- The Sterling Group Completes the Sale of Velcon Filters, LLC to Parker Hannifin Corporation
- The Sterling Group Completes the Acquisition of Dexter Axle from Tomkins Industries, Inc.
- The Sterling Group to Sell Velcon Filters, LLC to Parker Hannifin Corporation
- The Sterling Group to Acquire Dexter Axle from Tomkins Industries Inc.
Velcon Filters, LLC, a Portfolio Company of The Sterling Group, Completes Acquisition of Twin Filters B.V.
COLORADO SPRINGS, CO (March 31, 2011) – Velcon Filters, LLC, a manufacturer of industrial filtration systems, today announced that it has acquired Twin Filters B.V. Velcon is a portfolio company of The Sterling Group and was acquired in 2009 as a platform to execute a buy-and-build strategy. With headquarters in The Netherlands, Twin designs, engineers and manufactures filtration equipment and replacement cartridges for the oil, liquid and air filtration markets in Europe, Asia, North America and other international markets. Wijbrand Schouten, the founding CEO who will remain with Twin in his current role, commented, “Velcon is the clear leader in the jet fuel market, and we are pleased to combine our organizations to continue to deliver top quality products and …
HOUSTON, TX (December 22, 2010) – The Sterling Group (“Sterling”), a Houston-based private equity investment firm, today announced that it has completed the acquisition of a substantial equity interest in Saxco International (“Saxco”). The acquisition was financed with equity from Sterling Group Partners III, L.P. and debt financing from BNP Paribas and Oaktree CapitalManagement. Saxco, headquartered in Horsham, PA, is the leading value-added distributor of rigid packaging products for the wine, spirits and craft beer markets in North America. With an operating history that spans more than seven decades, the company distributes glass bottles and other packaging products to a customer base of more than 2,000 wineries, distillers, brewers and specialty food manufacturers. The company has a broad network of …
HOUSTON, TX (July 30, 2010) – The Sterling Group, L.P. (“Sterling”), a Houston-based privateequity investment firm, today announced that it has completed the acquisition of a majority interest in CCCG, LLC and its subsidiaries, including Express Integrated Technologies and Express Metal Fabricators (collectively, “Express”). The acquisition was financed with equity from Sterling Group Partners II, L.P. and debt financing from BNP Paribas. Express, headquartered in Tulsa, OK, is an independent manufacturer engaged in the engineering, design and fabrication of heat transfer, environmental compliance, and sound suppression equipment. The company primarily serves the power generation, refining, chemical, exploration and production, and mining industries. Its primary products include Once-Through Steam Generators, heat Recovery Steam Generators, Simple Cycle Catalyst Systems, Fired Heaters and …