The Sterling Group

The Sterling Group Raises $3.5 Billion in Oversubscribed Sixth Private Equity Fund The Sterling Group, an operationally focused, industrial middle market private equity firm, is pleased to announce the closing of Sterling Group Partners VI, LP (together with its parallel fund, “Fund VI”). Fund VI exceeded its target of $2.75 billion and was significantly oversubscribed at its hard cap of $3.5 billion. Sterling’s previous fund closed in June 2020 with $2.0 billion of limited partner commitments. https://lnkd.in/ev-GDPu

The Sterling Group Ranked Number 12 in 2023 HEC-Dow Jones Middle Market Buyout Private Equity Performance Ranking Sterling has been partnering with management teams to grow and build winning businesses in the industrial sector for over forty years. “Sterling is honored to be ranked among the top performing private equity firms worldwide,” said Brian Henry, Partner at The Sterling Group. “This recognition by HEC-Dow Jones attests to the strength of our hands-on operational approach and intensive application of our Seven Levers methodology, driving strong results for our portfolio companies and our investors.” For more information, including the full ranking, criteria and methodology, please view the full report here: https://lnkd.in/gQDuw9yM https://lnkd.in/ev-GDPu

The Sterling Group Sells Evergreen North America Industrial Services to Quanta Services The Sterling Group, a middle market private equity firm, announced that it has completed the sale of Evergreen North America Industrial Services to Quanta Services. Evergreen is a leading provider of specialized and recurring environmental solutions for a diverse range of blue-chip industrial businesses and mission critical infrastructure. https://lnkd.in/ev-GDPu

The Sterling Group is pleased to announce eleven internal promotions: John Griffin and Meghan Perley Leggett to Managing Director; Jared North to Managing Director, Business Development; Johann Friese to Director; Anu George to Director, Fund Accounting; Aryan Sameri to Director, Commercial Diligence & Strategy; Jacob Broom to Principal, Private Credit; Patrick Vocke to Principal; Amanda Trapani Limmer, CPA to Vice President, Tax; Andrea Kathol to Senior Associate, Investor Relations; and Eugenia Machado to Senior Associate, Human Capital. In addition, Jenny Masten Harris, current Managing Director, Private Credit, has been named Managing Director, Capital Markets for all of Sterling’s investment strategies. https://lnkd.in/gc6peXcd

Frontline Road Safety Group, a portfolio company of The Sterling Group, today announced the acquisition of The Aero-Mark Company, LLC. 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. https://lnkd.in/ev-GDPu

West Star Aviation, LLC, 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. https://lnkd.in/ev-GDPu

From all of our Sterling families, we hope everyone has a safe and spooky Halloween!

ADG | Artisan Design Group, a portfolio company of The Sterling Group, today announced the acquisition of KB Kitchen & Bath Concepts, Inc. 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. https://lnkd.in/ev-GDPu

The Sterling Group today announced the formation of Compost360, a new platform focused on building a leading processor of organic waste material and producer of high quality, sustainable landscaping products. Sterling is partnering with two industry executives, Steve Carn and Randy Arnold, who will serve as CEO and COO of the Compost360 platform. Compost360 is pleased to announce the acquisition of Nature’s Choice, an organic waste recycling company and producer of compost, mulch and engineered soils based in New Jersey. Nature’s Choice is the first acquisition of the Compost360 platform. https://lnkd.in/ev-GDPu

The Sterling Group is pleased to announce that the Firm is partnering with Ownership Works to continue its long history of sharing economics with portfolio companies. Ownership Works is a nonprofit organization that partners with companies and investors to implement broadbased employee ownership programs. “Over four decades investing in the industrial sector, we have learned that employees are more engaged and more impactful when they have ownership. This “Everybody Wins” philosophy of partnering with our portfolio company employees to create long term value is a founding principle of our firm. We are thrilled to continue sharing economics with portfolio company employees in partnership with Ownership Works to drive better investment outcomes and generate wealth for employees and their families,” said Brad Staller, a Partner at The Sterling Group. https://lnkd.in/ev-GDPu