The Sterling Group Completes the Sale of Universal Fiber Systems to HIG

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 …

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The Sterling Group Completes the Sale of Liqui-Box to Olympus Partners

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 …

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The Sterling Group Completes the Sale of Stackpole International to Crestview Partners

HOUSTON, TX (October 11, 2013) – The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that it has completed the sale of its portfolio company, Stackpole International to funds managed by Crestview Partners. Sterling had acquired Stackpole through a corporate carve-out from Tomkins in August 2011. Stackpole was an investment in Sterling’s third fund, an $820 million fund raised in 2010. The sale returns a significant portion of all called capital and fees to Fund III. Terms of the transaction were not disclosed. Headquartered in Ancaster, Ontario, Stackpole is a manufacturer and supplier of highly engineered oil-pumps and powdered metal components to automotive original equipment manufacturers. EBITDA has increased by more than 80% over …

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