The Sterling GroupThe Sterling Group

Portfolio Companies | Current Companies

BTEC Turbines (BTEC) specializes in the refurbishment, repair, and packaging of large gas-fired turbines. The company has an inventory of these turbines and related plant equipment that can be transported globally for power plant projects. The BTEC investment is held in Fund II.

CST Industries, Inc. (CST) is a leading global manufacturer and erector of factory coated metal storage tanks. CST is the largest manufacturer of bolted tanks and glass-fused-to-steel tanks and also manufactures shop welded tanks, aluminum domes and covers and agricultural feed and waste storage systems. CST serves numerous end markets including water, wastewater, fire protection, oilfield, agriculture, industrial liquid, plastics, chemicals, minerals, food, construction materials and energy. CST's manufacturing facilities are located in Parsons, Kansas; DeKalb, Illinois; Winchester, Tennessee; Rincon, Georgia; Conroe, Texas and the United Kingdom. The CST investment is held in Fund II.

North American Energy Partners (NAEP), acquired in 2003, is engaged in heavy civil construction projects throughout western and northern Canada. These projects include mining, piling, earthworks, pipelines, and underground utilities. NAEP is the largest provider of such services to the oil sands projects in western Canada. NAEP completed an initial public offering in November 2006 and trades on the NYSE under the symbol NOA. This investment is held in Fund I.

Panolam Industries is a market leader and innovator in the decorative laminate industry. The company's products, which are marketed under the widely recognized Panolam and Pionite brand names, are used in a wide variety of residential and commercial indoor surfacing applications, including kitchen and bath cabinets, furniture, store fixtures, case goods, and other applications. High pressure laminates are utilized as durable and economical alternatives for natural surfacing materials such as wood, stone and ceramic. As a vertically integrated manufacturer, Panolam produces decorative surfaces that offer quality, variety and flexibility to customers worldwide. The Panolam investment is held in Fund II.

Roofing Supply Group (RSG) is one of the largest wholesale distributors of roofing supplies and related materials in the United States. Through its network of 57 branches in 22 states, RSG provides one-step distribution services from the roofing product manufacturers to roofing contractors, home builders, retailers, and other end users. The RSG investment is held in Fund II.

Universal Fiber Systems, LLC (UFS), headquartered in Bristol, VA, is a leading niche manufacturer of high-performance, specialty synthetic fibers for niche segments of the commercial carpet, transportation carpet, and specialty textile industries. UFS acts as a strategic partner to its blue-chip customer base of leading commercial carpet manufacturers, Tier 1 automotive suppliers, and value-added textile manufacturers by supplying specialty yarn synthesized from nylon, polyester, and specialty polymers needed to produce a diverse range of unique end-products. The UFS investment is held in Fund II.

Velcon Filters, LLC (Velcon), headquartered in Colorado Springs, CO, is a niche manufacturer of filtration systems, including vessels and replacement cartridges, that meet specific requirements for fluid filtration processes in a variety of domestic and international end-markets. Velcon is a global leader in the filtration process for jet fuel delivery, manufacturing products that filter, purify and remove water from jet fuel along the transport chain from the refinery to the aircraft. End users of Velcon’s products primarily include airports, contracted fuel providers, FBO operators, militaries, pipeline operators and to a lesser extent commercial and industrial diesel consumers, refineries and utilities. The Velcon investment is held in Fund II.