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Posts for Closing Category

The Sterling Group Completes the Sale of Stackpole International to Crestview Partners

The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that it has completed the sale of its portfolio company, Stackpole International to funds managed by Crestview Partners. Sterling had acquired Stackpole through a corporate carve-out from Tomkins in August 2011. Stackpole was an investment in Sterling’s third fund, an $820 million fund raised in …

The Sterling Group Completes the Acquisitions of ROM Corporation and Specialty Manufacturing, Inc.

The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that its affiliated investment fund, Sterling Group Partners III, L.P., has completed the acquisition of ROM Corporation (“ROM”) and Specialty Manufacturing, Inc. (“SMI”), combining the businesses through its holding company, Safe Fleet Acquisition Corp. The investment is Sterling’s fifth investment in its third fund, an …

Stackpole International, a Portfolio Company of The Sterling Group, Completes Refinancing

The Sterling Group announced today that its portfolio company, Stackpole International (“Stackpole”) completed the refinancing of its outstanding debt on August 2, 2012.  Stackpole is a manufacturer and sole source supplier of highly-engineered oil pumps and powdered metal components to automotive original equipment manufacturers.  Sterling acquired Stackpole on August 2, 2011 from Gates Canada, a subsidiary of Tomkins.  Stackpole raised …

The Sterling Group Closes $820 Million Fund III

The Sterling Group, L.P. a Houston based middle-market private equity firm focused on operational value creation, today announced the final closing of Sterling Group Partners III, L.P. (Fund III) at $820 million. Fund III, raised in 10 months and oversubscribed, closed significantly above its $600 million target. It is the successor to Sterling Group Partners II, L.P. (Fund II), a …

The Sterling Group Closes $470 Million Private Equity Fund

The Sterling Group, L.P., a Houston-based private equity firm focused on acquiring North American middle-market manufacturing, industrial service and distribution companies, today announced the final close of Sterling Group Partners II, L.P. (“Fund II”), with aggregate capital commitments of $470 million, including $20 million from the Principals of Sterling. Additionally, The Sterling Group announced the addition of two new members …