CST Industries, Inc. Announces Acquisition of Conservatek Industries, Inc. | 05/01/08
The Sterling Group, L.P. Completes Acquisition of Universal Fiber Systems, LLC | 10/26/07
The Sterling Group, L.P. Completes Acquisition Of Hudson Products Corporation | 12/8/06
North American Energy Partners Completes Initial Public Offering | 11/28/06
The Sterling Group, L.P. Announces Acquisition of BTEC Turbines LP | 9/29/06
The Sterling Group, L.P. Completes Acquisition of Roofing Supply Group | 6/9/06
The Sterling Group, L.P. Announces Acquisition of CST Industries, Inc. | 8/11/06
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Panolam Industries Completes Acquisition of Nevamar to Form Premier Decorative Laminates Company | 3/1/06
North American Energy Partners Announces Third Quarter Results (pdf) | 3/1/06
Francis T. Carr Joins the Sterling Group | 10/31/05
The Sterling Group Completes Sale of Exopack | 10/17/05
Genstar Capital, Sterling Group Complete Acquisition of Panolam Industries | 10/04/05
The Sterling Group Closes $470 Million Private Equity Fund | 5/25/05
Houston Business Journal Profile of The Sterling Group (pdf)
News
The Sterling Group Completes Sale Of Exopack
HOUSTON (October 17, 2005) - Private equity firm The Sterling Group, L.P. today announced that they have finalized the sale of Exopack Holding Corp. to Sun Capital Partners, Inc.
Exopack offers one of the broadest product offerings in the flexible packaging industry, supplying both industrial and consumer markets with a variety of paper and plastic packaging options. 2004 revenues were approximately $510 million. Exopack was purchased in 2001 from International Paper and held in The Sterling Group's Fund I. The operating subsidiary, Exopack LLC, will continue under the leadership of President and CEO Stan Bikulege.
"Exopack exemplifies our investment philosophy - to partner with the management and employees, focus on strategic initiatives to grow the business and create value for all the shareholders. We salute all at Exopack and wish them well with Sun Capital," said Billy Oehmig, a Principal of The Sterling Group.
The Exopack sale represents the second sale of a portfolio company in The Sterling Group's first fund, Sterling Group Partners I, L.P. There are two remaining portfolio companies in the first fund, Propex Fabrics and North American Energy Partners. The Sterling Group is now making acquisitions of companies through its second fund, Sterling Group Partners II, L.P., which closed at $470 million in May 2005.
About The Sterling Group, L.P.
The Sterling Group is a private equity investment firm founded in 1982
that targets controlling interests in leveraged buyout investments in
basic manufacturing, industrial services and distribution companies with
enterprise values typically between $100 million and $500 million.
Sterling partners with management teams to acquire companies where it
has identified specific opportunities to grow and improve the business.
Sterling has sponsored the buyouts of 30 portfolio companies and
numerous add-on acquisitions for a total transaction value greater than
$7 billion. For more information visit www.sterling-group.com.
For additional information:
The Sterling Group, L.P.
Kevin Garland
(713) 877-8257
kgarland@sterling-group.com