- The Sterling Group Announces the Creation of New Construction Supply Platform
- Lynx FBO Network, a Portfolio Company of The Sterling Group, Acquires Aurora Jet Center
- 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.
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 …
DALLAS, TX (December 30, 2011) – Roofing Supply Group, LLC (“RSG”), a national leader in the wholesale distribution of roofing supplies and related materials, today announced that it has acquired Intermountain Supply, Inc. (“IMS”). RSG is a portfolio company of The Sterling Group, L.P. With locations in Seattle and Spokane, Washington, IMS is a leading distributor of residential and commercial roofing supplies and other building materials in the region. “Founded in 1995, Intermountain Supply has established itself as the leading roofing supply distributor in the state of Washington and throughout the Northwestern US and has an excellent reputation,” said Mike Farrell, President and CEO of RSG. “We had identified Washington as an attractive market for RSG’s entry in 2011, and …