- 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.
HOUSTON, TX (September 29, 2006) – The Sterling Group, L.P. (“Sterling”), a Houston-based private equity firm and The Stephens Group, LLC of Little Rock, Arkansas (“Stephens”, and together, the “Investors”), today announced that they have finalized the acquisition of a majority stake in BTEC Turbines LP (“BTEC”). The acquisition was financed with equity and debt capital provided equally by the Investors. Headquartered in a 200,000 square foot facility on the Houston Ship Channel, BTEC specializes in the refurbishment, repair and packaging of large gas turbines as well as turnkey power plant design, construction, commissioning and support (“EPC”). BTEC was founded in 1997 by current CEO and significant shareholder Mike Boyce with whom Sterling and Stephens are partnering. BTEC has worked …
HOUSTON, TX (September 6, 2006) – The Sterling Group, L.P. (“Sterling”), a Houston-based private equity firm, today announced that it has finalized the acquisition of a majority interest in the entities comprising the Roofing Supply Group (“RSG”). Headquartered in Dallas, Texas, RSG is one of the largest wholesale distributors of roofing supplies and related materials in the United States. Through its network of 55 branches in 21 states, RSG provides one-step distribution services from the roofing product manufacturers to roofing contractors, home builders, retailers, and other end users. Ron Pugh, founder of RSG, started the first branch in Houston in 1981. He was joined by Vin Perella and Rodney Burns, who opened the second branch in 1984, and then later …
HOUSTON (August 11, 2006) – The Sterling Group, L.P. (“Sterling”), a Houston-based private equity firm, today announced that it has finalized the acquisition of CST Industries, Inc. (“CST”) from CSTI Holdings LLC, an entity controlled by Don Wagner, CST’s President and CEO, and George K. Baum Capital Partners, L.P., a Kansas City, Missouri-based private equity fund. Headquartered in Kansas City, Kansas, CST is a leading global manufacturer and erector of factory coated metal storage tanks. The Company’s comprehensive product offering includes bolted and factory welded tanks for use in a wide variety of applications, aluminum geodesic domes, and agricultural feed and waste storage systems. CST serves numerous end markets including water, wastewater, fire protection, oilfield, agriculture, industrial liquid, plastics, chemicals, …