Saxco International, LLC, A Portfolio Company of The Sterling Group, Acquires Synergy Glass & Packaging

Saxco International, LLC, the market leader in the distribution of rigid packaging for the liquor, wine and craft beer industry has acquired Synergy Glass & Packaging; it was announced by Matthew Malenfant, chief executive officer of Saxco International. Based in Benicia, California, Synergy and its former affiliates has been distributing glass bottles and packaging solutions to the wine and food industries since 2003. Saxco’s partnerships with North American glass, plastic and closure manufacturers, as well as its unparalleled global sourcing capabilities, allow it to deliver highly customized solutions to serve its customers’ packaging needs. “Synergy’s customer focused business model has the same culture of high touch service as that of Saxco and we are excited about Synergy being part of …

Posted in Acquisition, Announcements, News | Leave a comment

The Sterling Group Completes the Sale of Stackpole International to Crestview Partners

HOUSTON, TX (October 11, 2013) – The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that it has completed the sale of its portfolio company, Stackpole International to funds managed by Crestview Partners. Sterling had acquired Stackpole through a corporate carve-out from Tomkins in August 2011. Stackpole was an investment in Sterling’s third fund, an $820 million fund raised in 2010. The sale returns a significant portion of all called capital and fees to Fund III. Terms of the transaction were not disclosed. Headquartered in Ancaster, Ontario, Stackpole is a manufacturer and supplier of highly engineered oil-pumps and powdered metal components to automotive original equipment manufacturers. EBITDA has increased by more than 80% over …

Posted in Announcements, Closing, News, Sale | Leave a comment

The Sterling Group Completes the Acquisitions of ROM Corporation and Specialty Manufacturing, Inc.

HOUSTON, TX (September 30, 2013) – The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that its affiliated investment fund, Sterling Group Partners III, L.P., has completed the acquisition of ROM Corporation (“ROM”) and Specialty Manufacturing, Inc. (“SMI”), combining the businesses through its holding company, Safe Fleet Acquisition Corp. The investment is Sterling’s fifth investment in its third fund, an $820 million fund raised in 2010. The companies were formerly owned but independently operated and financed by Century Park Capital Partners. Headquartered in Belton, Missouri, the newly combined company provides safety-and productivity-oriented components to the emergency vehicle, truck and trailer, utility vehicle, school bus, and transit bus end markets. Together, ROM and SMI maintain …

Posted in Acquisition, Announcements, Closing, News | Leave a comment