- 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
- Lynx FBO Network, a Portfolio Company of The Sterling Group, Acquires Aurora Jet Center
HOUSTON, TX (May 27, 2015) – The Sterling Group, a private equity firm based in Houston, Texas, announced that it has completed the sale of B&G Crane Service (“B&G”) to NCSG Crane & Heavy Haul Corporation. Sterling acquired the business from the second generation family owners in 2010. Headquartered in New Orleans, Louisiana, B&G specializes in providing fully operated and maintained crane services, heavy rigging and specialty hauling services in the Louisiana Gulf Coast region. Sterling partnered with the family owners to expand the business into Texas. During Sterling’s ownership, the company’s addressable market expanded by over three times. Resulting revenue and EBITDA growth was substantial. “The Grilletta family had built a market leading, best-in-class business, and we were fortunate …
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 …