- 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
- 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
HOUSTON, TEXAS (May 31, 2012) – The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that they have finalized the sale of Roofing Supply Group, LLC (“RSG”) to funds managed by Clayton, Dubilier & Rice, LLC (“CD&R”). RSG is the fourth largest distributor of roofing supplies and related materials in the United States, with 59 locations in 24 states. Terms of the transaction were not disclosed. RSG has grown significantly in recent years, driven by strategic and operational initiatives undertaken by The Sterling Group in partnership with management. Since Sterling acquired RSG from its founders in 2006, EBITDA increased by more than 50% despite a record decline in housing starts that has yet to …