News

Acquisition

September 17, 2009

CST Industries, Inc. Announces Acquisition of Temcor, Inc.

CST Industries, Inc. (CST), a global leader in the design, manufacture, and installation of storage tanks and covers, today announced that it has acquired Temcor, Inc. from Solis Capital Partners, L.L.C., a Southern California-based private equity firm. Temcor is a leading global provider of specialized aluminum dome structures headquartered in Gardena, California. Temcor designs, manufactures and erects clear-span aluminum domes and specialty covers for energy, infrastructure, water and wastewater applications. Temcor is the largest aluminum dome provider in the world with over 7,500 structures installed in 72 countries on all seven continents. Temcor is a fully integrated cover manufacturer combining proprietary design engineering capabilities, patented technologies, precision manufacturing and in-field domestic erection capabilities.

“Temcor is recognized internationally as a leader in aluminum domes and specialty covers. Its engineering expertise, global selling network, world class manufacturing operations, led by an experienced management team, are a strong fit with CST’s existing businesses,” said Brian Bauerbach, President and CEO of CST. “We look forward to working closely with Temcor’s management team to deliver the best storage and cover products and services to our customers worldwide.”

CST Industries has built an extensive portfolio of brands and products for critical storage requirements. The Temcor acquisition further strengthens CST’s overall position and ability to serve the industry.

CST Industries is a portfolio company of The Sterling Group, L.P.

About CST Industries, Inc.
CST Industries, Inc., headquartered in Kansas City, is the global leader in the manufacture and erection of factory coated metal storage tanks, aluminum domes and specialty covers. CST’s existing company portfolio consists of Columbian TecTank, Engineered Storage Products, Conservatek Industries, Inc. and CST Vulcan, Inc. Manufacturing facilities and technical design centers are located in Parsons, Kansas; Winchester, Tennessee; DeKalb, Illinois; Conroe, Texas and the United Kingdom. Regional sales offices are located throughout North America and in Mexico, Argentina, United Kingdom, Singapore and Dubai.

About Solis Capital Partners, L.L.C.
Solis Capital Partners, founded in 2002, is a disciplined and innovative private equity firm focused on the middle market. Solis favors service and manufacturing companies with enterprise values ranging from $10 to $100 million, with solid management, strong business fundamentals, market cycle resilience, a history of profitability and potential for organic growth.

About The Sterling Group, L.P.
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, industrial services and distribution companies. Typical enterprise values of these companies range from $100 to $500 million. Sterling has sponsored the buyout of over 35 platform portfolio companies and numerous add-on acquisitions aggregating a total transaction value of approximately $8 billion. Currently, Sterling has $600 million of committed capital under management.

For additional information, please contact:

CST Industries, Inc.
Tony Thill
(913) 621-3700
tthill@tanks.com

Solis Capital Partners, L.L.C.
Craig Dupper
(949) 720-4671
craig@soliscapital.com

The Sterling Group, L.P.
Francis Carr
(713) 341-5739
fcarr@sterling-group.com



Acquisition

April 30, 2009

The Sterling Group, L.P. Completes Acquisition of Velcon Filters, LLC

The Sterling Group, L.P. (“Sterling”), a Houston-based private equity investment firm, today announced that it has completed the acquisition of Velcon Filters, LLC (“Velcon”). The acquisition was financed with equity primarily from Sterling Group Partners II, L.P. and debt financing from BNP Paribas and Amegy Bank of Texas.

Velcon, headquartered in Colorado Springs, CO, is a niche manufacturer of filtration systems, including vessels and replacement cartridges, that meet specific requirements for fluid filtration processes in a variety of domestic and international end-markets. Velcon is a global leader in the filtration process for jet fuel delivery, manufacturing products that filter, purify and remove water from jet fuel along the transport chain from the refinery to the aircraft. End users of Velcon’s products primarily include airports, contracted fuel providers, FBO operators, militaries, pipeline operators and to a lesser extent commercial and industrial diesel consumers, refineries and utilities.

Velcon was founded in 1953 by Lu Taylor. His son, David Taylor has run the business for the past 18 years. The Taylor family and members of management will continue to be substantial shareholders in Velcon in partnership with Sterling. “We are excited about the opportunity to partner with The Sterling Group given their proven track record. The Velcon team believes this partnership will provide significant opportunities to further develop and expand the company’s reach,” said David Taylor, who will remain CEO of Velcon.

“We look forward to working with Dave and the rest of the management team to continue to grow the business and create value for all shareholders,” said Greg Elliott, a Partner of The Sterling Group. “Velcon, with its strong reputation in the U.S. and abroad, is an ideal platform to expand into complementary product lines and other niche liquid filtration segments.”

About The Sterling Group, L.P.
Founded in 1982, The Sterling Group, L.P. (www.sterling-group.com) is a private equity investment firm that targets controlling interests in basic manufacturing, industrial services and distribution companies. Typical enterprise values of these companies range from $100 million to $500 million. Sterling has sponsored the buyout of 36 platform companies and numerous add-on acquisitions for a total transaction value greater than $8 billion. Currently, Sterling has $600 million of committed capital under management through two funds, including Sterling Group Partners II, L.P. Current portfolio companies include North American Energy Partners Inc., Panolam Industries International, Inc., CST Industries, Inc., Roofing Supply Group, LLC, BTEC Turbines LP and Universal Fiber Systems, LLC.

For additional information, please contact:
The Sterling Group, L.P.
Kevin Garland, Partner
(713) 877-8257
kgarland@sterling-group.com



Acquisition

May 01, 2008

CST Industries, Inc. Announces Acquisition of Conservatek Industries, Inc.

CST Industries, Inc. (CST), a global leader in the design, manufacture, and sale of factory coated metal storage tanks and silos, today announced that it has acquired Conservatek Industries, Inc. The Sterling Group, L.P. , a Houston-based private equity firm, is the majority owner of CST.

Headquartered in Conroe, Texas, Conservatek is a leading manufacturer and installer of custom designed aluminum covers for various industries and applications worldwide. The Company’s broad product offering includes aluminum geodesic domes, extruded and formed flat covers, truss and joist supported roof structures and custom architectural cover designs for use in a wide variety of applications. Conservatek provides covers for storage tank applications in water, wastewater and petroleum as well as large dome structures for the storage of dry bulk materials. Conservatek’s architectural products are incorporated in many different building designs all over the world.

“Conservatek is recognized internationally as a leading designer and manufacturer of aluminum covers. Its design and engineering expertise, experienced management team and manufacturing capabilities are a strong fit with CST’s existing businesses” said Ron Stier, President and CEO of CST. “We look forward to working closely with Conservatek’s management team to enhance both organizations’ performance in our markets worldwide.”

About CST Industries, Inc.
CST Industries, Inc. (www.tanks.com), headquartered in Kansas City, is the global leader in the manufacture and erection of factory coated metal storage tanks. CST provides unique and proprietary glass-fused-to-steel and epoxy coating technology for its factory welded and bolted storage systems. CST’s existing company portfolio consists of Columbian TecTank, Engineered Storage Products and CST Vulcan, Inc. Manufacturing facilities and technical design centers are located in Parsons, Kansas; Winchester, Tennessee; DeKalb, Illinois and the United Kingdom. Regional sales offices are located throughout North America and in Mexico, Argentina, United Kingdom, Singapore and Dubai.

About The Sterling Group, L.P.
Founded in 1982, The Sterling Group (www.sterling-group.com) is a private equity investment firm that targets controlling interests in basic manufacturing, industrial services and distribution companies. Typical enterprise values of these companies range from $100 to $500 million. Sterling has sponsored the buyout of over 30 portfolio companies and numerous add-on acquisitions for a total transaction value of approximately $8 billion. Currently, Sterling has $600 million of committed capital under management.

For additional information about CST, please contact:
CST Industries, Inc.
Tony Thill
(913) 621-3700
tthill@tanks.com

For additional information about Sterling, please contact:
The Sterling Group, L.P.
Francis Carr
(713) 341-5739
fcarr@sterling-group.com



Acquisition

October 26, 2007

The Sterling Group, L.P. Completes Acquisition of Universal Fiber Systems, LLC

The Sterling Group, L.P. (“Sterling”), a Houston-based private equity investment firm, today announced that it has finalized the acquisition of Universal Fiber Systems, LLC (“UFS”), headquartered in Bristol, VA.. The acquisition was financed with equity primarily from Sterling Group Partners II, L.P. and debt financing was solely arranged by BNP Paribas.

UFS is a leading niche manufacturer of high-performance, specialty synthetic fibers for niche segments of the commercial carpet, transportation carpet, and specialty textile industries. UFS acts as a strategic partner to its blue-chip customer base of leading commercial carpet manufacturers, Tier 1 automotive suppliers, and value-added textile manufacturers by supplying specialty yarn synthesized from nylon, polyester, and specialty polymers needed to produce a diverse range of unique end-products. UFS is collectively led by three key executives: R. Marcus Ammen, Chief Financial Officer; Bentley E. Park, President, Universal Fibers; and John T. Amirtharaj, President, Premiere Fibers.

“Sterling has invested in several fiber businesses, including Fiber Industries and Propex Inc. We are excited to find this opportunity where we feel we can add value post closing,” said Billy Oehmig, a Partner with Sterling. “UFS is a good fit for us and we look forward to working with an outstanding management team and the excellent board of industry experts whom we have assembled.”

About The Sterling Group, L.P.
Founded in 1982, The Sterling Group, L.P. (www.sterling-group.com) is a private equity investment firm that targets controlling interests in basic manufacturing, industrial services and distribution companies. Typical enterprise values of these companies range from $100 million to $500 million. Sterling has sponsored the buyout of over 30 portfolio companies and numerous add-on acquisitions for a total transaction value greater than $8 billion. Currently, Sterling has $600 million of committed capital under management through two funds, including Sterling Group Partners II, L.P. Current portfolio companies include North American Energy Partners Inc. (NYSE: NOA), Propex Inc., Panolam Industries International, Inc., CST Industries, Inc., Roofing Supply Group, LLC, BTEC Turbines LP, and Hudson Products Corporation.

For additional information, please contact:
The Sterling Group, L.P.
Kent Wallace, Managing Director
(713) 877-8257
kwallace@sterling-group.com



Acquisition

June 15, 2007

Hudson Products Holdings, Inc. Completes the Acquisition of Smithco Engineering, Inc. and Metal Services, Inc.

Hudson Products Holdings, Inc. (Hudson), a global manufacturer of air-cooled heat exchangers and axial-flow fans, announced today that it has closed the acquisition of Smithco Engineering, Inc. and Metal Services, Inc., (collectively Smithco). The Sterling Group, L.P., a Houston-based private equity firm, is the majority owner of Hudson.

Smithco, based in Tulsa, Oklahoma, manufactures large-scale air-cooled heat exchangers. Products include both forced and induced-draft heat exchangers which are sold to customers such as oil refineries, gas processors, gas transmission pipelines, power generation plants, utilities and chemical processing plants. Smithco was previously owned by Judy Smith of Laguna Beach, California.

“I am pleased to welcome Smithco to the Hudson family,” said Chris Yunkun, CEO of Hudson. “The addition of Smithco broadens Hudson’s product offering and market presence. We look forward to working closely with Smithco’s management team to enhance both organizations’ performance in the air-cooled heat exchanger market.”

The acquisition was financed entirely with an extension of Hudson’s senior credit facilities. Concurrent with the acquisition, Hudson was able to more favorably re-price its senior credit facility. Debt financing for the transaction was led by BNP Paribas.

About Hudson Products Holdings, Inc.
Hudson is a global heat transfer solutions firm that provides custom-designed, highly engineered air-cooled heat exchangers and axial-flow fans, and also offers aftermarket parts and services. Hudson primarily serves clients in the oil, gas and petrochemical industries. Hudson is headquartered in Sugar Land, Texas, with manufacturing facilities in Beasley, Texas; Pombia, Italy; and Monterrey, Mexico.

About The Sterling Group, L.P.
Founded in 1982, The Sterling Group (www.sterling-group.com) is a private equity investment firm that targets controlling interests in basic manufacturing, industrial services and distribution companies. Typical enterprise values of these companies range from $100 to $500 million. Sterling has sponsored the buyout of over 30 portfolio companies and numerous add-on acquisitions for a total transaction value of approximately $8 billion. Currently, Sterling has $600 million of committed capital under management through two funds, including Sterling Group Partners II, L.P. Current portfolio companies include Panolam Industries International, Inc., North American Energy Partners Inc. (NYSE: NOA), Propex Inc., CST Industries, Inc., Roofing Supply Group, LLC, and BTEC Turbines LP.

For additional information, please contact:
The Sterling Group, L.P.
Kevin Garland
(713) 877-8257
kgarland@sterling-group.com



Acquisition

December 08, 2006

The Sterling Group, L.P. Completes Acquisition Of Hudson Products Corporation

The Sterling Group, L.P. (“Sterling”), a Houston-based private equity firm, today announced that it has finalized the acquisition of Hudson Products Corporation (“Hudson” or the “Company”). The Company, headquartered in Sugarland, Texas, was an affiliate of Madison Capital Partners (“Madison”), a Chicago-based investment firm.

Hudson is one of the world’s leading heat transfer solutions firms providing air-cooled heat exchangers and axial-flow fans to some of the largest processors in the petroleum, natural gas, power generation, petrochemical and chemical industries. Hudson’s manufacturing facilities are located in Beasley, TX, Pombia, Italy, and Monterrey, Mexico.

“As part of Madison over these past four years, Hudson has begun to realize its full potential. Madison’s influence has played a key role in performance improvements and prepared the Company to take the next step. Hudson’s management team and workforce are the finest in the industry as evidenced by the Company’s strong market position and reputation for quality, reliability and service,” said Chris Yunkun, CEO of Hudson. “We are very excited to be joining the Sterling family. Sterling’s familiarity and many years of experience in the markets Hudson serves will be an invaluable asset as we develop our future path together. Hudson looks forward to Sterling’s support as we pursue growth opportunities including new products, expanded distribution, internal improvements and strategic acquisitions.”

“Hudson and its affiliated companies have nearly 70 years of experience in producing high quality axial-flow fans and air-cooled heat exchangers. In recent years, under the leadership of Chris Yunkun, the Company has improved significantly,” said Kevin Garland, a Principal with Sterling. “We look forward to working with Chris and his team to continue to grow and improve Hudson.”

The acquisition was financed with equity primarily from Sterling Group Partners II, L.P., as well as significant reinvestment by an affiliate of Madison and the Hudson management team. Debt financing for the transaction was led by BNP Paribas.

About The Sterling Group, L.P.
Founded in 1982, The Sterling Group (www.sterling-group.com) is a private equity investment firm that targets controlling interests in basic manufacturing, industrial services and distribution companies. Typical enterprise values of these companies range from $100 million to $500 million. Sterling has sponsored the buyout of over 30 portfolio companies and numerous add-on acquisitions for a total transaction value greater than $7 billion. Currently, Sterling has $600 million of committed capital under management through two funds, including Sterling Group Partners II, L.P. Current portfolio companies include Panolam Industries International, Inc., North American Energy Partners Inc. (NYSE: NOA), Propex Inc., CST Industries, Inc., Roofing Supply Group, LLC, and BTEC Turbines LP.

For additional information, please contact:
The Sterling Group, L.P.
Gary Rosenthal
(713) 877-8257
grosenthal@sterling-group.com



Acquisition

November 28, 2006

North American Energy Partners Completes Initial Public Offering

North American Energy Partners Inc. (TSX / NYSE: NOA) (the “Company”) announced today that it completed its previously announced initial public offering (the “Offering”) of 12,500,000 of its voting common shares (“Common Shares”) at US$16.00 or C$18.38 per share. As part of the Offering, the Company sold 8,750,000 Common Shares and existing shareholders sold 3,750,000 Common Shares. The Company and the selling shareholders have granted the underwriters a 30-day option (the “over-allotment option”) to purchase up to an additional 1,875,000 Common Shares at the initial public offering price to cover any possible over-allotments.

In connection with the completion of the Offering, the Company completed the previously announced purchase of its outstanding 9% Senior Secured Notes due 2010. The Company also completed the amalgamation of NACG Holdings Inc. with its two subsidiaries, NACG Preferred Corp. and North American Energy Partners Inc., under the name North American Energy Partners Inc., as well as a pre-closing capital reorganization.

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The information provided in this news release is not an admission that any entity named in this release is a joint actor with any other entity named in this news release. The information relating to the Company’s principal shareholders was provided by each shareholder. This news release shall not constitute an offer to sell or a solicitation of an offer to buy any Common Shares in any province, territory or state in which such offer or solicitation would be unlawful.

******************

North American Energy Partners Inc. is one of the largest providers of mining and site preparation, piling and pipeline installation services in western Canada. For over 50 years, we have provided services to large oil, natural gas and resource companies, with a principal focus in the Canadian oil sands. We maintain one of the largest independently owned equipment fleets in the region.

For further information, please contact:
Vincent Gallant
Vice President, Corporate & Secretary
North American Energy Partners Inc.
Phone: (780) 960-2255
Fax: (780) 960-7167
Email: vgallant@nacg.ca



Acquisition

September 29, 2006

The Sterling Group, L.P. Announces Acquisition of BTEC Turbines LP

The Sterling Group, L.P. (“Sterling”), a Houston-based private equity firm and The Stephens Group, LLC of Little Rock, Arkansas (“Stephens”, and together, the “Investors”), today announced that they have finalized the acquisition of a majority stake in BTEC Turbines LP (“BTEC”). The acquisition was financed with equity and debt capital provided equally by the Investors.

Headquartered in a 200,000 square foot facility on the Houston Ship Channel, BTEC specializes in the refurbishment, repair and packaging of large gas turbines as well as turnkey power plant design, construction, commissioning and support (“EPC”). BTEC was founded in 1997 by current CEO and significant shareholder Mike Boyce with whom Sterling and Stephens are partnering. BTEC has worked on numerous projects since its inception, including fast track EPC projects rebuilding the power infrastructure in Iraq. BTEC is currently involved in a number of packaging and turnkey projects, including development of a 160 megawatt gas-fired power generation plant in Peru for BPZ Energy, Inc., a publicly traded oil and gas exploration and production corporation based in the United States.

Simultaneous with the acquisition of their ownership interests in BTEC, Sterling and Stephens financed BTEC’s purchase of an inventory of gas-fired turbines and balance of plant equipment through the acquisition of two currently non-operating gas-fired power plants. The first of these plants contains 8 large, recent vintage gas turbines. The second plant contains 6 large, older units which were refurbished. BTEC will use the acquired turbines and the balance of plant equipment for its power plant EPC projects.

About The Sterling Group, L.P.
The Sterling Group (www.sterling-group.com) is a private equity investment firm founded in 1982 that targets controlling interests in basic manufacturing, industrial services and distribution companies. Typical enterprise values of these companies range from $100 million to $500 million. Sterling has sponsored the buyout of 33 portfolio companies and numerous add-on acquisitions for a total transaction value greater than $8 billion. Currently, Sterling has $600 million of committed capital under management. Current portfolio companies include Roofing Supply Group, CST Industries, Panolam Industries, North American Construction Group and Propex Fabrics.

About The Stephens Group, LLC
The Stephens Group, LLC, is a private, family-owned firm that invests its capital in private and public companies with exceptional management teams and high returns on invested capital in growing industries. The Stephens Group has over 70 years of history in successfully investing in both minority and control positions across multiple industries, and has large positions in gas production, media, communications, consumer, manufacturing and other industries. The Stephens Group typically provides equity capital of $5 million to $75 million dollars and looks to invest from $100-$200 million per year.

For additional information, please contact:
The Sterling Group, L.P.
Gary Rosenthal
(713) 877-8257
grosenthal@sterling-group.com



Acquisition

September 06, 2006

The Sterling Group, L.P. Completes Acquisition of Roofing Supply Group

The Sterling Group, L.P. (“Sterling”), a Houston-based private equity firm, today announced that it has finalized the acquisition of a majority interest in the entities comprising the Roofing Supply Group (“RSG”).

Headquartered in Dallas, Texas, RSG is one of the largest wholesale distributors of roofing supplies and related materials in the United States. Through its network of 55 branches in 21 states, RSG provides one-step distribution services from the roofing product manufacturers to roofing contractors, home builders, retailers, and other end users.

Ron Pugh, founder of RSG, started the first branch in Houston in 1981. He was joined by Vin Perella and Rodney Burns, who opened the second branch in 1984, and then later by Dale Lowe to form the core management team and majority shareholders of RSG. Vin Perella has been named CEO of RSG at the closing of the acquisition, and Ron Pugh and Dale Lowe will remain active with RSG as board members and consultants to the company.

“Since the inception of RSG, our focus has been on our partner relationships and a continued emphasis on the entrepreneurial spirit throughout our organization. Continuing our culture, the key ingredient to our success was essential and Sterling provided the support necessary to maintain our culture and continue our successful growth. Sterling is a great fit and our future looks very bright together,” said RSG founder Ron Pugh.

“The people of RSG have built a tremendous business based on strong relationships with customers and suppliers and a remarkable record of successful growth. The Sterling Group is very pleased to have the opportunity to support and participate in their continued success,” said Hunter Nelson, a Principal with Sterling.

“I am extremely excited about partnering with The Sterling Group. They have embraced the culture that has made RSG the success that it is and have allowed our existing partners the ability to maintain an equity position in their branches. I am humbled and honored to lead such a talented and dedicated team,” said Vin Perella.

The acquisition was financed primarily with equity from Sterling Group Partners II, L.P. and its limited partners, as well as significant reinvestment by the RSG management team.

About The Sterling Group, L.P.
Founded in 1982, The Sterling Group (www.sterling-group.com) is a private equity investment firm that targets controlling interests in basic manufacturing, industrial services and distribution companies. Typical enterprise values of these companies range from $100 million to $500 million. Sterling has sponsored the buyout of over 30 portfolio companies and numerous add-on acquisitions for a total transaction value greater than $7 billion. Currently, Sterling has $600 million of committed capital under management through two funds, including Sterling Group Partners II, L.P. Current portfolio companies include Panolam Industries International, Inc., North American Construction Group Inc., Propex Fabrics Inc. and CST Industries, Inc.

For additional information:
The Sterling Group, L.P.
Kevin Garland
(713) 877-8257
kgarland@sterling-group.com



Acquisition

August 11, 2006

The Sterling Group, L.P. Announces Acquisition of CST Industries, Inc.

The Sterling Group, L.P. (“Sterling”), a Houston-based private equity firm, today announced that it has finalized the acquisition of CST Industries, Inc. (“CST”) from CSTI Holdings LLC, an entity controlled by Don Wagner, CST’s President and CEO, and George K. Baum Capital Partners, L.P., a Kansas City, Missouri-based private equity fund.

Headquartered in Kansas City, Kansas, CST is a leading global manufacturer and erector of factory coated metal storage tanks. The Company’s comprehensive product offering includes bolted and factory welded tanks for use in a wide variety of applications, aluminum geodesic domes, and agricultural feed and waste storage systems. CST serves numerous end markets including water, wastewater, fire protection, oilfield, agriculture, industrial liquid, plastics, chemicals, minerals, food, construction materials and energy. CST’s manufacturing facilities are located in Parsons, Kansas; DeKalb, Illinois; Winchester, Tennessee; and the United Kingdom.

“This company and its predecessors have manufactured tanks for over 100 years, and we intend to continue to support management in their growth plans,” said Frank Hevrdejs, Chairman of Sterling. “We have great respect for Don Wagner, Ron Stier and the company they have built, and are excited about the opportunity to partner with CST’s management team, which has proven its ability to grow the business globally by expanding sales of the company’s tanks into new markets.”

“CST has had success in growing its business because of its great employees and the advantages of its products,” said Mr. Wagner, who has been the President and CEO of CST and its predecessor since 1990. “Ron Stier has been an integral part of the company for nine years and is well prepared to lead CST to the next level. This company is a great platform for growth, and with the financial and operating assistance of the Sterling Group, the future is very bright.”

“It’s an exciting time for our business and we are looking forward to our partnership with Sterling. We clearly share a common vision of growing our business through satisfying our customers across our many markets,” said Ron Stier, the recently-promoted CEO of CST. “Don has been instrumental to the success of CST and, personally, a great partner. We are pleased he will continue to be active on our Board providing continued support to our management team.”

The acquisition was financed primarily with equity from Sterling Group Partners II, L.P., as well as a significant reinvestment by the CST management team. BNP Paribas arranged debt financing for the transaction.

About The Sterling Group, L.P.
The Sterling Group (www.sterling-group.com) is a private equity investment firm founded in 1982 that targets controlling interests in basic manufacturing, industrial services and distribution companies. Typical enterprise values of these companies range from $100 million to $500 million. Sterling has sponsored the buyout of 30 portfolio companies and numerous add-on acquisitions for a total transaction value greater than $7 billion. Currently, Sterling has $600 million of committed capital under management. Current portfolio companies include Panolam Industries, North American Construction Group and Propex Fabrics.

For additional information:
The Sterling Group, L.P.
Kevin Garland
(713) 877-8257
kgarland@sterling-group.com