- The Sterling Group Announces the Creation of New Construction Supply Platform
- Lynx FBO Network, a Portfolio Company of The Sterling Group, Acquires Aurora Jet Center
- The Sterling Group Announces Formation of New FBO Network, Acquires Destin Jet
- Specified Air Solutions, A Portfolio Company of The Sterling Group, Acquires Dectron Inc.
HOUSTON, TX (October 2, 2015) – The Sterling Group, a private equity firm based in Houston, Texas, announced that it has completed the sale of Universal Fiber Systems (“UFS”) to funds managed by HIG. Headquartered in Bristol, Virginia, UFS is a leading manufacturer of high-performance, specialty synthetic fibers for niche segments of the commercial carpet, transportation carpet and specialty apparel industries. During Sterling’s ownership, EBITDA has grown by over 70% based on a series of strategic and operational initiatives focused on market share growth, international expansion and cost savings and other margin improvement programs. This growth was accomplished in the face of a difficult market environment for nearly half of the company’s business serving commercial construction customers. “Sterling was fortunate …
HOUSTON, TX (October 1, 2015) – The Sterling Group, a private equity firm based in Houston, Texas, announced that it has completed the sale of Liqui-Box to funds managed by Olympus Partners. Sterling acquired the business from DuPont in 2011, its fourth carve-out from DuPont. Sterling has completed 22 corporate carve-outs since its inception in 1982. Headquartered in Richmond, Virginia, Liqui-Box is a leading global player in the bag-in-box industry. The company designs and supplies liquid packaging systems to meet filling and dispensing needs across numerous end markets, including dairy, beverage, food, and wine. Sterling engineered the complicated separation of the global Liqui-Box business from DuPont, established a new corporate headquarters, and implemented a wide variety of systems and processes …
HOUSTON, TX (July 27, 2015) – The Sterling Group, a middle market private equity firm based in Houston, Texas, announced it has closed on $1.25 billion in investor commitments for its most recent fund, Sterling Group Partners IV (“Fund IV”). Fund IV was oversubscribed and reached its hard cap in three months. Consistent with Sterling’s successful 33-year history, Fund IV primarily will target corporate carve-outs and family businesses in the industrial sector of the middle market. The substantial majority of Fund IV’s capital was committed by returning investors. Sterling welcomes a select number of new investors. “The Sterling team is pleased by the significant demand for Fund IV and the strength of our partnership with our investors,” said Kevin Garland, …