M&A Deal Summary

The Sterling Group and Fifth Street Capital Acquire Express Integrated Technologies

On July 30, 2010, private equity firm The Sterling Group and lender Fifth Street Capital acquired manufacturer Express Integrated Technologies from CCCG

Acquisition Highlights
  • This is The Sterling Group’s 3rd and Fifth Street Capital’s 2nd transaction in the Manufacturing sector.
  • This is The Sterling Group’s 14th and Fifth Street Capital’s 32nd transaction in the United States.
  • This is The Sterling Group’s 1st and Fifth Street Capital’s 1st transaction in Oklahoma.
Investment Fate
  • Express Integrated Technologies went bankrupt in 2016.

M&A Deal Summary

Date 2010-07-30
Target Express Integrated Technologies
Sector Manufacturing
Buyer(s) The Sterling Group
Fifth Street Capital
Sellers(s) CCCG
Deal Type Divestiture

Target

Express Integrated Technologies

Tulsa, Oklahoma, United States
website
Express Integrated Technologies is a manufacturer engaged in the engineering, design and fabrication of heat transfer, environmental compliance, and sound suppression equipment.

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Buyer(S) 2

Buyer

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1982
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $750 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.


DEAL STATS #
Overall 16 of 48
Sector (Manufacturing) 3 of 7
Type (Divestiture) 2 of 7
State (Oklahoma) 1 of 1
Country (United States) 14 of 45
Year (2010) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-29 B&G Crane Service

Jefferson, Louisiana, United States

B&G Crane Service LLC is a provider of crane rental, heavy rigging, and specialty hauling services. B&G offers highly skilled workforce and continuously operates a fleet of over 150 cranes from 4-ton to 825-ton capacities and a support truck fleet of over 100 trucks. B&G Crane Service LLC was founded in 1946 and is based in Jefferson, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-22 Saxco

Concord, California, United States

Saxco International LLC is a provider of rigid packaging solutions to the wine, beer, liquor, and food industries. Saxco International was founded in 1936 and is based in Concord, California.

Buy -
DESCRIPTION

Fifth Street Capital is a public investment firm focused on providing mezzanine financing to support expansions, acquisitions, recapitalizations, and management buyouts of middle-market US based companies. Fifth Street looks to invest between $5 and $50 million per transaction. Sectors of interest include consumer products, healthcare services, manufacturing, medical device manufacturing, food services, business services, restaurants, speciality retail, logistics, and value added distribution. Fifth Street Capital is based in White Plains, New York.


DEAL STATS #
Overall 33 of 70
Sector (Manufacturing) 2 of 3
Type (Divestiture) 1 of 3
State (Oklahoma) 1 of 1
Country (United States) 32 of 69
Year (2010) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-08 OLSON

Minneapolis, Minnesota, United States

Olson provides digital marketing solutions around customer engagement and branding and is widely recognized for its innovative strategic advisory work, its software-driven customer loyalty programs and its analytics-based marketing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-01 Enhanced Resource Centers

Jacksonville, Florida, United States

Enhanced Resource Centers is a provider of customer experience management solutions with a focus on call center-based business process outsourcing solutions and accounts receivable management services to blue-chip clients in a variety of industries, including financial services, telecommunications, utilities, and student loan markets. Enhanced Resource Centers was founded in 1999 and is headquartered in Jacksonville, Florida.

Buy -

Seller(S) 1

SELLER

CCCG

Locust Grove, Oklahoma, United States

Category Company
Sector Manufacturing
DESCRIPTION

CCCG LLC is a manufacturer engaged in the engineering, design and fabrication of heat transfer, environmental compliance, and sound suppression equipment through its subsidiaries Express Integrated Technologies and Express Metal Fabricators.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1