- Lynx FBO Network Appoints Scott Kelly and Dan Bucaro to the Board of Directors
- The Sterling Group Completes the Acquisition of Time Manufacturing Company
- 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
HOUSTON, TX (January 27, 2015) – 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 …
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,” …