Construction Supply Group, A Portfolio Company of The Sterling Group, Acquires Five Gerdau Construction Products Branches

HOUSTON, TX (May 3, 2017) – The Sterling Group, a Houston-based middle market private equity firm, announced the acquisition of five distribution branches from Gerdau Construction Products. The branches will become a part of Sterling’s portfolio company, Construction Supply Group. Construction Supply Group is a leader in the distribution of construction materials, accessories and tools, primarily for professional concrete and masonry contractors in the United States and Canada. The combined company has 53 branches with 850 employees and offers over 70,000 SKUs to nearly 25,000 customers. In late 2016, Sterling acquired Brock White Company, LLC, Border Construction Specialties, LLC and Stetson Building Products to form Construction Supply Group. Brock White, Border and Stetson each have strong branch footprints in Western …

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Lynx FBO Network Appoints Scott Kelly and Dan Bucaro to the Board of Directors

HOUSTON, TX (April 12, 2017) –  Lynx FBO Network, a buy-and-build effort in the FBO (fixed base operator) industry, today announced the appointment of Scott Kelly, retired astronaut and US Navy captain, and Dan Bucaro, former CEO of Landmark Aviation, to its Board of Directors. In September 2016,The Sterling Group, a middle market private equity firm focused on industrial businesses, began executing a plan to build a leading FBO network providing general aviation services.  Lynx completed four acquisitions in the first four months of operations. Scott Kelly is an astronaut and retired US Navy Captain who is a veteran of four space flights and commanded the International Space Station on three different expeditions. Dan Bucaro has been involved in the FBO …

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The Sterling Group Completes the Acquisition of Time Manufacturing Company

HOUSTON, TX (February 6, 2017) – The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that it acquired Time Manufacturing Company (“Time”) from O’Flaherty Holdings Limited. Headquartered in Waco, Texas, Time is a global designer, manufacturer, and distributor of vehicle-mounted aerial lifts primarily for the telecom and electric utility end markets.   Time has pioneered several brands within the aerial lift market, including the market leading Versalift brand. The business had been owned by the O’Flaherty family for over 40 years. “Sterling is the right partner for Time as we continue to pursue the significant growth opportunities that exist for the company today,” said Charles Wiley, CEO of Time.  “The Time team is excited to …

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