- 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.
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 …
HOUSTON, TX (July 29, 2010) – The Sterling Group, L.P. (“Sterling”), a Houston-based private equity investment firm, today announced that it has completed the acquisition of B&G Crane Services, LLC (“B&G”). The acquisition was financed with equity primarily from Sterling Group Partners II, L.P. and debt financing from Wells Fargo Capital Finance, BNP Paribas, Capital One Leveraged Finance and Whitney Bank. Headquartered in New Orleans, Louisiana, B&G specializes in providing fully operated and maintained crane services, heavy rigging and specialty hauling services in the Louisiana Gulf Coast region. The Company has a fleet of over 100 cranes ranging from 6 to 825 tons in capacity and a truck fleet of over 50 vehicles. The Company’s crane rental fleet consists primarily …