The Sterling Group Completes the Sale of Roofing Supply Group, LLC

HOUSTON, TEXAS (May 31, 2012) – The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that they have finalized the sale of Roofing Supply Group, LLC (“RSG”) to funds managed by Clayton, Dubilier & Rice, LLC (“CD&R”).  RSG is the fourth largest distributor of roofing supplies and related materials in the United States, with 59 locations in 24 states.  Terms of the transaction were not disclosed. RSG has grown significantly in recent years, driven by strategic and operational initiatives undertaken by The Sterling Group in partnership with management. Since Sterling acquired RSG from its founders in 2006, EBITDA increased by more than 50% despite a record decline in housing starts that has yet to …

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Velcon Filters, LLC, a Portfolio Company of The Sterling Group, Completes Acquisition of Warner Lewis GmbH

COLORADO SPRINGS, CO (May 1, 2012) – Velcon Filters, LLC, a  manufacturer of industrial filtration systems, today announced that it has acquired Warner Lewis GmbH. Velcon is a portfolio company of The Sterling Group, a middle market private equity firm based in Houston, Texas, and was acquired in 2009 as a platform to execute a buy-and-build strategy. Headquartered in Kelsterbach, Germany with locations in Phillipsburg, Germany; Farnborough, UK; Paris, France; and Dubai, UAE; Warner Lewis offers aircraft refueling solutions to customers in Europe, the Middle East and Africa (“EMEA”).  Warner Lewis has been a strategic business partner of Velcon for over 40 years distributing Velcon’s line of products, in addition to manufacturing its own standard or custom vessels, pit-boxes and …

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The Sterling Group Acquires Liqui-Box from Dupont

HOUSTON, TX (December 30, 2011) – The Sterling Group (“Sterling”), a Houston based private equity investment firm, today announced that its affiliated investment fund, Sterling Group Partners III, L.P., has completed the acquisition of the Liqui-Box Corporation (“Liqui-Box”) from DuPont. The acquisition is Sterling’s third investment in its third fund, an $820 million fund raised in 2010. Liqui-Box is the twenty-first corporate carve-out in Sterling’s thirty year history and the fourth business Sterling has acquired from DuPont. Headquartered in Worthington, Ohio, Liqui-Box is a leading supplier of bag-in-box flexible packaging to the global dairy, beverage and bulk food markets. Bag-in-box packaging is primarily used in the foodservice industry to package dairy mix for milkshakes and coffee drinks, fountain beverage syrup …

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