Safe Fleet, A Portfolio Company of The Sterling Group, Completes the Acquisition of Seon Design Inc.

HOUSTON, TX (September 19, 2014) – The Sterling Group, a private equity firm based in Houston, Texas, today announced that its portfolio company, Safe Fleet Holdings LLC, has completed the acquisition of Seon Design Inc. Safe Fleet is a market leader in providing safety solutions for fleet vehicles. The company designs and manufactures safety- and productivity-oriented components for the emergency vehicle, truck and trailer, utility vehicle, school bus, and transit bus end markets. Seon is Safe Fleet’s second acquisition in the last nine months and further broadens Safe Fleet’s extensive product offering, in line with its on-going growth strategy. Seon is the leading manufacturer of video surveillance and fleet management solutions for school and transit buses. “Seon has developed and …

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

The Sterling Group Completes the Acquisition of Aquatic US Holdings Corp.

HOUSTON, TX (September 2, 2014) – The Sterling Group, a middle market private equity firm, today announced that its affiliated investment fund has completed the acquisition of Aquatic US Holdings Corp. Aquatic is the third business Sterling has carved-out of the former Tomkins group in a three-year period. Headquartered in Anaheim, California, Aquatic is a manufacturer of bathtubs and showers primarily used in residential single family and multi-family housing markets. Aquatic produces over 1,700 baths and showers per day from six manufacturing facilities across the United States. The company holds an estimated 20% share of the United States bathware market. “Sterling’s strategic, operational and financial support of its businesses is a welcome addition to all of us here at Aquatic,” …

Posted in Acquisition, Announcements, Closing, 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