The Sterling Group, L.P. Announces Acquisition of CST Industries, Inc.

HOUSTON (August 11, 2006) – The Sterling Group, L.P. (“Sterling”), a Houston-based private equity firm, today announced that it has finalized the acquisition of CST Industries, Inc. (“CST”) from CSTI Holdings LLC, an entity controlled by Don Wagner, CST’s President and CEO, and George K. Baum Capital Partners, L.P., a Kansas City, Missouri-based private equity fund. Headquartered in Kansas City, Kansas, CST is a leading global manufacturer and erector of factory coated metal storage tanks. The Company’s comprehensive product offering includes bolted and factory welded tanks for use in a wide variety of applications, aluminum geodesic domes, and agricultural feed and waste storage systems. CST serves numerous end markets including water, wastewater, fire protection, oilfield, agriculture, industrial liquid, plastics, chemicals, …

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Panolam Industries Completes Acquisition of Nevamar to Form Premier Decorative Laminates Company

HOUSTON (March 1, 2006) – Panolam Industries International, Inc., the North American market leader and innovator in the decorative laminate panel industry, today announced that it has finalized its acquisition of all the outstanding equity securities of Nevamar Holdco, LLC, the parent of Nevamar Company, LLC, a leading manufacturer of decorative surface products. Panolam is a portfolio company of private equity firms Genstar Capital, LLC and The Sterling Group, L.P. With four manufacturing and six distribution centers located throughout the United States, Nevamar designs and sells decorative laminates and other surfacing materials used in commercial and residential furniture, fixtures, and cabinet markets, as well as the graphic arts industry. Nevamar features brand names including Nevamar(R), Pluswood(TM), Vinylface(TM), Lamclad(TM), and Quinella(TM). …

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Genstar Capital, Sterling Group Complete Acquisition of Panolam Industries

SAN FRANCISCO, HOUSTON and SHELTON, Conn. (October 4, 2005) – Private equity firms Genstar Capital, LLC and The Sterling Group, L.P. today announced that they have finalized the acquisition of Panolam Industries International, Inc. in a transaction valued at $345 million. Management of the purchased organization will also participate in the company’s ownership. With five manufacturing facilities and three distribution centers in the US and Canada, Panolam designs and manufactures decorative laminate panels that serve as durable and economical substitutes for natural surfacing materials such as wood, stone and ceramic. Commercial and residential uses of these laminates include cabinets, countertops, display cases and restaurant furniture. Panolam is based in Shelton, Connecticut. “We’re looking forward to working with Genstar and Sterling …

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