News

Team Additions

March 25, 2021

The Sterling Group Announces Promotions

The Sterling Group, a Houston-based, operationally focused middle market private equity firm, announces four internal promotions: Erin Arnold has been promoted to Managing Director; Johann Friese to Principal; Aryan Sameri to Principal, Commercial Diligence and Strategy; and Jacob Broom to Vice President.

Erin Arnold, Managing Director, rejoined Sterling in 2020 after having spent time at Sterling in 2013 and 2014. Erin has had an immediate impact in her first year back at the firm and in her role as Board member at Bad Boy Mowers.

Johann Friese, Principal, joined Sterling in 2018. Johann spent the last year embedded in Sterling portfolio company Artisan Design Group as a member of the senior management team, where he successfully established a Project Management Office and drove progress on a variety of initiatives.

Aryan Sameri, Principal, Commercial Diligence and Strategy, joined Sterling in 2019 from McKinsey & Company’s Houston office, and was promoted to lead Sterling’s Commercial Diligence and Strategy group this year.

Jacob Broom, Vice President, joined Sterling in 2017 as a founding member of the Sterling Credit Fund, where he continues to execute a wide variety of sourcing, due diligence and structuring responsibilities.

“We are pleased to recognize these four talented individuals, each of whom embody Sterling’s core values of partnership, passion and discipline,” said Brad Staller, Partner at The Sterling Group.

To learn more about a career at The Sterling Group, please visit www.sterling-group.com/careers/ or contact Claudine Lussier at clussier@sterling-group.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 58 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling currently has over $4.0 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.



Team Additions

March 22, 2021

Fencing Supply Group Announces Leadership Roles for the Organization

Fencing Supply Group (“FSG”), the leading wholesale distributor of fencing supplies in the United States, today announced the appointment of Andrea Hogan as CEO.

FSG was formed in early 2021 by The Sterling Group, a middle market private equity firm based in Houston, Texas, through the acquisitions of Merchant Metals and then Binford. Each business is an industry leader in their respective markets, and in combination the companies represent a broader geographic footprint with the opportunity to continue providing best-in-class products and services to their growing customer bases. The FSG model combines local relationships, service, and expertise with national scale and resources for the benefit of customers, employees, and suppliers.  FSG businesses serve professional fencing contractors who provide new, improvement, and repair fencing services across residential, industrial, commercial, and infrastructure end markets.

“Andrea brings proven experience in sales, commercial leadership, operational excellence, and supply chain management. These are all things that will make her an exceptional partner for our existing teams, customers and vendors,” said Brian Henry, a Partner at The Sterling Group.   Most recently, Andrea was the CEO of Merchants Metals where she joined as CEO in 2015 and led the organization through a complex corporate carve-out, substantial organic growth expansion and a manufacturing consolidation and improvement effort.   “Merchants Metals success is driven by a talented and committed team who are always ready for the next challenge. Spend 5 minutes with anyone from Binford and you immediately see intense customer-centric passion. These two teams are well-suited to come together to drive a superior customer experience,” Hogan said.  Prior to Merchants Metals, Andrea was Vice President and General Manager of Global Lighting and Solar at WESCO International.

Alongside Andrea will be Kyle GuillotJeff CookAnna Walker and Josh Griffin.  Jeff will continue as President of Binford and will serve as Executive Vice President of M&A and Greenfield for FSG.  Kyle will become President of Merchants Metals and serve as Executive Vice President of Supply Chain and Manufacturing for FSG.  Anna Walker and Josh Griffin will serve as CFO and Senior Vice President, IT, respectively.

“These are critical leadership roles that will be essential to supporting FSG businesses and their branches. I look forward to their partnership in building the best, most capable and reliable supply chain for our customers.  The teams at Binford and Merchant Metals share an uncommon commitment to helping our customers grow their businesses, this combination of talent and tenacity will be formidable,”  said Andrea Hogan. “We have the best team in fencing.  Andrea, Jeff, Kyle, Anna, and Josh will provide foundational leadership critical to the success of FSG businesses,” added Brian Henry.



Team Additions

January 07, 2021

Artisan Design Group Announces the Promotion of Doug Davis as President

Artisan Design Group (“ADG”) is pleased to announce the promotion of Doug Davis as President. Headquartered in Dallas, Texas, ADG is a leading interior finishes provider to the single family and multifamily industry, operating from a national footprint.

As President of ADG and an integral member of the Executive Team, Doug will continue to oversee the national-level sales efforts for ADG, maximize revenue opportunities through product cross-selling, work closely with the leadership of local entities to deliver outstanding customer value, and focus on ADG’s significant growth strategies. Over the last three years as ADG’s Chief Commercial Officer, Doug has successfully implemented sales strategies that leverage ADG’s national relationships, resulting in meaningful contributions to ADG’s growth and profitability. Doug has over 15 years of industry experience including several leadership positions at Mohawk Industries.

“We have no doubt Doug will continue to bring the same passion and energy to this new role as he has to his prior role and we are confident that he will be instrumental in building ADG’s future success. Please join us in congratulating Doug as he takes on new responsibilities at ADG,” said Larry Barr and Wayne Joseph, ADG’s co-CEO.

About Artisan Design Group

Headquartered in Dallas, Texas, ADG operates more than 100 distribution, design and service facilities and coordinates installation through over 1,800 independent contractors across 23 states. ADG was formed in 2016 through the combination of Floors Inc. and Malibu Floors. The company has completed sixteen 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.



Team Additions

December 02, 2020

The Sterling Group Announces New Managing Director, Jenny Harris

The Sterling Group, a Houston-based, operationally focused middle market private equity and private credit firm, announced the addition of Jenny Harris as Managing Director of the firm’s Credit Fund.

Jenny brings 15 years of experience evaluating and underwriting debt capital and equity co-investments. Prior to Sterling, Jenny was a Managing Director at BNP Paribas where she led a team focused on providing leveraged credit solutions for private equity sponsors. Jenny and Sterling Credit Fund Partner Sean Davenport worked closely together at BNP Paribas for over eight years and served as important lending partners to Sterling and other middle market sponsors.

The Sterling Group Credit Fund was formed in 2017 to offer both Sterling and other relationship focused sponsors debt capital to help finance and grow middle market 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 $750 million. Sterling has sponsored the buyout of 57 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling currently has over $4.0 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.



Team Additions

February 20, 2020

The Sterling Group Announces New Hires and Promotions

The Sterling Group, a Houston-based, operationally focused middle market private equity firm, announces the additions of Erin Arnold as Director, and Chris Ahearn as Commercial Operating Partner, as well as the promotions of Steven Hirsch and John Griffin to Principal.

Erin Arnold, Director, rejoins Sterling’s investment team from Madison Dearborn Partners, where she was most recently a Director with the Basic Industries team. Before rejoining the Sterling team this year, Erin worked at The Sterling Group in 2013 and 2014. She has also worked with Boston Consulting Group, Greenbriar Equity Group, and Credit Suisse.

In the role of Commercial Operating Partner, Chris will work to drive commercial operations effectiveness within Sterling portfolio companies. Chris brings many years of commercial operations experience gained at various firms, including RR Donnelly’s Western Division, FedEx Office, TPG Capital’s Operating Group, and most recently Oakwood Worldwide, where he was formerly SVP Sales and Marketing and most recently CEO.

Steven Hirsch, Principal, joined Sterling in 2017 from McKinsey & Company where he focused on strategic and operational topics for transportation, manufacturing and distribution companies. Steven previously held roles in program management and revenue management at American Airlines during the Chapter 11 bankruptcy and restructuring process.

John Griffin, Principal, joined Sterling in 2018 from McKinsey & Company where he was focused on operational and strategic initiatives for industrial and energy businesses. John also brings experience from Madison Dearborn Partners where he worked across Basic Industries, Business & Government Services, and Financial Services verticals.

About The Sterling Group

Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling 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 56 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.0 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.



Team Additions

November 18, 2019

The Sterling Group Announces New Hires

The Sterling Group, a Houston-based, operationally-focused middle-market private equity firm, announces the addition of Nathaniel Reeve, Kern Vijayvargiya, both Vice Presidents, Jared Bell and Joe Cueter, both Associates. In addition, Christine Shtepani has joined the firm as a Senior Associate, Sourcing and Abby Russell has joined as an Associate focused on Investor Relations. Each new hire shares a passion for building industrial businesses, and we welcome them to the Sterling team.


Nathaniel Reeve

Vice President

Nate joins Sterling after graduating from Harvard Business School. Previously, he was Director of FP&A at Warby Parker.

Portfolio Companies: Polychem


Kern Vijayvargiya

Vice President
Kern joins from Tiger Global Management where he was focused on analyzing investments in the technology and consumer sectors. Kern received an M.B.A from The Wharton School.

Portfolio Companies: Highline


Christine Shtepani

Senior Associate, Sourcing

Prior to Sterling, Christine was an Associate on the Leveraged Finance team at J.P. Morgan focusing on acquisition financing, leveraged high yield debt originations for regional diversified middle market and corporate clients.


Abby Russell

Associate, Investor Relations 

Abby joins Sterling from Evercore where she focused on advising clients in the energy industry on mergers and acquisitions. Abby is also a licensed CPA in the State of Texas.


Jared Bell 

Associate 

Jared joins from Credit Suisse, where he focused on mergers, acquisitions, and high yield financings for companies across the energy industry.

Portfolio Companies: Tangent and Highline


Joe Cueter

Associate

Joe joins Sterling from Harris Williams, where he focused on advising clients in the helathcare and life sciences industry on mergers and acquisitions. Joe is a Certified Public Accountant.

Portfolio Companies: Time and DexKo


About The Sterling Group

Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling 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 55 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.0 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.



Team Additions

August 01, 2018

The Sterling Group Announces New Hires

The Sterling Group, a Houston-based, operationally focused middle market private equity firm, announced the addition of Jud Morrison as Operating Partner, as well as John Griffin and Johann Friese, both Vice Presidents.

In the role of Operating Partner, Jud will partner closely with Sterling’s investment professionals to drive the execution of operational initiatives at Sterling portfolio companies and continuous improvement efforts within Sterling. Jud brings over 20 years of operations experience gained at various firms, including ExxonMobil, McKinsey & Company, Valerus Compression Services, LP and most recently as a member of TPG Capital’s Operating Group.

“We welcome Jud’s broad base of operational expertise with industrial companies,” said Brian Henry, a Partner at The Sterling Group. “He will play a critical role in the execution and continued refinement of the Sterling value creation model.” Historically, driving organic EBITDA growth through operational improvements has been the key driver of Sterling’s success.

John Griffin, Vice President, joins Sterling from McKinsey & Company where he was focused on strategy and operational initiatives for industrial and energy businesses. John also brings experience from Madison Dearborn Partners. Johann Friese, Vice President, joins after graduating from Harvard Business School. Johann previously worked at Advent International and J.P. Morgan.

Past performance is no guarantee of future results and all investments are subject to loss.



Team Additions

May 20, 2016

The Sterling Group Announces the Addition of Sreenu Tadavarthy as Senior Vice President of Business Development

The Sterling Group, a middle market private equity firm based in Houston, announced the addition of Sreenu Tadavarthy as Senior Vice President of Business Development. Sreenu is based in Chicago and will lead the firm’s origination and deal sourcing activities within the Midwest. He will also support the firm’s broader sourcing effort by assisting in the development of investment themes and working with executives seeking to partner with private equity.

Sreenu possesses over 20 years of M&A and corporate finance experience gained at various investment banks, including Bear, Stearns & Co. Inc., CIBC Oppenheimer Corp. and most recently TTK Partners, LLC, a boutique advisory firm that he co-founded and served as Partner for 10 years. “We welcome Sreenu’s broad base of relationships and transaction experience with industrial companies,” said Jim Apple, Managing Director. “Sreenu’s long tenure advising on corporate divestitures will be a great benefit to Sterling’s targeted sourcing efforts.”

Sterling is currently investing out of its fourth fund with $1.28 billion in commitments. Sterling has completed 23 corporate-carve-outs and has partnered with 14 family businesses since its founding in 1982. Sterling focuses on implementing an operational investment strategy to fundamentally grow and improve North American based industrial businesses.

About The Sterling Group

Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling 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 47 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has $2.3 billion of assets under management. For further information, please see our website: www.sterling-group.com