The Sterling Group, L.P. Completes Acquisition of B&G Crane Services

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 …

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Roofing Supply Group LLC Announces Acquisition of the Assets of Northwest Roofing Supply, Inc.’s Roofing Division

DALLAS, TX (March 31, 2010) – Roofing Supply Group, LLC (“RSG”), a national leader in the wholesale distribution of roofing supplies and related materials, today announced that it has acquired the assets of Northwest Roofing Supply, Inc.’s roofing division (the “Northwest Roofing Division”). Based in Oklahoma City, OK with a satellite office in Lawton, OK, and more than twenty years servicing local contractors and builders, the Northwest Roofing Division has established itself as a leading distributor of residential roofing products in the Oklahoma market. “Northwest Roofing Supply has long been recognized as one of the leading distributors of quality roofing materials in Oklahoma,” said Mike Farrell, President and CEO of RSG. “We are honored that Cliff and Diane Stockton have …

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The Sterling Group Closes $820 Million Fund III

HOUSTON, TX (March 16, 2010) – The Sterling Group, L.P. a Houston based middle-market private equity firm focused on operational value creation, today announced the final closing of Sterling Group Partners III, L.P. (Fund III) at $820 million. Fund III, raised in 10 months and oversubscribed, closed significantly above its $600 million target. It is the successor to Sterling Group Partners II, L.P. (Fund II), a $470 million private equity fund organized in 2005. With the close of Fund III, Sterling has approximately $1.3 billion in committed capital under management. As with previous funds, the objective of Fund III is to create superior returns by acquiring companies with significant opportunities to drive strategic and operational improvements in partnership with management. …

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