August 04, 2025
PrimeFlight Aviation Services, a portfolio company of The Sterling Group, announced it had acquired StratAir’s cargo handling operations at Miami International Airport (MIA), Richmond International Airport (RIC), and Luis Muñoz Marín International Airport in San Juan (SJU) last week. This acquisition marks a significant milestone in PrimeFlight’s ongoing global cargo expansion strategy.
The addition of StratAir’s cargo handling operations at MIA, RIC, and SJU enhances PrimeFlight’s presence at key domestic and international cargo gateways. The move expands its network and capabilities to better serve its customers, which include leading global logistics providers and air cargo carriers. StratAir’s facilities, including a 120,000-square-foot third-party handling complex at MIA, will be integrated into PrimeFlight’s cargo division, bringing with it an expanded capacity, operational scale, and an experienced team of professionals.
“This acquisition is a key step forward in our mission to build a world-class, integrated cargo handling network,” Craig Smyth, President and CEO for PrimeFlight explained. “StratAir has built a strong reputation in the industry, and we are excited to bring their expertise, infrastructure, and customer relationships into our growing portfolio. Together, we are even better positioned to support the evolving needs of the air cargo industry.”
The StratAir transaction follows PrimeFlight’s recent acquisition of AirWorld at London Heathrow Airport (LHR), underscoring the company’s strategy to build a global cargo network anchored in major international hubs.
“Together, these investments reflect our commitment to developing a scalable platform focused on high-volume cargo gateways and specialized product handling—supporting the industry’s growing demand for time-critical and e-commerce-driven logistics solutions,” Craig added. “PrimeFlight remains focused on delivering operational excellence through safety, innovation, and exceptional customer service—principles that will guide the integration of StratAir’s operations.”
Saltchuk Aviation, the former parent company of StratAir, supported its growth since acquiring the company in 2016.
“StratAir has been an integral part of the Saltchuk Aviation portfolio, and we’re incredibly proud of the team and everything we’ve accomplished together. We made the strategic decision to sell the operation to a partner with the scale and network to take it even further,” Mike Thompson, Chief Executive Officer of Saltchuk Aviation, added. “As we refocus on our core markets in Alaska and Hawaii, we knew StratAir deserved a partner with the resources and vision to support its continued growth. We wish them the very best in this next chapter with PrimeFlight.”
During the integration period, StratAir’s operations will continue under its current brand. Over time, these operations will transition to the PrimeFlight brand.
About PrimeFlight Aviation Services
Headquartered in Sugar Land, Texas, PrimeFlight Aviation Services and its network of subsidiaries provides major airlines and airports with ground handling, fueling services, cargo handling, GSE maintenance, aircraft services, deicing, passenger services, aviation cleaning supplies, and terminal services, as well as general aviation aircraft cleaning and support services, across a global footprint. PrimeFlight is a portfolio company of The Sterling Group and Capitol Meridian Partners. For more information, visit www.primeflight.com.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $750 million. Sterling has sponsored the buyout of 76 platform companies and numerous add-on acquisitions for a total transaction value of over $25 billion. Sterling currently has over $9 billion of assets under management. For further information, please visit www.sterling-group.com.
Past performance is no guarantee of future results and all investments are subject to loss.
July 31, 2025
The Sterling Group (“Sterling”), a Houston, TX-based middle market private equity firm, today announced the acquisition of Precision Concepts International, LLC (“PCI” or “the Company”), a leading provider of specialty rigid packaging solutions, from ONCAP, the lower mid-market private equity platform of Onex Corporation (TSX: ONEX). Sterling will partner with existing PCI investors, including ONCAP and management, to support PCI’s continued growth.
Headquartered in Huntersville, North Carolina, PCI operates five manufacturing facilities across the U.S., with additional locations in Canada and Costa Rica, that service small to mid-size companies within stable, consumer-focused end sectors including personal care, household, and food and beverage products. Sterling has a long history of partnering with management teams in the packaging sector. Long-time specialty packaging executive Ken Swanson, who formerly served as Chief Executive Officer of Sterling portfolio company Liqui-Box, will serve as Chairman of PCI’s Board of Directors upon the closing of the transaction.
Evercore acted as financial advisor and Latham & Watkins LLP acted as legal advisor to The Sterling Group. William Blair and Stifel acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to PCI.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $750 million. Sterling has sponsored the buyout of 76 platform companies and numerous add-on acquisitions for a total transaction value of over $25 billion. Sterling currently has over $9 billion of assets under management. For further information, please visit www.sterling-group.com.
About ONCAP
Founded in 2000, ONCAP is the dedicated lower mid-market private equity platform of Onex Corporation, committed to investing in and partnering with North American headquartered businesses and their management teams in our core sectors of emphasis. Today, ONCAP operates with a team of 39 employees managing $3.5 billion in assets across offices in Toronto and New York. For more information on ONCAP and Onex, visit www.oncap.com and www.onex.com.
About Onex
Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $53.1 billion in assets under management, of which $8.3 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.
Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedarplus.ca.
Past performance is no guarantee of future results and all investments are subject to loss.
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July 24, 2025
The Sterling Group Foundation Fund (the “Foundation Fund”), an operationally focused lower middle market private equity firm, announced the establishment of AGS American Glass Services (“AGS”), a multi-regional provider of custom glass and coatings solutions with operations across the Midwest.
AGS provides light, value-added fabrication and installation (glazing) of interior and exterior commercial glass systems, along with a range of specialty coating services for both interior and exterior applications. AGS is focused on building types that are “below the tree line” across a diverse set of end-markets including education, manufacturing, government, office, and retail, among others. AGS will seek to acquire businesses with market-leading customer service models in adjacent markets.
“We’re excited to launch AGS American Glass Services as a new platform dedicated to building a market-leading commercial glazing business. With a strong foundation of operational excellence and customer relationships, we see a significant opportunity to scale this platform nationally and partner with talented teams across the industry,” said Partner Lucas Cutler. The Sterling Group has deep experience in the building products industry.
AGS is a portfolio company of the Foundation Fund. The Foundation Fund aims to leverage The Sterling Group’s operational capabilities and experience in the industrial sector to “set the foundation” for growth at lower middle market companies. Other Foundation Fund portfolio companies include Premier Tire and Service, Compost 360, Russell Landscaping, and OGD Overhead Garage Door.
About The Sterling Group Foundation Fund
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of over 70 platform companies and numerous add-on acquisitions for a total transaction value of over $24 billion. Sterling currently has over $9 billion of assets under management. For further information, please visit www.sterling-group.com.
Past performance is no guarantee of future results and all investments are subject to loss.
July 15, 2025
The Sterling Group (“Sterling”), a Houston, TX-based middle market private equity firm, today announced that it has entered into a definitive agreement to acquire Precision Concepts International, LLC (“PCI” or “the Company”), a leading provider of specialty rigid packaging solutions, from ONCAP, the lower mid-market private equity platform of Onex Corporation (TSX: ONEX). Sterling will partner with existing PCI investors, including ONCAP and management, to support PCI’s continued growth.
Headquartered in Huntersville, North Carolina, PCI operates five manufacturing facilities across the U.S., with additional locations in Canada and Costa Rica, that service small to mid-size companies within stable, consumer-focused end sectors including personal care, household, and food and beverage products. Sterling has a long history of partnering with management teams in the packaging sector. Long-time specialty packaging executive Ken Swanson, who formerly served as Chief Executive Officer of Sterling portfolio company Liqui-Box, will serve as Chairman of PCI’s Board of Directors upon the closing of the transaction.
“I would like to thank ONCAP for their consistent, supportive partnership over the last eight years and their confidence in us to continue as a minority investor. Sterling’s decades-long commitment to employee buy-in and their proven track record within the industry is clear, and we look forward to working together towards continued growth and success in the years ahead,” said Ray Grupinski, Chief Executive Officer, Precision Concepts International, LLC.
“PCI’s unique track record of elevated customer service and product quality is the perfect foundation for continued expansion, both organically through Seven Levers initiatives, as well as through acquisitions. We look forward to partnering with management and ONCAP to help accelerate PCI’s nationwide expansion,” said Greg Elliott, Partner at The Sterling Group.
“It has been a privilege to partner with Ray and the outstanding PCI team. PCI reflects the essence of ONCAP’s investment approach — backing talented, ambitious leadership teams and executing against deep theses in our core sectors of emphasis where we have long-standing conviction. We’re excited to continue our journey with PCI alongside The Sterling Group as the business enters its next chapter of growth,” said Ryan Mashinter, Senior Managing Director at ONCAP.
Evercore acted as financial advisor and Latham & Watkins LLP acted as legal advisor to The Sterling Group. William Blair and Stifel acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to PCI.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $750 million. Sterling has sponsored the buyout of 74 platform companies and numerous add-on acquisitions for a total transaction value of over $25 billion. Sterling currently has $9.4 billion of assets under management. For further information, please visit www.sterling-group.com.
About ONCAP
Founded in 2000, ONCAP is the dedicated lower mid-market private equity platform of Onex Corporation, committed to investing in and partnering with North American headquartered businesses and their management teams in our core sectors of emphasis. Today, ONCAP operates with a team of 39 employees managing $3.5 billion in assets across offices in Toronto and New York. For more information on ONCAP and Onex, visit www.oncap.com and www.onex.com.
About Onex
Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $53.1 billion in assets under management, of which $8.3 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.
Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedarplus.ca.
Past performance is no guarantee of future results and all investments are subject to loss.
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May 15, 2025
Darin Matson, longtime sector executive and former CEO of Rogers Group, Inc., appointed CEO of the newly established PPG platform
The Sterling Group (“Sterling”), a Houston, TX-based middle market private equity firm, today announced the acquisitions of Arizona-headquartered Pavement Preservation Group, Inc. (“PPGI”), and Vance Brothers, LLC (“Vance”), headquartered in Kansas City, MO. As part of this series of transactions, the PPGI and Vance organizations will operate as regional divisions of Pavement Preservation Group (“PPG”), a newly formed national platform aimed at building upon the acquired companies’ regional leadership across the southwest and central United States to forge the sector’s preeminent nationwide operator. PPG will be led by Darin Matson, a pavement sector senior executive with over twenty-five years of experience, who most recently served as the CEO of the Rogers Group, Inc., the largest privately owned aggregates producer in the United States with significant highway construction and asphalt service offerings in the Southeast.
PPG, through its best-in-class regional operating divisions, partners with customers across the country to help extend the life of urban and rural asphalt roads via best-in-class local execution capabilities. This suite of services includes scrub sealing, fog sealing, chip sealing, slurry sealing, microsurfacing, patch paving, and crack sealing operations as well as numerous emulsions and polymer modified asphalt products. These modern pavement preservation operations enhance the life of roads and can be meaningfully more cost-effective, more sustainable, and result in fewer traffic disruptions when compared to traditional rehabilitation and reconstruction methods.
“Since 1982, The Sterling Group has sought to partner with family businesses, entrepreneur owners, and their management teams to accelerate growth and build enduring businesses. The Sterling, PPGI, and Vance teams have a shared vision to bring together leading companies from distinct geographies. By sharing best practices and leveraging benefits of scale, we can accelerate growth and better serve our customers. We are grateful to partner with best-in-class operators as we establish a national leader in the pavement preservation industry,” said Brad Staller, Partner at The Sterling Group.
“I am thrilled to join the PPG platform and look forward to partnering with our premier regional divisions to help build the national leader in pavement preservation,” said Darin Matson, CEO of PPG. “Sterling’s deep operational expertise, extensive knowledge of the industry’s end markets and customers, and track record of success with other buy-and-build platforms were important to the management teams and family-owners of PPGI and Vance. We will work together to help PPG’s pavement specialists provide best-in-class service to customers across the country.”
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $750 million. Sterling has sponsored the buyout of 74 platform companies and numerous add-on acquisitions for a total transaction value of over $25 billion. Currently, Sterling has over $9.4 billion of assets under management. For further information, please visit www.sterling-group.com.
Past performance is no guarantee of future results and all investments are subject to loss.
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July 08, 2024
The Sterling Group, an industrial focused middle market private equity firm, announced the addition of Jonathan Jackson as Managing Director of Foundation Fund, the firm’s lower middle market strategy.
Jonathan Jackson joins Sterling from Sun Capital Partners, where he spent thirteen years focused on middle market investing in a variety of services, industrial and food sectors. “Jonathan is a key addition to Foundation Fund’s senior leadership team,” said Lucas Cutler, Partner. Foundation Fund launched in 2023 to apply Sterling’s experience and operational capabilities by partnering with industrial companies in the lower middle market.
In addition, Sterling Foundation Fund has completed the acquisition of founder-owned OGD Overhead Garage Door (“OGD”), a provider of repair, replacement and installation services in the overhead door and dock industry. Headquartered in Fort Worth, Texas, OGD serves a large and growing base of commercial and residential overhead door and dock customers with installation and repair and replacement services. “We look forward to leveraging Sterling’s industry expertise and operational capabilities to continue to expand OGD,” said Bret Westbrook, founder and CEO of OGD.
Sterling has extensive experience partnering with founders to build residential and commercial service businesses. OGD is the fourth acquisition for Sterling Foundation Fund. Each partnership to date has been with founder owned businesses.
Adams Street Partners’ Private Credit investment strategy provided senior debt financing and an equity co-investment in support of the acquisition.
McDermott Will & Emery LLP served as legal counsel and HamptonRock Financial Advisory, LLC served as a financial due diligence advisor to The Sterling Group.
BlackArch Partners served as exclusive financial advisor to OGD Overhead Garage Door.
About OGD
OGD is a provider of repair, replacement and installation services in the overhead door and dock industry. OGD operates in 45 MSAs across the Southeast, Midwest, Mid-Atlantic and the Mountain West regions. OGD is headquartered in Fort Worth, Texas.
About The Sterling Group Foundation Fund
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to over $1 billion. Sterling has sponsored the buyout of 72 platform companies and numerous add-on acquisitions for a total transaction value of over $24.0 billion. Sterling recently closed its sixth investment fund with $3.5 billion in commitments and currently has $9.4 billion of assets under management. Launched in 2023, The Sterling Foundation Fund aims to leverage the firm’s operational capabilities and experience in the industrial sector to “set the foundation” for growth at lower middle market companies. For further information, please visit www.sterling-group.com.
Past performance is no guarantee of future results and all investments are subject to loss.
December 18, 2023
Frontline Road Safety, LLC (“Frontline”), a portfolio company of The Sterling Group (“Sterling”), today announced the acquisition of The Aero-Mark Company, LLC (“Aero-Mark”). Frontline’s operating companies provide pavement marking and ancillary services to a variety of end markets and customers.
The Aero-Mark transaction marks Frontline’s twelfth acquisition since the platform was established in July 2020. Headquartered in Streetsboro, Ohio, with an additional location in Cincinnati, Aero-Mark is a leading pavement marking contractor that provides state DOTs and general contractor customers with the highest levels of service and work quality. “This partnership with Frontline will allow us to expand our reach and capabilities, benefiting our customers and employees alike,” said Mike Krenn and Curt Huffman, Co-Owners of Aero-Mark.
“We are excited to partner with the Aero-Mark team and to continue building our presence in the Midwest,” said Mitch Williams, CEO of Frontline Road Safety. “The Aero-Mark team is known across the industry for its commitment to quality, service and safety. Aero-Mark will be a terrific addition to the Frontline platform.”
Over the last several years, Sterling has executed on its investment thesis to build a leader in the road safety and infrastructure maintenance industry. Through organic growth and further acquisitions, Sterling intends to continue building Frontline into the leading platform for road safety solutions with best-in-class local execution capabilities. Sterling has a long history of partnering with entrepreneurs and management teams to support the growth of their businesses.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of 67 platform companies and numerous add-on acquisitions for a total transaction value of over $22.0 billion. Sterling currently has over $6.0 billion of assets under management. For further information, please visit www.sterling-group.com.
Past performance is no guarantee of future results and all investments are subject to loss.
November 06, 2023
West Star Aviation (“West Star”), a portfolio company of The Sterling Group, has announced that it has acquired Jet East. West Star is a leading provider of maintenance, repair, and overhaul (“MRO”) services to the business aviation industry providing maintenance, modification, and other services to aviation customers. Jet East provides MRO services as well and focuses on supporting fractional and managed fleet operators. Capabilities include an expansive ‘Aircraft on Ground’ (“AOG”) mobile repair technician network, line maintenance operations, heavy maintenance facilities, and other complementary services.
“I’m extremely happy to welcome the Jet East employees to West Star. Both West Star and Jet East are remarkable companies with strong and unique cultures,” said Jim Rankin, CEO of West Star Aviation. “I’m looking forward to bringing the Jet East and West Star teams together as we build the premier Business Aviation Maintenance provider in the industry. Our focus now is to use this combination to better serve our customers and support our employees.”
“I am thrilled about this new chapter for the combined company of West Star and Jet East. With the official close, we are provided a unique opportunity to enhance our capabilities and expand our offerings to better serve the needs of the aviation industry. As we turn our attention toward the exciting task of strategic integration, we remain committed to our customers so there is no disruption to the service that we provide. I am proud of what has been accomplished and excited about the future,” said Stephen Maiden, CEO of Jet East.
“We were thrilled to help play a part in bringing together these two world class teams to combine complementary capabilities, geographies, and customer bases. We couldn’t be more excited in welcoming the entire Jet East family to West Star,” added Greg Elliott and John Griffin, Board Members of West Star Aviation.
This partnership will bring together two of the best teams in business aviation that together will become stronger through added scale and expanded capabilities. Customers and vendors should expect no change while leaders of each organization work together on longer-term integration planning.
Latham & Watkins LLP served as legal counsel and Jefferies, LLC served as a financial advisor to West Star.
About West Star Aviation
West Star Aviation specializes in airframe repair and maintenance, engine repair and maintenance, major modifications, avionics installation and repair, interior refurbishment, paint, parts, surplus avionics sales, window repair and accessory services. The company also provides complete FBO services for transient aircraft at its East Alton and Grand Junction facilities. West Star provides services at four primary locations in East Alton, Illinois; Grand Junction, Colorado; Chattanooga, Tennessee; and Perryville, Missouri, as well as fifteen mobile repair bases and satellite MRO facilities. West Star also provides parts distribution and composite repair services through its Avant and DAS businesses respectively. For more information, please visit weststaraviation.com.
About Jet East, a Gama Aviation Company
Jet East, A Gama Aviation Company, is one of the nation’s leading aviation maintenance providers. The company specializes in scheduled maintenance, on-demand mobile maintenance for unscheduled events, paint and interior completions and provides related services in the areas of structural repairs, composite work, and non-destructive testing (NDT). With a deeply talented workforce, Jet East is available to meet customer maintenance needs with on-demand service and coast to coast coverage in the U.S and in certain international markets. An expansive AOG Mobile Maintenance team operates with a 24/7 Dispatch Team and compliments the company’s maintenance hangars in North Carolina, New York, New Jersey, Florida, Texas, California, Illinois, and Nevada. For more information, please visit jeteastgama.com.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of 67 platform companies and numerous add-on acquisitions for a total transaction value of over $22.0 billion. Sterling currently has over $6.1 billion of assets under management. For further information, please visit www.sterling-group.com.
Past performance is no guarantee of future results and all investments are subject to loss.
September 27, 2023
Fencing Supply Group (“FSG”), a portfolio company of The Sterling Group, announced that it has acquired Atlantic Fence Supply (“AFS” or “The Company”), an experienced fence supplier known for their customer service and reliability serving Richmond, Tidewater and the surrounding Virginia area. AFS is a leading wholesale distributor of ornamental, vinyl, wood, and chain link fencing, as well as custom gates, and operates from their branch location in Ashland, Virginia.
Established in 1998, AFS prides itself on providing outstanding customer service with a sales staff that has more than 50 years of combined fence experience. The company focuses on the fabrication of chain-link gates, kennels and aluminum slide gates, as well as standard and custom vinyl fence styles. Macon Powers, President of Atlantic Fence Supply, said “Joining Fencing Supply Group will provide many opportunities for our employees and customers. We are excited to expand our capabilities and continue to give our customers the dedication they have come to expect.”
“We are very excited to help AFS build on their outstanding track record and continue to grow their business. The company is built on a cultural foundation of integrity, trust and taking care of its people, which aligns with our values,” said Andrea Hogan, CEO of Fencing Supply Group.
ABOUT FENCING SUPPLY GROUP
Founded in 2021, Fencing Supply Group (FSG) is a group of industry-leading fencing distributors. FSG is the largest wholesale distributor and manufacturer of fencing and outdoor living supplies in the United States. FSG businesses serve professional fencing contractors who provide new, improvement, and repair fencing services across residential, industrial, commercial, and infrastructure end markets. The FSG model combines local relationships, service, and expertise with national scale and resources to benefit customers, employees, and suppliers. Current FSG companies include Binford Supply, Cedar Supply, Fence Supply, Hartford Fence, Merchants Metals, Pro Access Systems, Sharon Fence Distributors, Specialty Fence Wholesale Jacksonville, Specialty Fence Wholesale Mulberry, and Vinyl by Design, which collectively operate over 70 branches across more than 30 states. For further information, please visit fencingsupplygroup.com
ABOUT THE STERLING GROUP
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of 66 platform companies and numerous add-on acquisitions for a total transaction value of over $22.0 billion. Sterling currently has over $6.1 billion of assets under management. For further information, please visit www.sterling-group.com.
September 01, 2023
Artisan Design Group (“ADG”), a portfolio company of The Sterling Group, today announced the acquisition of KB Kitchen & Bath (“KB”). ADG is a leading provider of interior finish products and installation to homebuilders, multi-family developers, and institutional property owners. Based in South Carolina, KB is a cabinet installer and distributor primarily serving the single-family housing market.
“We are thrilled to work with KB and to strengthen ADG’s presence in the Carolinas,” said Steve Margolius, CEO of Artisan Design Group. “This acquisition will provide ADG with greater coverage of the single-family market and will enhance our cabinet offering in this region.”
“Our partnership with ADG will provide us with an exciting opportunity to expand operations alongside an industry leader, allowing us to better serve our customers,” said Bob Wilkes, President & CEO of KB Kitchen & Bath.
About Artisan Design Group
ADG is a provider of design, procurement, and installation services for flooring, cabinets and countertops, serving homebuilders, multi-family developers and institutional property owners. Headquartered in Dallas, Texas, ADG operates more than 160 distribution, design and service facilities and coordinates installation through over 3,400 personnel across 25 states. ADG was formed in 2016 through the combination of Floors Inc. and Malibu Floors. ADG has completed fifteen acquisitions over the past four years under Sterling’s ownership. The company has completed twenty-two total acquisitions since its founding in 2016. ADG continues to seek local and regional market leaders to add to its family of flooring, cabinets and countertops specialists.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of 66 platform companies and numerous add-on acquisitions for a total transaction value of over $22.0 billion. Sterling currently has over $6.1 billion of assets under management. For further information, please visit www.sterling-group.com.
Past performance is no guarantee of future results and all investments are subject to loss.
The Sterling Group is an operationally focused middle market private equity firm that builds winning businesses for customers, employees and investors.
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