- 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.
- The Sterling Group Announces the Creation of New Construction Supply Platform
HOUSTON, TX (May 20, 2016) – The Sterling Group, a private equity firm based in Houston, Texas, announced that its portfolio company, Safe Fleet, has completed the acquisition of Rear View Safety (“RVS”). This marks Safe Fleet’s sixth acquisition during Sterling’s ownership. Safe Fleet is a leading supplier of safety components for fleet vehicles. Based in Brooklyn, New York, Rear View Safety is one of the fastest growing providers of back up camera systems and video-based road safety solutions. Rear View Safety has been instrumental in driving the rapid adoption of video systems in commercial fleets including government fleets, recreational vehicles, truck, trailer, commercial van, construction, emergency, bus and shuttle, agriculture and industrial vehicles. Rear View Safety delivers outstanding quality, …
The Sterling Group Announces the Addition of Sreenu Tadavarthy as Senior Vice President of Business Development
HOUSTON, TX (May 18, 2016) – The Sterling Group, a middle market private equity firm based in Houston, announced the addition of Sreenu Tadavarthy as Senior Vice President of Business Development. Sreenu is based in Chicago and will lead the firm’s origination and deal sourcing activities within the Midwest. He will also support the firm’s broader sourcing effort by assisting in the development of investment themes and working with executives seeking to partner with private equity. Sreenu possesses over 20 years of M&A and corporate finance experience gained at various investment banks, including Bear, Stearns & Co. Inc., CIBC Oppenheimer Corp. and most recently TTK Partners, LLC, a boutique advisory firm that he co-founded and served as Partner for 10 …
Dexter Axle, a Portfolio Company of The Sterling Group, Completes the Acquisition of AL-KO Vehicle Technology to Form DexKo Global Inc.
HOUSTON, TX (January 4, 2016) – The Sterling Group, a middle market private equity firm, today announced that its portfolio company, Dexter Axle, has completed the acquisition of AL-KO VT. The combined companies have been renamed DexKo Global Inc. Today’s acquisition and the formation of DexKo Global Inc. creates the global leader in trailer axle and chassis supply with sales approaching nearly $1 billion. AL-KO is Dexter’s fourth acquisition under Sterling ownership and its third corporate carve-out. Dexter completed the carve-out from the family-owned AL-KO Kober SE, who will remain a significant shareholder in DexKo Global Inc. Headquartered in Kötz, Germany, AL-KO VT is the leading European designer and manufacturer of trailer axles, trailer and caravan components, chassis and motorized …