- Dexter Axle, a Portfolio Company of The Sterling Group, Completes the Acquisition of AL-KO Vehicle Technology to Form DexKo Global Inc.
- The Sterling Group Completes the Sale of Universal Fiber Systems to HIG
- The Sterling Group Completes the Sale of Liqui-Box to Olympus Partners
- The Sterling Group Hits $1.25 Billion Hard Cap For Its Fourth Private Equity Fund
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 …
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 …
January 27, 2015 (Houston, Texas) – The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced Specified Air Solutions as the new name for its portfolio of HVAC companies. The company previously operated under the name Roberts-Gordon LLC and was acquired by Sterling in July 2014. Specified Air Solutions is an international manufacturer of semi-custom commercial and industrial HVAC equipment, as well as industrial process and finishing equipment. The Specified Air portfolio includes many well known brands such as Addison, Rapid Engineering, Weather-Rite, Bananza, Phoenix Air Systems, Combat, and Roberts Gordon. Each of these product lines will retain their respective names serving a wide range of market applications including manufacturing facilities, warehouses, educational facilities, commercial …