Houston, TX February 01, 2022
Fencing Supply Group (“FSG”) today announced that it has acquired Specialty Wholesale Fence Jacksonville. Specialty Wholesale Fence is a respected leading wholesaler of vinyl and aluminum fencing products in the Jacksonville, Florida, market.
“We are excited to welcome the dedicated people of Specialty Fence Wholesale to our Fencing Supply Group team,” said Andrea Hogan, CEO of Fencing Supply Group. “We are building North America’s premiere distributor for fencing and outdoor living products, and Specialty Fence Wholesale is the ideal fit.”
“Specialty Fence Wholesale complements our existing footprint in Jacksonville and the surrounding areas,” added Jeff Cook, FSG executive vice president of M&A and Greenfields. “New and existing customers will benefit from having more options and greater access to high-quality fencing, perimeter security and outdoor living products.”
“We have built a company that thrives on providing the best customer experience in the fence industry and takes pride in our knowledgeable staff and high-quality products,” remarked Stephen Seymour, owner of Specialty Fence Wholesale Jacksonville. “Our market is becoming more competitive, and customers are looking for more. By joining Fencing Supply Group, we can take our business to the next level, which means an opportunity to accelerate growth and more professional options for our people.”
Fencing Supply Group is a portfolio company of The Sterling Group, an operationally focused private equity firm focused on the industrial sector. Sterling has deep experience in the building products distribution industry, having previously partnered with entrepreneur owners to build Roofing Supply Group, Construction Supply Group, and Artisan Design Group. Fencing Supply Group and Sterling intend to continue to support the platform through organic growth initiatives and an active acquisition strategy.
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, Merchants Metals, Pro Access Systems, Sharon Fence Distributors, and Vinyl By Design, which collectively operate nearly 70 branches across more than 30 states.
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 at initial formation range from $100 million to $750 million. Sterling has sponsored the buyout of 61 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling recently closed its fifth investment fund with $2.0 billion in commitments and currently has over $5.7 billion of assets under management. For further information, please visit sterling-group.com.
Houston, TX December 03, 2021
The Sterling Group, a middle market private equity firm, announced today that it has completed the sale of Time Manufacturing Holdings, LLC (“Time Manufacturing Company”, or “Time”) to an affiliate of H.I.G. Capital (“H.I.G.”). Headquartered in Waco, Texas, Time Manufacturing Company is a global designer, manufacturer, and distributor of vehicle-mounted aerial lifts for electric utility, telecommunications, infrastructure, and forestry end markets.
Sterling acquired Time in 2017 from a family who had owned the business for over forty years. Sterling recruited key additions to a strong team, led by Curt Howell, to lead Time during its next phase of growth. Over the past five years, Sterling has invested heavily in team additions, technology improvements, manufacturing efficiencies, and commercial initiatives. Through nine acquisitions, Time also entered new end markets, expanded the company’s presence in Europe, and improved its aftermarket service capabilities. Time has been transformed into a global leader with stronger margins and a proven track record of growth.
“Time is a great example of a classic Sterling investment,” said Brad Staller, a Partner at The Sterling Group. “We partner with management teams and family sellers across all aspects of a business to drive growth and build winning businesses. We would like to thank Curt and the entire management team for their exceptional leadership and execution.”
“Sterling’s partnership and support enabled Time to reach new levels of profitability,” said Curt Howell, CEO of Time Manufacturing Company. “We are excited to continue building on the company’s success in partnership with H.I.G.”
The Sterling Group has decades of experience partnering with management teams to execute family-owned business transitions, like Time. Approximately 75% of Sterling platform investments in the last five years have involved partnerships with family or entrepreneur owned or operated businesses.
Willkie Farr & Gallagher LLP served as legal counsel, and Baird acted as the lead financial advisor to Sterling and Time, with D.A. Davidson & Co. also serving as a financial advisor to Sterling and Time.
About Time Manufacturing Company
Time Manufacturing Company is a global manufacturer of bucket trucks, digger derricks, cable placers, truck bodies, buckets, and other specialty equipment for electric utility, telecommunications infrastructure, bridge inspection, tree care, and other fleet-supported industries. Selling via the Versalift, BrandFX, Aspen Aerials, Ruthmann, Steiger, Ecoline and Bluelift brands, the Company employs more than 2,000 associates worldwide. For more information, visit https://timemfg.com.
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 at initial formation range from $100 million to $750 million. Sterling has sponsored the buyout of 61 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling recently closed its fifth investment fund with $2.0 billion in commitments and currently has over $5.7 billion of assets under management. For further information, please visit sterling-group.com.
Houston, TX November 11, 2021
The Sterling Group (“Sterling”), a Houston-based, operationally focused middle market private equity firm, has been named to Inc.’s third annual Founder-Friendly Investors list. This list honors the private equity and venture capital firms with the best track record of success backing entrepreneurs.
“Sterling appreciates the magnitude of the decision a family-led or entrepreneur-led business undertakes when forming a partnership with private equity. Across the industrial sector, we bring a unique approach helping families navigate a once-in-a-lifetime event,” said Jim Apple, a Managing Director at The Sterling Group. “Our inclusion on this list points to forty years of crafting the right solution for each situation.”
Approximately 75% of Sterling platform investments in the last five years have involved partnerships with family or entrepreneur owned or operated businesses. Over the past forty years, Sterling has collaborated with numerous entrepreneur owners, working closely with management to drive fundamental improvement at each platform company.
Inc.’s 2021 List of Founder-Friendly Investors recognizes 146 firms that entrepreneurs can trust and collaborate with while receiving the financial support they need to help accelerate growth. All 146 have a successful track record of remaining actively involved in the businesses after their investment. To see the complete list, go to: http://www.inc.com/private-equity.
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 61 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling currently has over $5.0 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.
Dallas, TX November 01, 2021
Artisan Design Group (“ADG”), a portfolio company of The Sterling Group, today announced the acquisition of Accents & Interiors (“A&I”). Headquartered in Woodinville, Washington, A&I is one of the premier providers of flooring and solid surfaces in the Northwestern United States.
“We are thrilled to work with A&I to strengthen ADG’s presence in the greater Puget Sound region,” said Larry Barr, CEO of Artisan Design Group. “The addition of A&I will provide ADG with substantial growth opportunities and greater coverage of the single-family market in this region of Western Washington.”
“A&I is a great addition to the ADG family. The partnership will create an exciting opportunity for ADG to add countertops and window coverings, continuing to grow our product offerings for customers,” added Wayne Joseph, Vice Chairman of Artisan Design Group.
“A&I has achieved significant growth over the last decade and we believe partnering with ADG is the right next step for us in expanding our reach in the single-family home market nationally,” said Derek Atkinson and Dave Jacobs, Co-Founders of Accents & Interiors.
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 135 distribution, design and service facilities and coordinates installation through over 3,000 personnel across 25 states. ADG was formed in 2016 through the combination of Floors Inc. and Malibu Floors. ADG has completed thirteen acquisitions over the past three years under Sterling’s ownership. The company has completed twenty-one 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 $750 million. Sterling has sponsored the buyout of 61 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling currently has over $5.0 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.
Houston, TX October 13, 2021
The Sterling Group, a Houston-based, operationally focused middle market private equity firm, announces the addition of Carsten Weber as Technology Director. As a member of the firm’s Portfolio Resources Group, Carsten will lead technology value creation across the firm’s portfolio companies.
Carsten brings over 20 years of technology leadership experience in various roles both in industrial businesses and in consulting. Most recently, Carsten was the Director of PMO and ERP Transformation at Enbridge.
“Carsten is a great addition to the Sterling family and has already begun executing important initiatives firm-wide in the few months he has been with us,” said Brian Henry, Partner.
For forty years, Sterling has partnered with management teams of industrial businesses to drive growth and transformation. Technology is one of Sterling’s Seven Levers, or seven areas in which the firm consistently and materially impacts businesses. Technology investments typically offer meaningful opportunities for value creation at industrial companies.
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 61 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling currently has over $5.0 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.
Dallas, TX October 04, 2021
Artisan Design Group (“ADG”), a portfolio company of The Sterling Group, today announced the acquisition of Distinctive Kitchens & Baths, Eurocraft Cabinets and Distinctive Millwork (collectively “DKB”). Headquartered in Boca Raton, Florida, DKB is a cabinet manufacturer, dealer, and installer serving the state of Florida.
“Our partnership with DKB will further our product expansion in Florida, an important area of growth for the company,” said Larry Barr, CEO of Artisan Design Group. “We look forward to working with the Canters and their team,” added Wayne Joseph, Vice Chairman of Artisan Design Group.
“We are excited for this opportunity to expand operations and partner with an industry leader such as ADG,” said Adam Canter, President of Distinctive Kitchens & Baths. “At DKB, we value a family culture for our employees and for our customers, so we are glad to be joining forces with a company that shares the same values.”
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 135 distribution, design and service facilities and coordinates installation through over 2,500 personnel across 25 states. ADG was formed in 2016 through the combination of Floors Inc. and Malibu Floors. ADG has completed twelve acquisitions over the past two years under Sterling’s ownership. The company has completed twenty 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.
Willkie Farr & Gallagher LLP acted as legal advisor to ADG and Berger Singerman LLP acted as legal advisor to DKB.
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 61 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling currently has over $5.0 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.
Houston, TX September 14, 2021
Fencing Supply Group (“FSG”), a group of industry-leading distributors and manufacturers of fencing and outdoor living products, today announced that it has acquired Vinyl by Design, a full-service provider of vinyl fence, vinyl railing, decking, and aluminum railing and fence located in New Paris, Indiana.
“We are thrilled and honored that Vinyl by Design has joined the FSG family,” said Andrea Hogan, FSG CEO. “They have built an impressive legacy of exceptional product and industry knowledge, paired with a passion for serving their customers, which aligns well with our vision.”
“With the addition of Vinyl by Design, FSG customers in the upper Midwest will have expanded options for their outdoor living and fencing needs,” added Jeff Cook, FSG Executive Vice President of M&A and Greenfields. “Vinyl by Design’s aluminum and vinyl fencing, decking, and accessories will complement existing FSG company product lines.”
Fencing Supply Group is a portfolio company of The Sterling Group, an operationally focused middle market private equity firm based in Houston, Texas. Sterling has deep experience in the building products distribution industry, having previously partnered with entrepreneur owners to build Roofing Supply Group, Construction Supply Group, and Artisan Design Group. Fencing Supply Group and Sterling intend to continue to support the platform through organic growth initiatives and an active acquisition strategy. Vinyl by Design is the eighth acquisition for the Fencing Supply platform.
About Fencing Supply Group
Founded in 2021, Fencing Supply Group (FSG) is a group of industry-leading fencing distributors. FSG is a leading wholesale distributor of fencing 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, Merchants Metals, Pro Access Systems, Sharon Fence Distributors, and Capitol Wholesale Company which collectively operate more than 60 branches across 30 states.
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 60 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling currently has over $5.0 billion of assets under management. For further information, please visit www.sterling-group.com.
Houston, TX September 08, 2021
Fencing Supply Group (“FSG”) today announced that it has acquired Capitol Wholesale Fence Company, Inc. (“Capitol”). FSG is a group of industry-leading distributors and manufacturers of fencing and outdoor living products. Based in Nashville, Tennessee, Capitol is a full-service fencing supplier for commercial, industrial, and residential customers with branches in Nashville and Chattanooga, Tennessee; Lexington and Louisville, Kentucky; Charlotte, North Carolina; and Olive Branch, Mississippi.
“I am excited that Capitol and its more than 80 employees will join our growing family of distributors and manufacturers of fencing and outdoor living products in North America,” said Andrea Hogan, FSG CEO. “This is an extraordinary development for FSG, for Capitol, and for our customers, people, and suppliers.”
“The addition of Capitol boosts FSG’s presence and supply network with an outstanding distributor and talented fence professionals,” added Jeff Cook, FSG Executive Vice President of M&A and Greenfields. “The added locations offer further opportunities to expand the business and products and to provide customers more choices from the local people they already know.”
“Joining FSG is the best choice for Capitol, and we are thrilled about our future,” commented Lisa Harrison, CEO of Capitol. “Over the past 56 years, we have partnered with our customers and suppliers and have built a strong business. I believe that by joining forces with FSG, we will be in a better position for continued growth.”
Fencing Supply Group is a portfolio company of The Sterling Group, an operationally focused middle market private equity firm based in Houston, Texas. Sterling has deep experience in the building products distribution industry, having previously partnered with entrepreneur owners to build Roofing Supply Group, Construction Supply Group, and Artisan Design Group. Fencing Supply Group and Sterling intend to continue to support the platform through organic growth initiatives and an active acquisition strategy. Capitol Wholesale Fence Company is the seventh acquisition for the Fencing Supply platform.
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, Merchants Metals, Pro Access Systems, and Sharon Fence Distributors, which collectively operate 60 branches across 30 states.
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 60 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling currently has over $5.0 billion of assets under management. For further information, please visit www.sterling-group.com.
Houston, TX September 02, 2021
The Sterling Group (“Sterling”), an operationally focused middle market private equity firm, is pleased to announce the acquisition of L&S Mechanical (“L&S”), a leading tri-trade provider of turnkey plumbing, HVAC and electrical installation services in the Texas residential market. Founded in 1985, L&S is headquartered in Richardson, Texas, and serves large production homebuilders in Dallas / Fort Worth, Houston, San Antonio, and Austin through its five production warehouses.
“Thomas Mozjesik and his team pioneered the tri-trade model in Texas,” said Greg Elliott, Partner at The Sterling Group. “We are excited to partner with the team to continue to expand that model in both Texas and other states.”
“Sterling’s ‘roll up your sleeves’ approach combined with their experience and success in building products are what make them a great fit for L&S,” said Thomas Mozjesik, President of L&S Mechanical. “With Sterling as our partner, we will accelerate our growth plans.”
Sterling has deep experience in the building products distribution and services industries, having previously partnered with entrepreneur owners to build Roofing Supply Group, Construction Supply Group, Artisan Design Group, and Fencing Supply Group.
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 60 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling currently has over $5.0 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.
Houston, TX August 03, 2021
Fencing Supply Group (FSG), a group of industry-leading distributors and manufacturers of fencing and outdoor living products, today announced that it has acquired Sharon Fence Distributors. Sharon Fence is a full-service fencing supply and manufacturer based in Sharon, Pennsylvania, with additional locations in Buffalo, New York, and Columbus, Ohio. Fencing Supply Group is a portfolio company of The Sterling Group.
“We have admired Sharon Fence, and we are excited and delighted they are joining our FSG team as we build the premier fencing distribution, manufacturing, and outdoor living products company in North America for our customers, suppliers, and people,” said Andrea Hogan, FSG CEO.
“Sharon Fence is a fantastic addition whose three locations increase the FSG footprint and extend our service area in Ohio, Pennsylvania, and Western New York. Customers will have greater choices and expanded product offerings for their fencing and outdoor living projects from a first-class distributor,” added Jeff Cook, FSG Executive Vice President of M&A and Greenfields.
“Joining FSG is the absolute right next step for our company and our people. We found the perfect partner to increase our capacity to serve our customers, to expand our product lines, and to offer our people more opportunities where they can thrive,” commented David Smith, president of Sharon Fence Distributors.
Sterling has deep experience in the building products distribution industry, having previously partnered with entrepreneur owners to build Roofing Supply Group, Construction Supply Group, and Artisan Design Group. Fencing Supply Group and Sterling intend to continue to support the platform through organic growth initiatives and an active acquisition strategy.
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 of fencing 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, Merchants Metals, and Pro Access Systems, which collectively operate 53 branches across 29 states.
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 59 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.