equipment, including monitors, valves, nozzles, appliances and accessories used in virtually every …

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