- 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.
- The Sterling Group Completes the Simultaneous Acquisitions of North American Industrial Services and Evergreen Industrial Services to Form New Platform
- Safe Fleet, A Portfolio Company of The Sterling Group, Acquires FleetMind
Safe Fleet, A Portfolio Company of The Sterling Group, Completes the Acquisition of Seon Design Inc.
HOUSTON, TX (September 19, 2014) – The Sterling Group, a private equity firm based in Houston, Texas, today announced that its portfolio company, Safe Fleet Holdings LLC, has completed the acquisition of Seon Design Inc. Safe Fleet is a market leader in providing safety solutions for fleet vehicles. The company designs and manufactures safety- and productivity-oriented components for the emergency vehicle, truck and trailer, utility vehicle, school bus, and transit bus end markets. Seon is Safe Fleet’s second acquisition in the last nine months and further broadens Safe Fleet’s extensive product offering, in line with its on-going growth strategy. Seon is the leading manufacturer of video surveillance and fleet management solutions for school and transit buses. “Seon has developed and …
HOUSTON, TX (September 2, 2014) – The Sterling Group, a middle market private equity firm, today announced that its affiliated investment fund has completed the acquisition of Aquatic US Holdings Corp. Aquatic is the third business Sterling has carved-out of the former Tomkins group in a three-year period. Headquartered in Anaheim, California, Aquatic is a manufacturer of bathtubs and showers primarily used in residential single family and multi-family housing markets. Aquatic produces over 1,700 baths and showers per day from six manufacturing facilities across the United States. The company holds an estimated 20% share of the United States bathware market. “Sterling’s strategic, operational and financial support of its businesses is a welcome addition to all of us here at Aquatic,” …
Saxco International, a Portfolio Company of The Sterling Group, Acquires Square Peg Packaging and Printing, LLC
HOUSTON, TX (August 07, 2014) – The Sterling Group, a middle market private equity firm based in Houston, Texas, announced that its portfolio company, Saxco International has completed the acquisition of Square Peg Packaging and Printing, LLC. Headquartered in Horsham, Pennsylvania, Saxco is the market leader in the distribution of rigid packaging for the liquor, wine and craft beer industries. Saxco’s partnerships with North American manufacturers and unparalleled sourcing capabilities result in a wide array of customized glass, plastic and closure packaging solutions for their customers. Sterling acquired Saxco in 2011 from Herb and Keith Sachs, members of the founding family. Square Peg is the second add-on acquisition for Saxco in the past year.” Square Peg designs and supplies a …