- The Sterling Group Completes the Acquisition of Time Manufacturing Company
- Safe Fleet, A Portfolio Company of The Sterling Group, Acquires Randall Manufacturing
- Lynx FBO Network, a Portfolio Company of The Sterling Group, Acquires Two New Locations
- Construction Supply Holdings, A Portfolio Company of The Sterling Group, Acquires Stetson Building Products, Inc.
Construction Supply Holdings, A Portfolio Company of The Sterling Group, Acquires Stetson Building Products, Inc.
HOUSTON, TX (December 30, 2016) – The Sterling Group, a Houston-based middle market private equity firm, announced the acquisition of Stetson Building Products, Inc. Stetson is the third business comprising the newly formed Construction Supply Holdings. Stetson is a management owned construction supply distributor with nine branches and a distribution center in the Midwest. In November 2016, Sterling completed the simultaneous acquisitions of Brock White Company, LLC and Border Construction Specialties, LLC to form Construction Supply Holdings. Each an industry leader in their respective markets, Brock White and Border have strong branch footprints in the Western Canada, the Upper Midwest and the Southwest. The addition of Stetson further expands the company’s presence in the Midwest and adds technical expertise in …
November 1, 2016 (HOUSTON, TX) – 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 29 branches in the Upper Midwest and western Canada. Headquartered in Phoenix, Arizona, Border was founded in 1955 and operates 10 branches in the Southwestern United States. Together, the new business will be a national leader in the distribution of construction materials, accessories and tools, primarily for professional concrete and masonry contractors in the …
October 31, 2016 (HOUSTON, TX) – 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 also announced Lynx’s acquisition of Aurora Jet Center at the Aurora State Airport serving the Portland, Oregon metropolitan area. “Aurora Jet Center is the primary provider on the airfield and has been growing substantially over the past several years. It is an exceptional addition to our new network,” said Chad Farischon and Tyson Goetz, …