Houston, TX December 19, 2022
The Sterling Group (“Sterling”), an operationally-focused middle market private equity firm, is pleased to announce the acquisition of Gulf Winds International (“Gulf Winds”). Headquartered in Houston, Texas, Gulf Winds is a second-generation, family-owned provider of intermodal transportation solutions, including container drayage, warehousing / transloading, and container storage.
“Gulf Winds plays a critical role in global trade and logistics through its operations in several growing U.S. ports,” said Brian Henry, Partner at The Sterling Group. “We look forward to supporting management in accelerating the company’s future growth.”
“Given Sterling’s employee-focused approach to their business partnerships and their track record in partnering with branch-based and family-owned businesses, Sterling was the ideal partner for us,” said BJ Tarver, CEO of Gulf Winds International. “By joining forces with Sterling, we will be able to expand our reach and better serve our customers in the U.S. import/export and rail container drayage market.”
Sterling has a long history of partnering with family and entrepreneur owners and their management teams to support the growth of their businesses. 75% of Sterling’s historical platform investments have either been corporate carve-outs or entrepreneur / family-owned 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 64 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling currently has over $5.1 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.