Project 1

ProcessBarron

Business:

ProcessBarron designs, manufactures and installs industrial process fans and material handling systems and provides follow-on service and maintenance for this equipment.

Situation Overview:

The family was not going to have to educate Sterling on the fundamentals of the business. Important to the family was a conservative capital structure and the ability to re-invest alongside Sterling.

“We were looking for the right partner for our family business. Sterling Group really worked with us and made the transaction a positive experience for our company, our family, and all of our employees”

Ken Nolen, Birmingham, Alabama
CEO of ProcessBarron

ProcessBarron designs, manufactures and installs industrial process fans and material handling systems, and provides follow-on service and maintenance for this equipment. The company manufactures, maintains, installs, repairs and replaces equipment in and around the power island of an industrial facility. ProcessBarron provides its services to various industries including pulp and paper, power, steel, cement, food, and agriculture.

The family owners of ProcessBarron knew they were ready for a financial partner to help facilitate a family ownership transition, however they knew they did not want to sell to a large industry competitor. The family had participated in an auction several years before and had not been happy with the experience. Sterling had maintained a dialogue with the management team and had been researching the industry for many years. The family was not going to have to educate Sterling on the fundamentals of the business.  Important to the family was a conservative capital structure and the ability to re-invest alongside Sterling.  Based on all of these factors, Sterling was the right fit for ProcessBarron.

*The experience cited here is not necessarily reflective of all who have partnered with Sterling. Past performance does not guarantee future results.

Project 1
“Sterling Group made the transaction positive for our company, family & employees”
Project 1